| Feb 21, 2014
| 5:35 PM
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...
| Nov 21, 2013
| 10:36 AM
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...
| Oct 30, 2013
| 5:58 PM
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...
| Nov 21, 2013
| 6:03 PM
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...
| Nov 24, 2013
| 5:00 AM
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...
| Nov 27, 2013
| 12:12 PM
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...
| Dec 3, 2013
| 5:19 PM
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...
| Dec 4, 2013
| 5:38 PM
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...
| Dec 7, 2013
| 7:28 AM
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...
| Dec 14, 2013
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...
| Dec 18, 2013
| 5:50 PM
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...