| Jan 10, 2014
| 8:35 AM
WASHINGTON -- President Obama will nominate Stanley Fischer, the former head of the Bank of Israel, to be vice chair of the Federal Reserve, and also tapped two other people for seats on the central bank's Board of Governors, the White House said Friday....
| Oct 8, 2013
| 4:16 PM
WASHINGTON -- President Obama will nominate Janet L. Yellen to be the next head of the Federal Reserve, the White House said Tuesday. The historic appointment, if confirmed, would make the former UC Berkeley economist the first woman to lead the world&...
| Feb 13, 2014
| 8:07 AM
A five-week decline in fixed mortgage rates has ended, with Freddie Mac’s survey showing the 30-year home loan averaged 4.28% early this week, up from 4.23% a week ago.
The 15-year fixed-rate mortgage was unchanged at an average of 3.33%,...
| Jan 6, 2014
| 6:49 AM
WASHINGTON -- Senators on Monday are expected to confirm Janet L. Yellen as the next head of the Federal Reserve, scheduling a late afternoon vote that could be the closest ever for a leader of the central bank.
Yellen, 67, a former UC Berkeley...
| Sep 20, 2013
| 7:33 AM
California employers added 29,100 payroll jobs in August, posting one of the largest job gains in the nation but the unemployment rate still ticked up to 8.9% from 8.7% the month before, the U.S. Bureau of Labor Statistics reported Friday.
| Oct 11, 2013
| 6:41 AM
WASHINGTON -- A conservative group has launched a campaign to stop Janet L. Yellen from becoming the next head of the Federal Reserve, arguing her confirmation would lead to an expansion of easy money policies that would cause prices to soar.
| Feb 12, 2014
| 8:27 AM
WASHINGTON -- Reflecting concerns that government settlements with big banks haven't been tough enough, two Democratic lawmakers want the Federal Reserve board to approve all major enforcement actions.
Sen. Elizabeth Warren of Massachusetts and Rep....
| Dec 18, 2013
| 6:38 AM
WASHINGTON -- The Federal Reserve's last chance this year to reduce a key stimulus program comes Wednesday when central bank policymakers wrap up a two-day meeting and Chairman Ben S. Bernanke holds his last scheduled news conference before stepping...
| Sep 5, 2013
| 6:31 AM
WASHINGTON -- Private-sector hiring slowed last month as employers added 176,000 new jobs, but the gains were consistent with the labor market's steady though unspectacular growth over the last two years, payroll processing firm ADP said Thursday....
| Sep 16, 2013
| 7:27 AM
WASHINGTON -- With Lawrence H. Summers removing himself from consideration to be the next Federal Reserve chairman, Janet L. Yellen becomes the acknowledged front-runner for the vital economic policy position.
But President Obama still could go...
| Sep 13, 2013
| 7:16 AM
WASHINGTON -- A majority of economists and investors expect the Federal Reserve to begin scaling back a key stimulus program next week, according to two polls.
Two-thirds of economists polled by the Wall Street Journal said they expected the...