The Fed said that the economy is expanding at a “moderate” pace and described recent gains in hiring as “strong.”
The phrase in the Federal Reserve’s official policy statement caused particular consternation during its gathering in Washington this week.
The central bank cuts bond-buying by $10 billion, will keep a key interest rate low "for a considerable time."
The central bank is nearing a milestone, and communicating its next steps could prove challenging.
The deliberately bland language masks the vigorous debate both inside and outside the Fed over how much progress the economy has made -- and whether the central bank can still make a difference.
On Capitol Hill, Yellen acknowledged that broader measures of labor market health have registered “notable improvements.”
The Harvard economist and former Fed governor discusses bubbles, exit strategy and the taper tantrum.
Central bank cuts bond-buying by another $10 billion
Officials are all over the map on how to handle reinvestments in its bond-buying program
The action reaffirms the central bank's confidence in the recovery despite stalled growth during the winter.
The outcome of this week’s gathering of Federal Reserve officials in Washington is expected to be a yawner -- and that’s a good thing.
Monetary hawks want to end bond purchases because they think quantitative easing creates big risks. The doves are showing more openness because they think the policies are working.
The era of independent central banks may be ending. That's not necessarily a bad thing.
A new study suggests that the Fed shouldn't have just cut interest rates. It should have made them negative.
Last month, the Fed took its biggest action in two years. But the minutes of the debate suggests it could have done much more.
A conversation with Michael Woodford, the world's leading monetary economist and arguably a big influence on QE3.
The Fed will buy $85 billion in new assets including $40 billion in mortgage backed securities every month until the end of the year.
One of the key questions hanging over the economy is whether the Fed will act. The minutes from their last meeting are the clearest sign we've had yet that they're leaning towards "yes."