Federal Reserve

The Fed has ended its two-day meeting and the conclusion is the economy isn't bad enough to take new action now.

The Federal Reserve has upgraded its forecast for the U.S. economy in 2012 but also downgraded its outlooks for 2013 and 2014. There are worries the U.S. could fall back into recession just like the U.K. did.

March's disappointing jobs report could push the Federal Reserve to do more to spur job growth. Chairman Ben Bernanke is expected to speak on the subject today in Atlanta.

At the Federal Reserve's latest meeting, only two of 10 voting committee members support additional stimulus. The Fed inspector general, meanwhile, released a report that Fed money didn't contribute to the Watergate burglary, or to Saddam Hussein and Iraq getting weapons in the 1980s.

The payroll processing company ADP said the U.S. private sector added 209,000 jobs last month, a sign that job growth has yet to be affected by high gas prices. The seeming recovery has also led the Fed to announce it will ease off with quantitative easing.

Federal Reserve Chairman Ben Bernanke says U.S. needs faster job growth before Fed changes monetary policy.

The stock market had its best day of the year yesterday, in large part due to a pleasant surprise, in the form of a report card on stress tests that were taken by the big banks.

While U.S. stock markets reacted positively to the stress test news, some analysts in Europe still worry about the volatility of CitiGroup.

The top policy makers at the Federal Reserve are holding a meeting today in Washington to decide what to do next when it comes to monetary policy. Will they shift their focus now that we have signs of economic recovery?