Bernanke near inflation target prize, but jobs a concern (Reuters)
Reuters - The Federal Reserve could take the historic step this week of announcing an explicit target for inflation, a move that would fulfill a multi-year quest of the central bank's chairman, Ben Bernanke.
Documents show how Fed missed housing bust (AP)
AP - Ben Bernanke presided over his first meeting as Federal Reserve chairman in March 2006 believing the nation's economy could pull off a "soft landing" from falling home prices. Three months later, Bernanke had begun to grasp that he and others had underestimated the risk housing posed to the economy.
Fed officials at odds over policy path (Reuters)
Reuters - Top Federal Reserve officials disagreed on Wednesday over how aggressive the central bank should be to spur faster growth and bring a lofty jobless rate down more quickly.
Fed says economy expanding moderately (Reuters)
Reuters - The Federal Reserve said on Wednesday the economy continued to expand modestly through the end of 2011 as holiday spending proved robust, but a weak job market was still preventing incomes from rising.
Chicago Fed’s Evans: Need to see better housing market (Reuters)
Reuters - The president of the Chicago Federal Reserve Bank said on Wednesday that a more vibrant housing market will be necessary to boost home prices and provide a lift to the overall economy.
Strong data damps Fed need to buy bonds: Bullard (Reuters)
Reuters - Signs the U.S. recovery is gaining strength suggest the Federal Reserve may not need to buy any more bonds to spur growth, a top policymaker said on Saturday.
Raskin says Fed will fine mortgage servicers (Reuters)
Reuters - Federal Reserve Governor Sarah Bloom Raskin on Saturday said the Fed must impose monetary penalties on banks who entered into an April agreement with regulators over how to fix problems in their mortgage servicing businesses.
Fed to publish rate path forecasts in new transparency move (Reuters)
Reuters - The Federal Reserve on Tuesday said it would begin publishing forecasts on the path of interest rates later this month, a move that could suggest rates will be on hold for longer than previously expected.
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