| Jun 18, 2013
| 6:36 AM
President Obama suggested he might not renominate Ben S. Bernanke for a third term as chairman of the Federal Reserve, saying the central bank chief has already stayed in the job longer than originally planned.
In a PBS interview that aired late Monday,...
| Jun 19, 2013
| 5:00 AM
WASHINGTON -- A difficult task awaits Federal Reserve Chairman Ben S. Bernanke when he faces the TV cameras Wednesday in his quarterly news conference.
He has to try to reassure investors, analysts and politicians that the central bank has a plan for...
| Jun 28, 2013
| 7:15 AM
WASHINGTON -- The Federal Reserve doesn't have "unconditional optimism" about the economic recovery and won't pull back on stimulus efforts if conditions don't warrant it, a top central bank policymaker said Friday.
In prepared remarks to the Council on...
| Dec 13, 2012
| 12:16 PM
Bar the door, Nelly — the Fed has abandoned all restraint and will now print money to finance the federal deficit.
To support the weak recovery, the Federal Reserve continues to keep short-term interest rates near zero, purchase mortgage-backed...
| Nov 7, 2012
| 7:13 AM
U.S. stocks fell sharply at the open Wednesday, as investors focused on how President Obama plans to avoid the fiscal cliff after he won re-election Tuesday night.
Worries about the European economy also resurfaced, putting more pressure on global...
| Jul 31, 2013
| 11:39 AM
WASHINGTON -- Federal Reserve policymakers voted Wednesday to hold steady on short-term interest rates and the central bank's bond-buying program, but indicated that they expected economic growth to pick up.
Following a two-day meeting, the Federal Open...
| Sep 18, 2013
| 11:19 AM
WASHINGTON -- Federal Reserve policymakers unexpectedly voted Wednesday not to alter one of the central bank’s key economic stimulus programs.
The move defied market expectations that the Fed would begin tapering its monthly purchases of $85...
| Sep 23, 2013
| 8:45 AM
WASHINGTON -- A top Federal Reserve policymaker said Monday that the economy still wasn't strong enough in two key areas to begin tapering the central bank's bond-buying stimulus program, particularly with budget and debt-limit fights looming.
| Sep 24, 2013
| 6:41 AM
WASHINGTON -- Although Sheila Bair, the former chairwoman of the Federal Deposit Insurance Corp., is a Republican, she has been one of the most outspoken supporters of Democrat Janet L. Yellen to be the next Federal Reserve chief.
Now, with Yellen the...
| Sep 26, 2013
| 6:05 AM
WASHINGTON -- The Federal Reserve has taken unprecedented steps to stimulate the economy, but a new poll finds that only about a third of Americans have confidence in the central bank's ability to boost growth.
The findings in a New York Times/CBS...
| Aug 1, 2013
WASHINGTON — Improving economic data is making the prospects more likely that the Federal Reserve will start tapering its massive bond buying next month, a move that suggests the recovery is on solid ground but that would be likely to roil Wall...