| 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 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...
| Nov 20, 2013
| 5:48 PM
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...
| Nov 14, 2013
| 5:16 PM
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...
| Nov 13, 2013
| 4:52 PM
WASHINGTON — The nomination of Janet L. Yellen to be the next Federal Reserve chair gives critics of the central bank something they rarely have: leverage to force some changes.
As the Senate Banking Committee prepares for a confirmation hearing...
| Oct 30, 2013
| 1:12 PM
| Oct 29, 2013
| 5:00 AM
WASHINGTON — The Federal Reserve has taken unprecedented steps to stimulate the economic recovery from the Great Recession, but the tab has risen to such tremendous proportions — fast approaching $4 trillion — that some worry the central...
| Oct 9, 2013
| 5:57 PM
WASHINGTON — The Federal Reserve appeared poised a few weeks ago to start pulling back on its unprecedented support for the economy, but surprisingly stopped short out of fear the recovery still was too fragile.
That was before the budget...
| Oct 22, 2013
WASHINGTON — A top Federal Reserve policymaker said the central bank was unlikely to start reducing a key stimulus program for "a few months" because the partial government shutdown has muddied the economic picture.
Charles Evans, president of the...
| Oct 9, 2013
| 4:55 PM
WASHINGTON — Janet Yellen, President Obama's choice to head the Federal Reserve, comes to the post with more experience at the central bank than her predecessors and a career-long focus on the issue that remains at the center of public concern...
| Sep 30, 2013
| 6:30 AM
PARIS -- When the first international effort to impose an economic austerity regime upon Greece was completed, George Papandreou, the prime minister, surprised and infuriated the negotiators from the IMF, European Commission and European Central Bank by...