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Central Bank

A collection of news and information related to Central Bank published by this site and its partners.

Top Central Bank Articles

Displaying items 100-110
  • Yellen deftly navigates Fed confirmation hearing

    WASHINGTON — At her confirmation hearing, Janet L. Yellen demonstrated two qualities that analysts said led to her nomination as the next Federal Reserve chief: a commitment to continuing its aggressive stimulus efforts and a low-key ability to...
  • Fed's Dudley more hopeful on economy, says private sector nearly healed

    Fed's Dudley more hopeful on economy, says private sector nearly healed
    WASHINGTON -- A top Federal Reserve official said Monday he was "getting more hopeful" about the economic recovery and declared the private sector nearly healed from the Great Recession. William C. Dudley, the president of the Federal Reserve Bank of...
  • Fed may keep short-term rates low long after bond-buying pullback

    WASHINGTON — Federal Reserve policymakers, expecting to pull back on their bond-buying stimulus "in coming months," are considering keeping short-term interest rates quite low for quite a while, among other options to try to support what they see as...
  • 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...
  • 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...
  • Bank profits fell in the third quarter amid higher mortgage rates

    Bank profits fell in the third quarter amid higher mortgage rates
    WASHINGTON -- Profits at the nation's banks fell 3.9% in the third quarter of 2013 compared with a year earlier, the first such decline since 2009, as the industry grappled with higher interest rates that led to a drop in mortgage activity, the Federal...
  • 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...
  • Pimco's Gross warns easy-money policies increase global economic risk

    Pimco's Gross warns easy-money policies increase global economic risk
    WASHINGTON -- Easy-money policies by the Federal Reserve and other central banks have left the U.S. and other economies "increasingly at risk," bond guru Bill Gross warned. The co-chief investment officer at Pacific Investment Management Co., or Pimco,...
  • 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...
  • Fed's 'beige book' reports modest to moderate economic growth

    Fed's 'beige book' reports modest to moderate economic growth
    Regional economies throughout the country got a boost from manufacturing and the housing recovery this fall, but overall the nation's economic growth was modest to moderate.  Manufacturing, which expanded in most regions of the country, was led by gains...