11/19/13 08:30 PM
WASHINGTON (AP) — Ben Bernanke offered a broad defense Tuesday of the Federal Reserve's policies under his leadership a little over two months before his eight-year tenure ends. Bernanke said the Great Recession made it essential for the Fed to become more publicly transparent so it could...
By Joseph Lawler | 11/19/13 08:12 PM
With only a few more public appearances left as chairman of the Federal Reserve, Ben Bernanke is trying to ensure that the stimulus he’s put in place comes to a smooth finish, whether on his watch or his successor's.
11/19/13 07:15 PM
WASHINGTON (AP) — Janet Yellen says a "strong majority" of Federal Reserve officials think the Fed's low-interest-rate policies have supported a still-recovering U.S. economy. Responding to questions from members of the Senate Banking Committee, Yellen said the U.S. economy would likely be...
By Joseph Lawler | 11/18/13 07:35 PM
Monday was a day of successes for the digital payments system Bitcoin as its value soared and it gained a cautious green light from federal regulators. The price of a Bitcoin soared to nearly $680 after an afternoon hearing before the Senate homeland security committee focused on digital...
11/18/13 09:43 AM
The U.S. now has the strongest economy among industrialized nations, which would be its highest rank since 2000, according to David Woo, the New York-based global head of interest rate and currency strategy at Bank of America Corp.
By Joseph Lawler | 11/18/13 09:24 AM
Congress will turn its attention to the digital currency Bitcoin this week just as its value explodes. The price of a Bitcoin in dollars has jumped from around $200 at the beginning of the month to near $600 now. Some observers thought that the fledgling cryptocurrency could be in trouble in...
11/18/13 09:22 AM
While payrolls have increased and firings slowed, four measures -- unemployment, labor force participation and rates on hiring and voluntary quits -- are still worse than at the start of the recession in December 2007.
By Joseph Lawler | 11/14/13 07:27 PM
A report from the Government Accountability Office released Thursday finds that the Federal Reserve offered banks bailout loans at below-market interest rates during the crisis, and that the central bank hasn't moved to finalize the regulations it is required to implement to avoid such bailouts...
By Joseph Lawler | 11/14/13 01:20 PM
With the rest of Washington focused on a health care speech from President Obama, Janet Yellen appeared before the Senate Banking Committee Thursday morning for a hearing on her nomination to be Federal Reserve chairman.
By Joseph Lawler | 11/14/13 10:36 AM
The U.S. government has saved more than $1 trillion in debt since 2007 because of the actions taken by the Federal Reserve to stimulate the economy, a new report from the McKinsey Global Institute finds. By keeping short-term rates near zero and engaging in large-scale asset purchases known as...
By Philip Klein | 12/05/13
By Richard Pollock | 12/06/13
By Michael Barone | 12/06/13
By Timothy P. Carney | 11/26/13
By Byron York | 12/08/13