| 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...
| Aug 21, 2013
| 11:44 AM
WASHINGTON -- Forget about cutting interest rates. A Republican senator said he wouldn't even let Lawrence H. Summers, a leading contender to replace Federal Reserve Chairman Ben S. Bernanke, cut his lawn.
“I wouldn’t want Larry Summers to...
| 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....
| Aug 23, 2013
| 7:26 AM
WASHINGTON -- A top Federal Reserve official said Friday that he would support a reduction in the central bank's stimulus efforts in September if economic data continue to show the recovery proceeding at a moderate pace.
Dennis Lockhart, president of...
| Sep 16, 2013
| 8:41 AM
Janet L. Yellen's got the job as next head of the Federal Reserve in the bag -- at least, that's according to Paddy Power, an online Irish bookmaker.
Lawrence H. Summers, who had been widely believed to be President Obama's first-choice pick, withdrew...
| Nov 5, 2013
| 6:54 AM
WASHINGTON -- Lael Brainard, the Treasury department's top official in dealing with global financial issues, will step down this week amid speculation she could be nominated to the Federal Reserve Board.
Brainard has served as undersecretary for...
| 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...
| 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...
| Aug 9, 2013
| 7:51 AM
WASHINGTON -- The president of the Federal Reserve Bank of Cleveland, Sandra Pianalto, will step down early next year, creating another vacancy among central bank policymakers as they grapple with reducing their stimulus efforts.
The head of the...
| Nov 14, 2013
| 8:39 AM
WASHINGTON -- Federal Reserve chair nominee Janet L. Yellen strongly defended the central bank's stimulus efforts under questioning at her Senate confirmation hearing Thursday, saying the controversial bond-buying program has helped the economy recover....
| Dec 10, 2013
| 6:44 AM
WASHINGTON -- Federal regulators on Tuesday unveiled the final version of a rule designed to prevent federally insured banks from engaging in risky trading of stocks and securities, moving to put in place a key regulation called for in the 2010...