Here’s what to look for when the Federal Open Market Committee releases its statement today at 2 p.m. after a two-day meeting in Washington. The panel won’t provide new economic forecasts, and Chairman Ben S. Bernanke won’t hold a news conference.
Elizabeth Duke’s resignation from the Federal Reserve Board and Chairman Ben S. Bernanke’s potential departure in January could set off a series of vacancies and appointments that give President Barack Obama the opportunity to leave his mark on the Fed for a decade or longer.
A dearth of economic data caused by the U.S. government shutdown is making it harder for Federal Reserve policy makers to assess the health of the economy as they consider when to start paring unprecedented monetary stimulus.
Federal Reserve Vice Chairman Janet Yellen and former Bank of Israel Governor Stanley Fischer will moderate discussions this month at the Kansas City Fed’s Economic Policy Symposium in Jackson Hole, Wyoming.
Janet Yellen as Federal Reserve vice chairman has spent time building relationships across the Fed’s regional banks and with central bankers from Shanghai to London to Mexico City -- everywhere except the corridors of power in Washington.