Quantcast
Home » Topics » federal reserve (Page 2)

U.S. markets slide as government budget battle mounts

U.S. markets slid Friday, giving up much of the gains made on the Federal Reserve’s no-taper decision, as the country girded for a disruptive Washington budget and debt showdown. At the closing bell the Dow Jones Industrial Average was down 181.09 points (1.16 percent) at 15,455.56. The broad-based S&P 500…

Economists rip Ben Bernanke over Federal Reserve not cutting stimulus

Economists and market analysts on Thursday blasted Federal Reserve chief Ben Bernanke after the Fed stunned markets with its unexpected decision to not cut its stimulus. Bernanke came under fire for having stoked nearly unanimous expectations that the Fed would announce the “taper” of its $85 billion a month bond-buying…

Stocks rebound after Larry Summers takes himself out of Federal Reserve running

US stocks mostly gained on Monday helped by news that Larry Summers, perceived as in favor of tighter monetary policy, pulled out of the race to lead the Federal Reserve. The Dow Jones Industrial Average and the S&P 500 both gained, but large drops by Nasdaq giants Apple (-3.2 percent)…

U.S. stocks rally after Larry Summers’s withdrawal of Federal Reserve candidacy

US stocks Monday followed global markets higher, rallying on Larry Summers’s withdrawal as a candidate to lead the US Federal Reserve. Five minutes into trade, the Dow Jones Industrial Average jumped 148.37 (0.96 percent) to 15,524.43 The broad-based S&P 500 shot up 15.68 (0.93 percent) to 1,703.67, while the tech-rich…

Senators urge Obama to pick nation’s first female Federal Reserve chair

A group of U.S. Ssnators have sent a letter urging President Barack Obama to appoint Federal Reserve vice-chair Janet Yellen as the nation’s first female chair of the Federal Reserve bank, according to The Wall St. Journal. While the letter does not mention economist and former Treasury Secretary Larry Summers,…

Federal Reserve chief Ben Bernanke tells Congress: You’re making weak economy worse

Federal Reserve Chairman Ben Bernanke said Wednesday that the US economy needs more help from the fiscal policies that Congress controls, not just from the Fed’s own stimulus efforts. He said that the economy faces “strong headwinds created by federal…  …

Stocks hit record highs after Federal Reserve meeting

US stocks powered to new record highs Wednesday after Federal Reserve meeting minutes suggested the Fed’s easy-money policies would remain in place for a while longer. The Dow Jones Industrial Average rose 128.78 (0.88 percent) to 14,802.24, a new all-time closing high. The broad-based S&P 500 surged 19.12 (1.22 percent)…

Government foreclosure relief brings homeowners only $300 to $500

By Paul Kiel, ProPublica The government’s largest effort to compensate victims of the banks’ foreclosure practices is finally sputtering to an end. But for most of those eligible 2013 nearly three million borrowers 2013 it won’t be much of an ending: they’ll be receiving a check for $300 to $500.…

U.S. data point to soft March jobs report

Disappointing economic data raised concerns that Friday’s labor report will come in worse than expected, despite the Federal Reserve’s supersized stimulus. Private sector hiring cooled in March as the federal government launched $85 billion in “sequester” spending cuts over the next seven months in the face of congressional budget gridlock.…

U.S. economic recovery leaving Europe and Japan ‘stagnant’

A sharp fall in the unemployment rate Friday and a fresh all-time record for stocks show the US economy pulling away from its peers, gaining ground while Europe and Japan remain stagnant. The Federal Reserve’s easy-money policy and the government’s modest stimulus spending appear to be paying off, distancing the…

Page 2 of 3123
Google+