WASHINGTON — Despite signs of improvement in the job market, the chairman of the Federal Reserve, Ben S. Bernanke, and most other Fed officials signaled Wednesday that they remained cautious about easing ... Read more
WASHINGTON — Despite recent improvement in the job market, the Federal Reserve needs to continue its stimulus efforts to avoid endangering the recovery, the Fed chairman, Ben S. Bernanke, told Congress on ... Read more
Congress now has an array of legislative options to prevent the interest rate on student loans from doubling to 6.8 percent on July 1, as scheduled. With student loans topping $1.1 trillion — ... Read more
IT’S a ho-hum economy, at best. Four years after the end of the Great Recession, gross domestic product appears to be growing at a lackluster pace, labor productivity is lagging and, despite a slight ... Read more
BRATISLAVA, Slovakia — The European Central Bank cut its benchmark interest rate to a record low on Thursday. But its president, Mario Draghi, indicated that his promise last year to do “whatever it ... Read more
BRATISLAVA, Slovakia — The European Central Bank cut its benchmark interest rate to a record low on Thursday, but remained unwilling to deploy more powerful weapons that many economists say are needed to ... Read more
Stocks rose on Thursday on strong job market data and hopes the first rate cut by the European Central Bank in 10 months would help shore up the euro zone economy. In afternoon trading the Standard ... Read more
BRATISLAVA, Slovakia — The European Central Bank cut its benchmark interest rate to a record low on Thursday, but remained unwilling to deploy more powerful weapons that many economists say are needed to ... Read more
WASHINGTON — In July 1996, the Federal Reserve broke the metronomic routine of its closed-door policy-making meetings to hold an unusual debate. The Fed’s powerful chairman, Alan Greenspan, saw a ... Read more
WASHINGTON (AP) — The International Monetary Fund is urging the Federal Reserve and other central banks to closely monitor their extraordinary efforts to jump-start economic growth, warning that the policies ... Read more