The Federal Reserve should start raising interest rates next year, a top Fed official said on Monday, arguing that many years of near-zero rates will do little to return economic output to pre-recession …
German Chancellor Angela Merkel told Greece on Monday to make up its mind fast on accepting the painful terms for a new EU/IMF bailout, but the country’s political leaders responded by delaying their decision …
Greek Finance minister Evangelos Venizelos and his eurozone colleagues are to discuss by teleconference the terms of a second multibillion-euro bailout, with talks with international creditors at a critical …
Pacific Investment Management Co.’s Bill Gross said the Federal Reserve will maintain accommodativemonetary policy and consider more asset purchases even with theU.S. employment market expanding. Gross …
Bernanke: Fed will protect U.S. economy from Europe
A third round of large-scale asset purchases by the Federal Reserve is not needed and would compound the difficulties of tightening monetary policy when the time finally comes, a top Fed official said …
New claims for unemployment benefits in the United States fell more than expected last week, pointing to further healing in the nation’s battered jobs market. Jobless claims have zig-zagged in the last …
Bernanke: Fed will protect U.S. economy from Europe
Federal Reserve Chairman Ben Bernanke on Thursday defended the U.S. central bank’s policies against charges from Republican lawmakers they risked sparking inflation, saying the economy still needs plenty …
Ben Bernanke defended the Federal Reserve’s decision to hold interest rates at record-low levels for the next three years, during a contentious hearing before federal lawmakers.The Fed chief told the House …