| Mar 10, 2014
| 8:00 AM
Bad weather is largely responsible for some recent weak economic data and should not lead the Federal Reserve to stop reducing a key stimulus program, a top central bank official said Monday.
Instead, with economic growth still forecast to pick up...
| Mar 13, 2014
| 10:41 AM
WASHINGTON -- Stanley Fischer, the former Bank of Israel president nominated for the Federal Reserve's No. 2 job, defended his work on Wall Street and told senators at his confirmation hearing Thursday that he understood the effect of economic problems on...
| Oct 23, 2013
| 6:03 AM
WASHINGTON -- Former Federal Reserve Chairman Alan Greenspan on Wednesday praised Janet L. Yellen, President Obama's nominee to be the next central bank chief, calling her "very bright" and saying he often would go to her to explain academic economics...
| Jan 15, 2014
| 5:50 PM
WASHINGTON — After a long and lumpy recovery, the world economy may finally be at a turning point with global growth expected to accelerate this year behind the rising strength of the U.S. and other major developed countries.
But world finance...
| 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...
| Jan 10, 2014
| 8:35 AM
WASHINGTON -- President Obama will nominate Stanley Fischer, the former head of the Bank of Israel, to be vice chair of the Federal Reserve, and also tapped two other people for seats on the central bank's Board of Governors, the White House said Friday....
| Mar 4, 2014
| 7:42 AM
Although the Federal Reserve has been criticized for its unprecedented efforts to fight the 2008 financial crisis, former Fed chief Ben S. Bernanke said Tuesday the central bank could have done more.
"Although we have been very aggressive, I think on...
| Oct 9, 2013
| 1:20 PM
WASHINGTON -- President Obama on Wednesday announced the nomination of Janet L. Yellen to be the first woman head of the Federal Reserve, calling her "one of the nation's foremost economists and policymakers" who would be a champion for American workers....
| Oct 8, 2013
| 4:16 PM
WASHINGTON -- President Obama will nominate Janet L. Yellen to be the next head of the Federal Reserve, the White House said Tuesday. The historic appointment, if confirmed, would make the former UC Berkeley economist the first woman to lead the world&...
| Mar 18, 2014
| 6:43 AM
WASHINGTON -- Despite a sharp jump in food costs, consumer prices increased just 0.1% last month in an indication inflation remains in check, the Labor Department said Tuesday.
Over the previous year, the consumer price index has risen 1.1%. The...
| Jan 6, 2014
| 6:49 AM
WASHINGTON -- Senators on Monday are expected to confirm Janet L. Yellen as the next head of the Federal Reserve, scheduling a late afternoon vote that could be the closest ever for a leader of the central bank.
Yellen, 67, a former UC Berkeley...