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Central Bank

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Top Central Bank Articles

Displaying items 100-110
  • Transcripts detail Fed's struggles amid 2008 financial crisis

    Transcripts detail Fed's struggles amid 2008 financial crisis
    WASHINGTON — The day after Lehman Bros. filed for bankruptcy in September 2008, Federal Reserve policymakers hadn't yet grasped the scope of the financial storm blowing overhead. What was clear to them as they gathered for a regularly scheduled...
  • Toomey votes against Yellen to run the Fed

    Toomey votes against Yellen to run the Fed
    Pennsylvania Republican Sen. Pat Toomey voted against President Barack Obama’s choice to lead the Federal Reserve Bank, citing concerns over the central bank maintaining low interest rates. The vote Thursday in the Senate Banking Committee, of...
  • Fed keeps stimulus intact as it awaits further gains in recovery

    WASHINGTON — The Federal Reserve kept intact its large-scale campaign to stimulate the economy, saying it was awaiting more evidence of sustainable progress in the recovery. Although the Fed's decision Wednesday to hold the line on its monthly...
  • Dow closes above 16,000

    The Dow Jones industrial average closed above 16,000 for the first time, a testament to investors' hope that the plodding economy can gain momentum in the coming year. The index, a gauge of 30 of the largest American companies, jumped more than 109...
  • Bitcoins: Widely known and widely misunderstood

    Bitcoins: Widely known and widely misunderstood
    Back in the 1980s, when I lived in Nairobi, foreign residents had a simple way of obtaining Kenyan shillings. They'd write a check in, say, U.S. dollars on their U.S. bank accounts to the Indian man who owned the ice cream store down the block. He'd pay...
  • Edward H. Covell Jr., broiler industry leader

    Edward H. Covell Jr., broiler industry leader
    Edward Hall Covell Jr., a leader in Maryland's broiler industry who owned a farm supply business and was named to the Poultry Hall of Fame, died of pneumonia Friday at the Blakehurst retirement community in Towson. The longtime Talbot County resident...
  • Stocks skid for third straight day; Dow drops below 16,000

    Stocks skid for third straight day; Dow drops below 16,000
    The stock market suffered its first three-day losing streak since late September, an indication that share prices may have gotten ahead of themselves in this year's furious rally. The Dow Jones industrial average slid below 16,000 as portfolio...
  • Economic recovery outlook improves after government shutdown

     Economic recovery outlook improves after government shutdown
    WASHINGTON — The nation's economic recovery, seemingly stuck in another pothole after the 16-day federal government shutdown, now looks to be back on track again — and accelerating into the new year. Recent data, especially this week, have...
  • The bitcoin crash of 2013: Don't you feel silly now?

    People who thought that bitcoins could serve as either an investment vehicle or an alternative world currency got their heads handed to them on Thursday and Friday. That's when the price of the attention-grabbing crypto-currency got crushed, falling...
  • Fed disputes cost-saving claims of switching to $1 coin

    WASHINGTON — To lawmakers and others arguing that replacing the $1 bill with a $1 coin would save the government money, the Federal Reserve says, "Don't bet on it." A new analysis by Fed staffers said the old-fashioned greenback is more durable...
  • Fed to begin easing bond policy

    WASHINGTON — The Federal Reserve took its first step toward curtailing its unprecedented efforts to boost the economic recovery — a sea change in policy that over time will result in interest rates drifting higher for businesses and...