U.S. stocks surged Thursday after the Federal Reserve unveiled a long-awaited package of aggressive steps to spur economic growth.
The Federal Reserve says it will likely keep interest rates at record lows for the next two years after acknowledging that the economy is weaker than it had thought, with increasing risks.
Stocks rose sharply Thursday, one day after the Federal Reserve announced a $600 billion plan to stimulate the economy. The Dow Jones industrial average rose 199.51, or 1.7 percent, to 11,414.82 in afternoon trading, a […]
The Federal Reserve announced a bold plan Wednesday to try to invigorate the economy by buying $600 billion more in Treasury bonds. The Fed said it would buy about $75 billion a month in long-term […]
Federal banking regulators are examining whether mortgage companies cut corners on their own procedures when they moved to foreclose on people’s homes, Federal Reserve Chairman Ben Bernanke said Monday.
The euro moved above $1.39 Wednesday for the first time since February, while the yen struck a 15-year high. The dollar is sliding broadly because investors expect that the Federal Reserve will increase its support […]
The Federal Reserve offered a dim view of the economy Tuesday and signaled it’s prepared to provide new relief if necessary.
Americans’ long journey to regain the wealth they lost in the recession is stalled.
Federal Reserve Chairman Ben Bernanke said Friday that the Fed will consider making another large-scale purchase of securities if the slowing economy were to deteriorate significantly and signs of deflation were to flare.
More worried about the recovery, the Federal Reserve took a small step Tuesday to bolster the economy.