Tag Archives: Federal Open Market Committee

Federal Reserve Chair Janet Yellen called for moderation in monetary policy in a major speech on Friday as the economy continued to show signs of a slow but steady recovery. Speaking from Jackson Hole, Wyoming, the central banker hailed a falling unemployment rate and improving payroll figures but held back from calling it significant enough process to notch up still-low interest rates.

Federal Reserve leaders concluded their April meeting on Wednesday, revealing they have again voted to scale back the Fed's monthly asset purchases. Beginning in May, the committee will add only $20 billion in mortgage-backed securities per month rather than the previous pace of $25 billion. Additionally, longer-term Treasury securities will be scaled back to $25 billion per month rather than $30 billion.