By Joseph Lawler | 12/12/13 03:39 PM
The Federal Reserve struck a blow Thursday in favor of the dollar bill, saying that replacing it with a coin would lose the government money and raise costs for businesses. In past years, some lawmakers, such as Sens. Tom Harkin, D-Iowa, and John McCain, R-Ariz., have introduce bills to phase...
12/12/13 09:36 AM
More than 2 million unemployed Americans are at risk of losing their jobless benefits over the next three months. That threatens to undermine the unemployment rate as an anchor for future Federal Reserve action.
By Joseph Lawler | 12/11/13 03:00 PM
Former Bank of Israel governor Stanley Fischer is President Obama's top choice for vice chairman of the Federal Reserve, according to numerous reports. It was first reported on Israeli television Wednesday afternoon that the White House favored the 70-year-old dual citizen of the U.S. and...
By Joseph Lawler | 12/10/13 03:12 PM
The Volcker Rule, a creation of the 2010 Dodd-Frank financial regulation overhaul, faced its last step before taking effect on Tuesday, when five federal regulatory agencies voted on its approval.
12/09/13 11:07 PM
(www.nasdaq.com) Investing.com - A decision by the Federal Reserve to begin tapering the pace of its monthly asset purchases will become increasingly likely if the.
By Joseph Lawler | 12/06/13 01:59 PM
Federal Reserve Chairman Ben Bernanke in June outlined the planned scenario for bringing an end to quantitative easing. The Fed would begin reducing its monthly bond purchases from $85 billion "later this year," Bernanke said, and ultimately would phase out the program altogether to coincide...
By Joseph Lawler | 12/06/13 12:28 PM
U.S. labor markets continued to show resilience in November, adding 203,000 jobs as the unemployment rate fell from 7.3 percent to 7.0 percent. Friday’s report from the Bureau of Labor Statistics shows job growth slightly higher than last month, and the unemployment rate drifting down close...
By Joseph Lawler | 12/06/13 11:54 AM
Three years after the passage of the landmark Dodd-Frank financial reform law, regulators are rushing to finish writing the rules for one of its key provisions: the Volcker Rule. Boosters see the rule, which would restrict investment banks from engaging in speculative trading on their own behalf...
By Joseph Lawler | 12/05/13 11:26 AM
Treasury Secretary Jack Lew declared victory in ridding the financial system of banks that are too big to fail Thursday morning, following up on a promise he made earlier in the year to ensure that no banks remained in a position to receive taxpayer bailouts if they collapse. In a speech at...
By Joseph Lawler | 12/02/13 08:59 AM
A slew of economic data coming out this week will answer the question of how well the U.S. has survived the government shutdown and debt limit fights -- and, possibly, what the Federal Reserve will do in response. The number-one economic indicator, the jobs report, is due out Friday morning...
By Paul Bedard | 12/12/13
By David Freddoso | 12/12/13
By Charles Hoskinson | 12/12/13
By Brian Hughes | 12/12/13
By Philip Klein | 12/11/13