Speech today suggests initial hike in federal funds rate is likely at this month's FOMC meeting.

Speech today suggests initial hike in federal funds rate is likely at this month's FOMC meeting.

Congress tasks the Fed with pursuing max employment and price stability. But the Fed acts as if financial-market stability were also its responsibility.

Congress tasks the Fed with pursuing max employment and price stability. But the Fed acts as if financial-market stability were also its responsibility.

After weeks of hand-wringing among investors, borrowers, and analysts, the Federal Reserve decided to continue to delay its first interest rate increase in seven years.

After weeks of hand-wringing among investors, borrowers, and analysts, the Federal Reserve decided to continue to delay its first interest rate increase in seven years.

Answer out of Jackson Hole: Not as much as they thought.

Answer out of Jackson Hole: Not as much as they thought.