| Sep 27, 2013
| 12:30 PM
The fiscal cliff is now front and center in the national consciousness, and with Thanksgiving behind us, the time is right to help you further understand what is at stake for you and your pocketbook.
The cliff refers to the combination of tax increases...
| Sep 18, 2013
| 12:13 PM
WASHINGTON -- Despite improvement in the labor market over the last year, central bank policymakers were not confident enough yet that the economy could handle a reduction in a key stimulus program to move ahead with a pullback this month, Federal Reserve...
| Jun 18, 2013
| 6:36 AM
President Obama suggested he might not renominate Ben S. Bernanke for a third term as chairman of the Federal Reserve, saying the central bank chief has already stayed in the job longer than originally planned.
In a PBS interview that aired late Monday,...
| Jun 19, 2013
| 5:00 AM
WASHINGTON -- A difficult task awaits Federal Reserve Chairman Ben S. Bernanke when he faces the TV cameras Wednesday in his quarterly news conference.
He has to try to reassure investors, analysts and politicians that the central bank has a plan for...
| Jun 18, 2013
| 9:17 PM
For all the mixed messages from the Fed and the uncertainty that has roiled financial markets recently, one thing looks very clear: The era of declining interest rates is over.
After three decades in which borrowing costs for Americans have pretty...
| Jun 25, 2013
| 6:00 AM
Residential mortgage rates aren't just up from the bottom -- they have zoomed a full percentage point above recent record lows, reaching the mid-4% range.
The average rate for a 30-year fixed-rate home loan hit 4.63% on Monday, according to HSH...
| Sep 29, 2013
| 12:12 PM
In 1979, Tom Shea founded Florida’s first outplacement firm, which became one of the original units of Right Management. As CEO of Right’s Florida/Caribbean Region, he heads six offices statewide and in Puerto Rico. Now in over 50 countries,...
| Jun 28, 2013
| 7:15 AM
WASHINGTON -- The Federal Reserve doesn't have "unconditional optimism" about the economic recovery and won't pull back on stimulus efforts if conditions don't warrant it, a top central bank policymaker said Friday.
In prepared remarks to the Council on...
| Dec 13, 2012
| 12:16 PM
Bar the door, Nelly — the Fed has abandoned all restraint and will now print money to finance the federal deficit.
To support the weak recovery, the Federal Reserve continues to keep short-term interest rates near zero, purchase mortgage-backed...
| Dec 26, 2012
Pull up an empty chair, folks. (Up to you whether to interrogate it.) It's time to take a look back at the year that was, politically speaking.
We won't know the 2012 word of the year until The American Dialect Society's annual conference next week....
| Feb 27, 2013
| 11:03 AM
Nothing short of a miracle — or a sudden onset of rational behavior inside the Capital Beltway — is going to prevent mandatory, across-the-board federal spending cuts from going in effect Friday. It's also clear the public sector workforce...