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Central Bank

A collection of news and information related to Central Bank published by this site and its partners.

Top Central Bank Articles

Displaying items 56-66
  • Fed's Dudley: Two key tests show economy too fragile to begin tapering

    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. "In my...
  • Republican Sheila Bair says GOP should back Janet Yellen for Fed

    Republican Sheila Bair says GOP should back Janet Yellen for Fed
    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...
  • Most Americans doubt Fed's ability to boost growth, poll finds

    Most Americans doubt Fed's ability to boost growth, poll finds
    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...
  • Bernanke says Federal Reserve is 'focused on Main Street'

    WASHINGTON — The Federal Reserve's efforts to explain how its unprecedented economic stimulus will be phased out might rattle Wall Street, but Chairman Ben S. Bernanke said the aim is clear — avoiding a severe market reaction that would hurt...
  • Obama may choose between two economists to replace Bernanke at Fed

    WASHINGTON — President Obama's choice for replacing Federal Reserve Chairman Ben S. Bernanke probably comes down to a quiet consensus builder, who would be a historic pick, or one considered brilliant but difficult to work with. Through...
  • Stocks boosted by strong profit reports from Wall Street banks

    Stocks boosted by strong profit reports from Wall Street banks
    NEW YORK — Investors pushed major U.S. indexes to a fresh round of all-time highs this week after strong profit reports from Wall Street banks were seen as another sign that the economy is improving. Citigroup Inc., Goldman Sachs and Morgan...
  • Half of economists in poll expect Fed to taper stimulus in Sept.

    Half of economists in poll expect Fed to taper stimulus in Sept.
    WASHINGTON -- Half of economists in a poll released Tuesday said they expected the Federal Reserve to start tapering its monthly bond-buying purchases in September. The percentage was up from last month, when 44% of economists in the survey by Bloomberg...
  • Yellen gains allies for top job at Fed

    Yellen gains allies for top job at Fed
    WASHINGTON — In an era of unprecedented efforts by the Federal Reserve to bolster the economy, add another first — a highly public campaign to influence the selection of the central bank's next chief. Supporters of Fed Vice Chair Janet L....
  • Are your mortgage modification terms worth continuing payments?

    Are your mortgage modification terms worth continuing payments?
    Financially strapped homeowners who are close to foreclosure may want to face the music now rather than continuing to struggle with their monthly payments. There's a high probability of losing the house anyway, even with the government's help. According...
  • Europe could drop interest rate below zero on excess bank deposits

    Europe could drop interest rate below zero on excess bank deposits
    WASHINGTON -- The European Central Bank could reduce the interest rate it pays on excess bank deposits to below zero to boost growth in the recession-plagued region, a top official said. The comments over the weekend by Italian Central Bank chief...
  • Eurozone economy shrinks in first quarter, marking longest recession

    Eurozone economy shrinks in first quarter, marking longest recession
    WASHINGTON -- The Eurozone economy contracted 0.2% in the first three months of the year compared with the previous quarter, marking the region's longest recession since its single currency was created in 1999. The 17-nation Eurozone now has been in...