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Central Bank

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Top Central Bank Articles

Displaying items 100-110
  • Is Lawrence Summers the most qualified to succeed Fed's Bernanke?

    Is Lawrence Summers the most qualified to succeed Fed's Bernanke?
    WASHINGTON -- With the Federal Reserve playing an over-sized role in the U.S. economy, Wall Street investors are keenly interested in who will be the central bank's next chairman when Ben S. Bernanke's term expires in January. The Fed's No. 2 official,...
  • Stocks swoon on interest rate fears

    NEW YORK — A sudden jump in interest rates is casting a shadow over the stock market. Stocks fell sharply Friday as a persistent rise in rates over the last month threatened to derail the powerful rally this year in share prices. Despite...
  • Greenspan says Federal Reserve should start tapering stimulus

    WASHINGTON -- Former Federal Reserve Chairman Alan Greenspan said the central bank should start tapering its stimulus program and begin reducing its dramatically swelled balance sheet -- whether the economy is ready for it or not. "My view is the sooner...
  • Low inflation means no hurry to taper stimulus, top Fed official says

    Low inflation means no hurry to taper stimulus, top Fed official says
    WASHINGTON -- A top Federal Reserve policymaker said Monday that low inflation meant there was no hurry to reduce a key central bank stimulus program, which has made "substantial progress" in lowering unemployment. James Bullard, president of the...
  • Navigating the shift to a stingier Fed

    After four years of providing trillions of dollars in cheap money to prop up the U.S. financial system and economy, the Federal Reserve has signaled that its generosity won't last forever. On the face of it, that ought to be good news: It means the...
  • Strong jobs report has Fed on track to taper stimulus, analysts say

    WASHINGTON -- The government's unexpectedly strong June jobs report leaves the Federal Reserve on track to start tapering its bond-buying stimulus efforts as early as September, analysts said Friday. "The labor market has very strong momentum," Chris...
  • Federal Reserve Gov. Elizabeth Duke to step down in August

    Federal Reserve Gov. Elizabeth Duke to step down in August
    WASHINGTON -- Elizabeth Duke, a member of the Federal Reserve Board of Governors since 2008, will step down Aug. 31, the central bank announced Thursday. Duke, 60, a former banking industry executive, said in her resignation letter to President Obama...
  • Stocks soar to new records on hopes for continued stimulus

    Stocks soar to new records on hopes for continued stimulus
    The stock market streaked to new highs Thursday as investors remained hopeful that the Federal Reserve's easy money policies will continue to drive the U.S. economy. The Dow Jones industrial average and the Standard & Poor's 500 index, the two most...
  • Bernanke says Fed not on 'preset course' to reduce stimulus

    Bernanke says Fed not on 'preset course' to reduce stimulus
    WASHINGTON -- Federal Reserve Chairman Ben S. Bernanke said Wednesday that he expected the central bank to start tapering its bond-buying stimulus program this year, but that there was not a "preset course" to doing so. The Fed's plan to begin...
  • Bernanke: Markets starting to understand Fed's stimulus message

    Bernanke: Markets starting to understand Fed's stimulus message
    WASHINGTON -- Federal Reserve Chairman Ben S. Bernanke on Wednesday admitted there has been some confusion as the central bank has tried to explain plans to scale back its stimulus policies, but said he thought financial markets were "beginning to...
  • Ex-Fed official pleads guilty in computer file theft

    Ex-Fed official pleads guilty in computer file theft
    A former supervisor at the Federal Reserve Bank of Chicago faces up to a year in prison after pleading guilty today to stealing computer files containing confidential bank information on his last day of work nearly two years ago. Brian McCarthy, 31,...