March 26, 2012 in Grand Forks Herald
Stocks leapt to one of their biggest gains of the year today after Federal Reserve Chairman Ben Bernanke suggested that the economy still needs help to produce faster job growth.
Continue Reading
February 2, 2012 in Grand Forks Herald
Federal Reserve chairman Ben Bernanke is urging lawmakers to balance their desire to cut deficits with policies that could help boost the weak economy in the short run. Continue Reading
January 25, 2012 in Grand Forks Herald
The Fed said it’s unlikely to raise its benchmark interest rate before late 2014, extending its time frame by at least a year and a half. The Fed said record-low rates are still needed to help boost an improving but still sluggish economy. Continue Reading
January 11, 2012 in Grand Forks Herald
The final weeks of 2011 were the economy’s strongest since it appeared to be slipping toward recession in late spring. Consumers spent more freely, factories made more goods, Americans stepped up travel and the auto industry enjoyed its best stretch of the year. Continue Reading
January 3, 2012 in Grand Forks Herald
In a major shift, the Federal Reserve will start updating the public four times a year on how long it plans to keep short-term interest rates at record lows, according to minutes from its December policy meeting. The first forecast will be included in the central bank’s economic projections after its Jan. 24-25 meeting, the minutes said. Continue Reading
December 27, 2011 in Grand Forks Herald
A vacationing President Barack Obama today nominated a Harvard University professor and a former Treasury official under President George H.W. Bush a Democrat and a Republican to the Federal Reserve Board of Governors. Continue Reading
December 13, 2011 in Grand Forks Herald
A late afternoon slide pulled stock indexes lower after the Federal Reserve held off on any new steps to boost the economy. The Fed cautioned that strains in global financial markets still pose a danger, a nod to Europe’s debt crisis. Continue Reading
December 12, 2011 in Grand Forks Herald
A Fed policy meeting Tuesday will likely focus, in part, on an evolving plan to reveal the direction of interest rates more explicitly. The Fed may decide, for example, to regularly update the public on how long it plans to keep short-term rates at record lows. The new communications strategy could be unveiled as soon as next month. The new communications strategy could be unveiled as soon as next month.
Continue Reading
November 30, 2011 in Grand Forks Herald
A move by the world’s central banks to lower the cost of borrowing exhilarated investors today, sending Wall Street soaring 400 points and easing fears of a global credit crisis similar to the one that followed the 2008 collapse of Lehman Brothers. Continue Reading
November 30, 2011 in Grand Forks Herald
Major central banks around the globe, including the U.S. Federal Reserve and the central banks of Canada, took coordinated action today to ease the strains on the world’s financial system, saying they would make it easier for banks to get dollars if they need them. Stock markets and the euro rose sharply on the move.
Continue Reading
To start connecting please log in first. You can also create an account.
Most Discussed This Week