Key housing sector data may provide direction for Wall Street in the coming week as the market looks for confirmation of economic recovery ...
WASHINGTON (Reuters) - The Senate Banking Committee said on Friday it will hold a hearing on Federal Reserve Chairman Ben Bernanke's renomination to ...
WASHINGTON/PARIS (Reuters) - Senior U.S. Federal Reserve officials said on Thursday inflation is not an immediate threat as a weak economic recovery and a grim outlook for jobs keep price pressures in check. Charles Plosser, head of the Federal Reserve Bank of ...
WASHINGTON (Reuters) - A U.S. congressional panel on Thursday approved a measure to open the Federal Reserve's monetary policy decisions to government audits, a surprise blow to the central bank's efforts to shield its independence and a signal of frustration with the ...
Commercial banks reduce borrowing from Federal Reserve's emergency lending program Banks borrowed slightly less from the Federal Reserve's emergency lending program over the past week, but increased their use of other credit programs designed to ease the financial crisis. The Fed said ...
House panel wants Federal Reserve's books scrutinized The House Financial Services Committee has voted to pull the curtain on the normally secretive Federal Reserve by subjecting the nation's central bank to a sweeping congressional audit. The provision would direct the Government Accountability ...
WASHINGTON (Reuters) - Manufacturing activity in the U.S. Mid-Atlantic region hit a two-year high in November, indicating the economic recovery was gaining momentum, while the trend in claims for jobless aid continued downward. The factory survey from the Philadelphia Federal Reserve Bank ...
HONG KONG/SINGAPORE (Reuters) - Federal Reserve officials on Thursday downplayed the consequences of the falling U.S. dollar, underscoring that deflation is still a threat, especially with commercial real estate prices falling. Dallas Fed President Richard Fisher said in an interview with Market ...
Business Highlights Weak home building a drag on economic recovery WASHINGTON — The budding economic recovery isn't getting much help from the home-building industry, which normally creates jobs and drives growth when a recession ends. Uncertainty over whether a homebuyer tax credit ...
Lawmakers demand audit, greater transparency from Fed after report criticizing AIG bailout A group of House Democrats are stepping up demands for greater transparency from the Federal Reserve after reports that the Fed mishandled the bailout of insurance giant American International Group ...
WASHINGTON (Reuters) - Construction of new homes in the United States hit a six month low in October, providing more evidence of the economy's sluggish recovery, while a surge in the cost of new and used vehicles lifted consumer prices. The data ...
ST. LOUIS (Reuters) - A senior Federal Reserve official said on Wednesday the U.S. central bank may start tightening financial conditions by adjusting its extensive asset purchase programs rather than raising interest rates. "The market's focus on interest rates is disappointing, given ...
