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Bernanke cautions about budget shocks next year
Federal Reserve Chairman Ben Bernanke is urging senators to resolve debates over tax cuts that expire this month and at the end of the year, saying uncertainty around both could slow the economy.Bernanke tells a Senate panel that he agrees with an analysis by the Congressional Budget Office that growth would slow to 1.1 percent next year if the so-called Bush tax cuts expire. He also says the economy
Federal Reserve Chairman Ben Bernanke is urging senators to resolve debates over tax cuts that expire this month and at the end of the year, saying uncertainty around both could slow the economy.Bernanke tells a Senate panel that he agrees with an analysis by the Congressional Budget Office that growth would slow to 1.1 percent next year if the so-called Bush tax cuts expire. He also says the economy
US employment growth up, jobless rate drops to 8.3%
The economy created jobs at the fastest pace in nine months in January and the unemployment rate dropped to a near three-year low of 8.3 per cent, indicating last quarter’s growth carried
Bernanke has 'finger on trigger' for new bond buys
The Federal Reserve has moved closer to embarking on a new round of its controversial money-pumping after the central bank and its chairman Ben Bernanke highlighted a grim outlook for the U.S.
The Federal Reserve has moved closer to embarking on a new round of its controversial money-pumping after the central bank and its chairman Ben Bernanke highlighted a grim outlook for the U.S.
Bernanke has 'finger on trigger'
Opens door for Fed to return to buying securities to buttress a weak recovery and keep inflation from slipping below 2% target.
Opens door for Fed to return to buying securities to buttress a weak recovery and keep inflation from slipping below 2% target.
Steering locked
The US Federal Reserve could be setting itself up for an uncomfortable surprise. It extended its commitment to keep interest rates near zero, from about 18 months to three years on Wednesday. Job
Crazy chameleon
Plenty of American conservatives are unenthused about the field of Republican presidential candidates for 2012. But some of the contenders should actually worry Wall Street. In particular, former
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