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Ben Bernanke said the stagnation of the labor market was of "grave concern."
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Mitt Romney's new running mate has authored some provocative policy proposals to cut budget deficits and overhaul Social Security, Medicare and Medicaid. But Rep. Paul Ryan has also been an advocate for a different course for the Federal Reserve.
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Federal Reserve Chairman Ben Bernanke told a conference of economists on Monday that despite data pointing to an economic recovery, many people still feel stressed. He said the economic well-being of Americans is the Fed's ultimate objective — that is, the sense that things are going well.
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The Federal Reserve chairman sees reasons for growth to continue. But he warns that automatic spending cuts and the expiration of the so-called Bush tax cuts threaten to derail the recovery.
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The Federal Reserve chairman talks about the outlook for the economy this morning. Investors will listen closely for clues to the Fed's plans.
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The Federal Reserve chairman said another round of federal stimulus remains on the table.
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Policymakers at the Federal Reserve wrap up a two-day meeting Wednesday and will explain what they plan to do about interest rates. The consensus seems to be they'll keep short-term rates near zero to help support the lagging economy.
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Five years ago, Federal Reserve head Ben Bernanke said the housing sector wasn't a major economic concern. In fact, most experts failed to see the looming subprime mortgage crisis that sank the U.S. economy. If they were so wrong about the Great Recession, it's possible they could also be blind to a "Great Recovery."
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Republicans say the dire warnings issued by Democrats if the nation’s debt limit isn’t raised are just “scare tactics”.But during a banking committee…