Federal Reserve

As stocks hit new highs, is the market overheating?

2013-05-20 08:44:00

NEW YORK -- Wall Street will be watching Ben Bernanke's testimony before Congress on Wednesday, hoping the Federal Reserve chairman will offer clues as to when the central bank may begin turning off its spigot of easy money. Investors will also be...

Sen. Warren goads Fed, SEC, DOJ to explain no-fault bank deals

2013-05-14 15:45:00

Sen. Elizabeth Warren, having chastised bank regulators for failing to put Wall Street giants on trial, is demanding to see any analyses that the U.S. Department of Justice, the Federal Reserve and the Securities and Exchange Commission have conducted...

Are your mortgage modification terms worth continuing payments?

2013-05-10 21:29:00

Financially strapped homeowners who are close to foreclosure may want to face the music now rather than continuing to struggle with their monthly payments. There's a high probability of losing the house anyway, even with the government's help. According...

Bloomberg in damage-control mode over client snooping

2013-05-14 00:00:00

Officials at Bloomberg, the New York financial news and information service, scrambled to deal with an unfolding customer privacy scandal after admitting its journalists had snooped on business clients for years through its network of terminals ubiquitous...

Europe could drop interest rate below zero on excess bank deposits

2013-05-13 08:27:00

WASHINGTON -- The European Central Bank could reduce the interest rate it pays on excess bank deposits to below zero to boost growth in the recession-plagued region, a top official said. The comments over the weekend by Italian Central Bank chief...

Consumer prices fall 0.4% on cheaper gas

2013-05-16 06:23:21

A sharp fall in the cost of gas drove a measure of U.S. consumer prices down last month by the most since December 2008. Outside the drop in fuel costs, prices were largely unchanged. The consumer price index fell 0.4 percent in April from March, the...

Bloomberg CEO admits 'mistake' in snooping scandal

2013-05-13 09:34:00

Bloomberg Chief Executive Daniel L. Doctoroff admitted that giving its journalists access to some subscriber information for its data terminals was "a mistake." The company went into damage control mode last week shortly after it disclosed that...

Sen. Rand Paul laying groundwork for possible presidential run

2013-05-11 22:05:00

CEDAR RAPIDS, Iowa — If he runs for president, says Sen. Rand Paul (R-Ky.), he wants to be considered on his own merits. But when he brought his fledgling campaign to Iowa this weekend, there was no escaping the double-edged legacy of the man he's...

Letters: Sen. Warren speaks up

2013-05-15 00:00:00

Re "Warren upends bankers, tradition," May 11 As the newest member of the Senate Banking Committee, Sen. Elizabeth Warren (D-Mass.) is a breath of fresh air. Finally, there's a voice in Washington for the people and a staunch advocate for consumers....

Stock prices flat as manufacturing softens

2013-05-15 07:31:00

A report of slowing manufacturing is getting the stock market off to weak start Wednesday.� News that Europe's economic slump dragged France into a recession also weighed on markets.� A half-hour after the opening bell, the Dow Jones industrial...

Lower energy and food costs fuel big drop in wholesale prices

2013-05-15 07:37:00

WASHINGTON -- Big drops in the cost of food and energy pushed wholesale prices down 0.7% in April, the largest monthly decline in more than three years, the Labor Department said Wednesday. The slide in the producer price index, the largest since...

Families reduced their debt load in first quarter to 2006 level

2013-05-14 09:55:00

WASHINGTON -- American families reduced their debt load in the first three months of the year by 1%, bringing it down to pre-recession levels after an uptick in the last quarter of 2012, the Federal Reserve said Tuesday. Outstanding household debt,...

Jeffrey Lacker, president of the Federal Reserve Bank of Richmond, speaks during an interview.

2013-05-15 00:00:00

Treasury Secretary Jack Lew (R) speaks with Federal Reserve Chairman Ben Bernanke during an open session of the Financial Stability Oversight Council last month in Washington.

2013-05-10 08:12:00

The Federal Reserve building in Washington D.C.

2013-05-01 00:00:00