Trade Correspondent, Washington DC, USA
Krista's Feed
Mar 19, 2014

Fed revamps rates guidance, trims bond buys further

WASHINGTON (Reuters) – The Federal Reserve on Wednesday dropped the U.S. unemployment rate as its definitive yardstick for gauging the economy’s strength, and made clear it would rely on a wide range of measures in deciding when to raise interest rates

At the same time, it said that dropping a promise to hold rates steady “well past the time” the U.S. unemployment rate falls below 6.5 percent did not indicate any change in the Fed’s policy intentions.

Mar 19, 2014
Mar 19, 2014
Mar 18, 2014
Mar 18, 2014
Mar 14, 2014
Mar 14, 2014
Mar 14, 2014
Mar 13, 2014
Mar 13, 2014

Fed vice chair nominee Fischer defends Citigroup stint

WASHINGTON (Reuters) – Fed vice chair nominee Stanley Fischer on Thursday defended his ties to Citigroup Inc, saying that he would have been ill-prepared for his last central banking job without his experience at the mega-bank.

“My three years at Citigroup were the most important element in my education that enabled me to be an effective supervisor of banks, which was one of my duties as Governor of the Bank of Israel,” Fischer told members of the Senate banking committee.

    • About Krista

      "I write about trade from Washington DC, where I moved in August 2013. IN nine years with Reuters, I have written about the Latin American economy from Mexico City and European Central Bank from Frankfurt. In a previous life, I worked in Australia and covered the economy and national politics for local news agency AAP."
      Joined Reuters:
      2004
      Languages:
      English, German, Spanish, Portuguese
    • More from Krista

    • Contact Krista

    • Follow Krista