Central Bank

Bernanke warns against scaling back Fed stimulus too soon

2013-05-22 08:20:00

WASHINGTON -- Federal Reserve Chairman Ben S. Bernanke said Wednesday that the central bank could start scaling back its stimulus program in the next few months, but warned against acting too quickly and harming the still-weak economic recovery. The key...

Stocks rise on Fed stimulus hopes, home sales

2013-05-22 08:55:00

Stocks are moving higher Wednesday after Federal Reserve Chairman Ben Bernanke said it was too soon for the central bank to pull back on its economic stimulus programs. Investors were also encouraged by news that sales of previously-occupied U.S....

Fed's Dudley says decision on stimulus pullback still months away

2013-05-22 06:34:00

WASHINGTON — A top Federal Reserve official said Wednesday that a decision on reducing the central bank's unprecedented economic stimulus efforts still is three to four months away as policymakers first must determine if the recovery is strong...

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...

Eurozone economy shrinks in first quarter, marking longest recession

2013-05-15 06:17:00

WASHINGTON -- The Eurozone economy contracted 0.2% in the first three months of the year compared with the previous quarter, marking the region's longest recession since its single currency was created in 1999. The 17-nation Eurozone now has been in...

Stock market rises back into record territory

2013-05-14 14:48:00

The stock market marched back into record territory as investors seized on the latest encouraging news about the economy. On Tuesday, it was a report on the health of small businesses. Small business owners were slightly more optimistic in April,...

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...

Warren Buffett says economy slowly improving, calls Bernanke 'gutsy'

2013-05-06 05:31:00

WASHINGTON -- Billionaire investor Warren Buffett said he sees the economy slowly improving and hailed Federal Reserve Chairman Ben S. Bernanke as "gutsy" for the actions the central bank has taken to boost growth. Buffett told CNBC on Monday that he...

European Central Bank cuts key interest rate to fight recession

2013-05-02 06:12:00

WASHINGTON -- The European Central Bank on Thursday lowered its key interest rate to a record low level in an effort to spur economic growth in the recession-plagued Eurozone. The central bank's policymakers lowered its main refinancing rate by 0.25...

Fed is open to altering bond policy

2013-05-01 18:45:00

WASHINGTON — Federal Reserve policymakers signaled for the first time that they could "increase or reduce" their controversial efforts to stimulate the economy in the future, but for now they're holding pat. After a two-day policy meeting, the...

Federal Reserve officials stay course on stimulus, interest rates

2013-05-01 11:21:00

WASHINGTON -- Federal Reserve policymakers said Wednesday they would continue their stimulus efforts and hold steady on rock-bottom interest rates, but announced no new actions as the economy appeared headed for another spring slowdown. After a two-...

St. Joseph High School's team won the Federal Reserve Bank of Chicago's Midwest Fed Challenge Competition. It was the team's fourth win. Pictured, from left, in the front row are Michael Oei, coach Julie Chismar, coach Phil DePauw and Nolan Liu.

2013-05-19 03:07:00

United Central Bank in Downers Grove was robbed this morning.

2013-01-03 18:08:00

Nearly 12% of people age 40 to 49 have fallen behind on their student-loan payments by 90 days or more, according to the Federal Reserve Bank of New York. Above, students at Centenary College's graduation ceremony in Hackettstown, N.J., in May.

2012-07-17 16:51:00