| 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...
| Aug 2, 2013
| 11:34 AM
WASHINGTON -- A top Federal Reserve official indicated Friday that he was not prepared to start reducing the central bank's bond-buying stimulus program soon, saying policymakers needed to see more economic data before making a decision.
| Aug 5, 2013
| 11:36 AM
WASHINGTON -- Federal Reserve policymakers must “gird our loins” to start tapering the central bank’s bond-buying program this fall after the drop in the unemployment rate to 7.4%, a top official said Monday.
| Aug 6, 2013
| 8:05 AM
WASHINGTON -- The heated public debate over who should be the next head of the Federal Reserve risks hurting the nation's economy and President Obama should make a decision soon to end the "circus-like atmosphere," said Pimco chief executive Mohamed El-...
| Aug 7, 2013
| 7:28 AM
WASHINGTON -- The Bank of England on Wednesday said it would maintain its stimulus program until the unemployment rate falls to 7%, following the same strategy as the U.S. Federal Reserve in providing an explicit target for when it would raise interest...
| Aug 7, 2013
| 11:44 AM
An unusual but fierce campaign over who President Obama should appoint as the next Federal Reserve chair has had Washington in a tizzy as of late.
Will it be former Treasury Secretary Larry H. Summers or Fed Vice Chair Janet L. Yellen?
| Aug 8, 2013
| 7:57 AM
WASHINGTON -- Initial jobless claims rose slightly last week to 333,000 but the average over the past month dropped to its lowest level since 2007, the Labor Department said Thursday.
The number of people filing for first-time unemployment benefits in...
| Aug 9, 2013
| 7:51 AM
WASHINGTON -- The president of the Federal Reserve Bank of Cleveland, Sandra Pianalto, will step down early next year, creating another vacancy among central bank policymakers as they grapple with reducing their stimulus efforts.
The head of the...
| Aug 9, 2013
| 6:23 PM
WASHINGTON — President Obama praised Lawrence H. Summers and Janet L. Yellen as "highly qualified" to be the next Federal Reserve chief, but said he had a "range of outstanding candidates" and reiterated that he would not make a decision until the...
| Aug 15, 2013
| 5:59 PM
NEW YORK — Encouraging signs for the labor market caused alarm on Wall Street as investors sped up a broad sell-off, fueled by worries the Federal Reserve will soon scale back its stimulus.
Major U.S. indexes closed sharply lower Thursday as yet...
| Aug 16, 2013
| 1:10 PM
Victor "Vic" Turyn, a retired Federal Bureau of Investigation and Federal Reserve Bank of Richmond official who had been an outstanding quarterback at College Park in the late 1940s, died Aug. 11 of heart failure at his Ellicott City home. He was 91....