This is how influential the chairman of the Federal Reserve is.
However, the Fed said downside risks to the economy and job market have "diminished since the fall."
The Fed chair ducked questions on a possible departure, and added he may start tapering QE this year. He wants "maximum employment."
Economists expect the Federal Reserve Wed. to continue, for the time being, its QE program of $85 billion in asset purchases per month.
Fed member Yellen's views on monetary policy resemble those of the U.S. central bank's current chairman, Ben Bernanke.
S&P, which is being sued by the U.S. Justice Department over its downgrade of U.S. debt, now says U.S. debt might not be so bad after all.
PIMCO's Bill Gross, head of the world's largest bond fund, critiqued Ben Bernanke's bond policy, saying the Fed is as much at fault as Congress.
The Federal Reserve's advisory council has expressed fears of a "breakout of inflation" and an "unsustainable bubble" in stock and bond markets.
The damage to U.S. household balance sheets has fallen disproportionately on minorities and the uneducated.
Comments by Ben Bernanke and the latest China manufacturing activity report pull down Asian stock markets.
Overall lending more than doubled in 2012 and loans to commercial enterprises are up 11 percent this year.
Factories in Texas are stagnating, according to a report by the Dallas Federal Reserve Bank.
According to Federal Reserve data, overseas banks accounted for about 70 percent of the Fed's discount window loans.
The Federal Reserve unveiled its new redesign of the $100 bill on Wednesday. The new bill is set to enter circulation on Oct. 8.
Americans with student-loan debt used to be more likely to own their homes by age 30 than others. Not any more.
Information technology and residential construction emerge as the economy's leading sectors, in the latest Beige Book.
Student loans have soared in popularity over the past decade, with the aggregate student loan balance reaching $966 billion at the end of 2012.
The Fed contacted the SEC and CFTC to see if there was any trading tied to Tuesday's early release of minutes.
If unemployment data continues to improve, the head of the Atlanta Fed said he may support cutting back on quantitative easing.
Ben Bernanke dismissed worries that the Federal Reserve’s money printing is raising the likelihood of a global currency war.
N.Y. Federal Reserve head William Dudley points to Washington's partisan division as the reason for the Fed's asset purchases.
On Wed, the Fed kept its quantitative easing program intact, saying it expects moderate GDP growth in 2013. The vote was 11-1.