| Sep 18, 2013
| 7:13 AM
WASHINGTON -- Is it taper time for the Federal Reserve?
That's the key question as the financial and economic worlds await the end of the central bank's policymaking meeting Wednesday and Fed Chairman Ben S. Bernanke's quarterly news conference.
| Sep 24, 2013
| 6:41 AM
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...
| 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...
| Sep 23, 2013
| 8:45 AM
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.
| Sep 18, 2013
| 11:19 AM
WASHINGTON -- Federal Reserve policymakers unexpectedly voted Wednesday not to alter one of the central bank’s key economic stimulus programs.
The move defied market expectations that the Fed would begin tapering its monthly purchases of $85...
| Oct 28, 2013
| 7:31 AM
WASHINGTON -- The Senate Banking Committee expects to hold a confirmation hearing in November on Janet L. Yellen's nomination to be the next head of the Federal Reserve as supporters try to get her formally in place before current Fed chief Ben S....
| Feb 10, 2014
| 8:19 AM
WASHINGTON -- Consumers last month were more optimistic their wages would rise, and expected to spend more this year, according to survey results Monday from the Federal Reserve Bank of New York.
Americans also expected inflation to slow somewhat to 3%...
| 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...
| Sep 13, 2013
| 7:16 AM
WASHINGTON -- A majority of economists and investors expect the Federal Reserve to begin scaling back a key stimulus program next week, according to two polls.
Two-thirds of economists polled by the Wall Street Journal said they expected the...
| 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....