| Sep 6, 2013
| 5:59 AM
WASHINGTON -- The economy added 169,000 net new jobs last month and the unemployment rate ticked down to a near post-Great Recession low of 7.3%, its lowest level since the end of 2008, the Labor Department said Friday.
The job growth in August was...
| Oct 28, 2013
| 7:31 AM
WASHINGTON -- The Senate Banking Committee expects to hold a confirmation hearing in November on Janet L. Yellen's nomination to be the next head of the Federal Reserve as supporters try to get her formally in place before current Fed chief Ben S....
| Nov 16, 2013
| 7:31 AM
WASHINGTON -- Former Secretary of the Treasury Timothy F. Geithner is becoming a financial industry executive, taking a high-level job with the private-equity firm Warburg Pincus, the firm announced Saturday.
Geithner, who was a major player in the...
| Oct 3, 2013
Much is in flux in Washington this week. But two important realities have remained constant, whether certain elements in the GOP accept them or not: We must not default on the federal debt, and we shouldn't wait until we're on the brink of default to...
| Oct 25, 2013
For months it was a matter of intense speculation: Who would President Obama nominate to chair the Federal Reserve? Now that he has named Janet Yellen, currently the Fed's vice chair and an exceptionally well-qualified candidate, maybe we can move on to...
| Oct 28, 2013
Fed Chairman Ben S. Bernanke could not have been more precise about the projected cutbacks in the monthly $85-billion bond-buying program. He said in December that the Fed would continue the program until the national unemployment rate fell to 6.5%. And...
| Sep 23, 2013
| 6:49 AM
WASHINGTON -- Former President Bill Clinton said the harsh criticism of Lawrence H. Summers that led to his withdrawal from consideration to be the next Federal Reserve chairman was inaccurate and that the former Treasury secretary did not excessively...
| Aug 7, 2013
| 11:44 AM
An unusual but fierce campaign over who President Obama should appoint as the next Federal Reserve chair has had Washington in a tizzy as of late.
Will it be former Treasury Secretary Larry H. Summers or Fed Vice Chair Janet L. Yellen?
| Oct 23, 2013
| 6:03 AM
WASHINGTON -- Former Federal Reserve Chairman Alan Greenspan on Wednesday praised Janet L. Yellen, President Obama's nominee to be the next central bank chief, calling her "very bright" and saying he often would go to her to explain academic economics...
| Nov 13, 2013
| 7:16 AM
WASHINGTON -- Former Treasury Secretary Lawrence H. Summers, who was the perceived front-runner to be the next Federal Reserve chief until he pulled out in the face of liberal opposition, predicted Wednesday that nominee Janet L. Yellen would be a...
| Dec 11, 2013
| 8:12 AM
WASHINGTON -- Clear communication from Federal Reserve officials could reduce the risk to developing economies when the central bank starts reducing a key stimulus program, the head of the World Bank said.
Developing nations saw their borrowing costs...