| 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...
| Nov 14, 2013
| 8:39 AM
WASHINGTON -- Federal Reserve chair nominee Janet L. Yellen strongly defended the central bank's stimulus efforts under questioning at her Senate confirmation hearing Thursday, saying the controversial bond-buying program has helped the economy recover....
| 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 18, 2013
| 11:15 AM
WASHINGTON -- A top Federal Reserve official said Monday he was "getting more hopeful" about the economic recovery and declared the private sector nearly healed from the Great Recession.
William C. Dudley, the president of the Federal Reserve Bank 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 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 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 24, 2013
| 5:00 AM
Back in the 1980s, when I lived in Nairobi, foreign residents had a simple way of obtaining Kenyan shillings.
They'd write a check in, say, U.S. dollars on their U.S. bank accounts to the Indian man who owned the ice cream store down the block. He'd pay...
| Nov 26, 2013
| 8:48 AM
WASHINGTON -- Profits at the nation's banks fell 3.9% in the third quarter of 2013 compared with a year earlier, the first such decline since 2009, as the industry grappled with higher interest rates that led to a drop in mortgage activity, the Federal...
| Nov 27, 2013
| 12:12 PM
Edward Hall Covell Jr., a leader in Maryland's broiler industry who owned a farm supply business and was named to the Poultry Hall of Fame, died of pneumonia Friday at the Blakehurst retirement community in Towson. The longtime Talbot County resident...
| 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,...