| Mar 19, 2014
| 10:30 AM
Exactly two years ago, I wrote a column titled "Coping in a low interest world". At the time, short-term interest rates were essentially zero and the benchmark 10-year Treasury yield hovered at around 2.4 percent. Soon after, 10-year yields plunged to 40-...
| Mar 19, 2014
| 6:07 AM
WASHINGTON -- Janet L. Yellen, who broke the Federal Reserve's glass ceiling, marks two more milestones Wednesday, wrapping up her initial policymaking meeting as chairwoman then facing reporters' questions for the first time since taking office last...
| Oct 9, 2013
| 12:25 PM
WASHINGTON -- Janet Yellen, President Obama’s choice to head the Federal Reserve, comes to the post with more years and a wider range of experience at the central bank than her predecessors and a career-long focus on the issue that remains at the...
| Nov 13, 2013
| 2:35 PM
WASHINGTON -- The Federal Reserve has helped the nation rebound from the Great Recession, but there still is more work to be done to reduce unemployment and get the economy back on track, Fed chair nominee Janet L. Yellen will tell senators at her...
| Mar 3, 2014
| 5:33 PM
(Reuters) - The United States has put trade and investment talks with Russia on hold as a rebuke for Russia's incursion into Ukraine, a U.S. official said on Monday.
"We have suspended upcoming bilateral trade and investment engagement with the...
| Dec 5, 2013
| 10:02 AM
Chinese authorities on Thursday instructed the country's banks and other financial institutions not to accept bitcoin, an unregulated digital currency that has soared in value amid widespread speculation, state media reported.
China's central bank and...
| Dec 18, 2013
| 4:51 AM
LONDON -- Paper or plastic? No, not what kind of bag do you want your purchases in; it's what kind of money you’ll use to pay for them, at least in Britain.
The Bank of England announced Wednesday that, beginning in 2016, it will start issuing...
| Jan 8, 2014
| 5:16 PM
Got some dirty money to launder? Well, Rhode Island scientists say they've devised a method of washing human grease, microbes and motor oil from the world's banknotes using supercritical fluid.
Each year, the world's governments shred roughly 150,000...
| Mar 27, 2014
On Feb. 20, Nigerian President Goodluck Jonathan fired his respected central bank governor, who was trying to discover what had happened to an estimated $20 billion that disappeared from the nation's oil revenue over an 18-month period.
Four days later,...
| Dec 3, 2013
| 8:03 AM
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,...
| Feb 4, 2014
| 7:14 AM
A top Federal Reserve official expects the central bank to continue reducing a key stimulus program even though he sees more modest growth this year than many analysts have projected.
Jeffrey Lacker, president of the Federal Reserve Bank of Richmond,...