At her Senate nomination hearing today, the current Fed Vice Chair Janet Yellen carefully defended the Fed's policy and regulatory actions over the past few years, suggesting that her approach will...

Lowering the unemployment rate threshold would appear to be a neat way for the Fed to commit to leaving interest rates at near-zero for longer and perhaps offset any tightening in financial conditions...

The Fed's latest Senior Loan Officer Survey shows that even though banks are still prepared to increase the supply of credit, the recent surge in long-term borrowing costs has undermined the demand...

The incoming data suggest that labour market conditions remain soft, but the wider economic recovery does appear to be strengthening, as the severity of the fiscal drag begins to fade. Admittedly, our...