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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 78-88
  • Fed nominee Janet Yellen's confirmation hearing expected in November

    Fed nominee Janet Yellen's confirmation hearing expected in November
    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....
  • Shutdown likely delays stimulus taper a few months, Fed official says

    Shutdown likely delays stimulus taper a few months, Fed official says
    WASHINGTON -- A top Federal Reserve policymaker said Monday the central bank was unlikely to start reducing a key stimulus program for "a few months" because the partial government shutdown has muddied the economic picture. Charles Evans, president of...
  • Bank profits fell in the third quarter amid higher mortgage rates

    Bank profits fell in the third quarter amid higher mortgage rates
    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...
  • Federal Reserve again reduces bond purchases, keeps key rate near zero

    Federal Reserve again reduces bond purchases, keeps key rate near zero
    WASHINGTON -- Federal Reserve policymakers voted Wednesday to continue reducing their bond-buying stimulus program and said they no longer would consider raising its near-zero interest rate once the unemployment rate fell below 6.5%. The Federal Open...
  • Stocks plunge on fears over emerging markets

    Stocks plunge on fears over emerging markets
    NEW YORK — Wall Street took a drubbing for the second straight day as investors worry that an economic slowdown in emerging markets could trigger a correction in stocks. The Dow Jones industrial average suffered a drop of 318.24 points Friday, the...
  • Fed's Dudley more hopeful on economy, says private sector nearly healed

    Fed's Dudley more hopeful on economy, says private sector nearly healed
    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...
  • Fed cements tapering with another cut in bond-buying stimulus

    Fed cements tapering with another cut in bond-buying stimulus
    WASHINGTON — Shrugging off the recent turbulence in financial markets, the Federal Reserve gave an upbeat take on the U.S. economy and went through with a second straight cut to its large bond-buying stimulus program. Although the decision to...
  • Good riddance to Bernanke's tight-money policies

    Good riddance to Bernanke's tight-money policies
    The Wall Street Journal is on the hard-money side of the debate over recent monetary policy. But its editorial on the departure of Ben S. Bernanke as chairman of the Federal Reserve articulated a conventional wisdom that transcends that debate. The...
  • 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...
  • Janet Yellen defends Fed stimulus efforts at confirmation hearing

    Janet Yellen defends Fed stimulus efforts at confirmation hearing
    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....
  • Major bitcoin exchange crashes, takes bitcoin prices with it

    Bitcoin prices have crashed over the last few days--again!--this time because Mt. Gox, a major bitcoin exchange headquartered in Tokyo, abruptly announced it was suspending all withdrawals for "technical" reasons. Mt. Gox said the suspension was...