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Yellen Highlights Deepening U.S. Poverty

Federal Reserve Chairwoman Janet Yellen said Thursday the 2007-2009 recession left lasting scars on the poorest American families that have yet to heal more than five years into the official economic recovery.

Source: http://blogs.wsj.com/economics/2014/09/18/yellen-highlights-deepening-u-s-poverty/?mod=WSJBlog

N.Y. Fed Makes Changes in Overnight Reverse Repo Program Terms

WASHINGTON–The Federal Reserve Bank of New York announced Wednesday significant changes in the terms of a program designed to provide the central bank with better control over short-term interest rates.

Source: http://blogs.wsj.com/economics/2014/09/17/n-y-fed-makes-changes-in-overnight-reverse-repo-program-terms/?mod=WSJBlog

Fed Revises Plans on How it Will Raise Rates

The Federal Reserve on Wednesday announced a revised plan for the mechanics of how it will raise interest rates from near zero when the time comes.
As part of the so-called exit strategy, the Fed will continue to rely on its benchmark federal funds rate, an overnight interbank lending rate, as the key rate used to communicate Fed policy. The rate influences other borrowing costs throughout the economy, such as those on mortgages, car loans and credit cards. Raising it tightens credit: lowering does the reverse.

Source: http://blogs.wsj.com/economics/2014/09/17/fed-revises-plans-on-how-it-will-raise-rates/?mod=WSJBlog

Two Dissents from Hawks on Fed’s Forward Guidance

Two of the Federal Reserve’s most vocal hawks dissented from the central bank’s September policy decision.
Philadelphia Fed President Charles Plosser dissented for a second straight meeting, and was joined by Dallas Fed President Richard Fisher. The vote on the Fed’s policy statement Wednesday was 8-2.

Source: http://blogs.wsj.com/economics/2014/09/17/two-dissents-from-hawks-on-feds-forward-guidance/?mod=WSJBlog

Most Federal Reserve Officials Still See First Rate Hike In 2015

Most Federal Reserve officials continue to expect the central bank to first increase interest rates some time next year, according to official projections released Wednesday.

Source: http://blogs.wsj.com/economics/2014/09/17/most-federal-reserve-officials-still-see-first-rate-hike-in-2015/?mod=WSJBlog

Parsing the Fed: How the Statement Changed

The Federal Reserve releases a statement at the conclusion of each of its policy-setting meetings, outlining the central bank’s economic outlook and the actions it plans to take. Much of the statement remains the same from meeting to meeting. Fed watchers closely parse changes between statements to see how the Fed’s views are evolving.
The following tool compares the latest statement with its immediate predecessor and highlights where policy makers have updated their language. This is the September statement compared with July:

Source: http://blogs.wsj.com/economics/2014/09/17/parsing-the-fed-how-the-statement-changed-41/?mod=WSJBlog
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