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• US stocks slide as Greek debt worries grow

  September 19, 2011 3:26 PM

  NEW YORK (AP) - Stocks are tumbling as investors worry that Greece won't qualify for a new installment of emergency funds in time to avoid defaulting on its debt. Investors also appear pessimistic about a Federal Reserve policy decision expected Wednesday. The Fed has hinted it might take new... more »

• Consumers borrowed more for 8th month in May

  July 8, 2011 3:14 PM

  WASHINGTON (AP) - Americans borrowed more in May for the eighth straight month and used their credit cards more for only the second time in nearly three years. The Federal Reserve says consumer borrowing rose $5.1 billion following a revised gain of $5.7 billion in April. Borrowing in the... more »

• Bernanke: Fed wrestles with size of aid program

  October 15, 2010 8:24 AM

  Federal Reserve Chairman Ben Bernanke says the central bank is prepared to take steps to rejuvenate the economy through the purchase of Treasury bonds but is wrestling with how big the program should be. Bernanke also says the Fed could use its communications powers to prevent the United States... more »

• New debit and ATM card rules begin this week

  August 16, 2010 6:51 PM

  New federal rules begin this week on debit and A.T.M. cards that may catch you off guard in the check-out line. It could be your card getting declined. If you don't have the money in your account, banks won't be letting you overdraw -- that is unless you tell... more »

• Federal regulators adopt bank bonus policy

  June 21, 2010 12:21 PM

  Federal regulators have adopted a plan to ensure that banks' pay policies don't encourage employees to take reckless gambles like those that contributed to the recent financial crisis. The plan, originally proposed by the Federal Reserve last year, was also endorsed by other key banking regulators - the Federal... more »

• Feds: banks borrowing less, credit markets improving

  May 20, 2010 6:00 PM

  The Federal Reserve says banks borrowed slightly less from the emergency lending program over the past week, further evidence that credit markets are improving. The Fed said that banks averaged $5.11 billion in daily borrowing for the week that ended Wednesday. That is down from $5.15 billion in daily... more »

• Consumer rules, Fed audit next on Senate agenda

  May 6, 2010 8:17 AM

  Disputes over consumer protections and how Congress should oversee the Federal Reserve loom as obstacles to the Senate's efforts to rein in Wall Street. Republicans have offered a weaker alternative to consumer protection measures that are central to President Barack Obama's Wall Street regulation plan. And a bipartisan group... more »

• Fed keep rates at record lows; upbeat on economy

  April 28, 2010 2:26 PM

  The Federal Reserve is sounding a more confident note that the economy is strengthening and pledges to hold rates at record lows to make sure it gains even more traction. Wrapping up a two-day meeting Wednesday, the Fed in a 9-1 decision retained its pledge to hold rates at... more »

• Fed officials: record low rates still needed

  March 31, 2010 12:34 PM

  Super-low interest rates are still needed to aid the economic recovery, but there's a chance that the Federal Reserve may have to start raising rates before the nation's unemployment rate drops significantly, a Federal Reserve official says. Dennis Lockhart, president of the Federal Reserve Bank of Atlanta, made his... more »

• Fed: Unemployment will stay high over next 2 years

  February 17, 2010 2:10 PM

  The Federal Reserve predicts unemployment will stay high over the next two years because recession-scarred Americans are likely to stay cautious making for only a moderate-paced economic recovery. Fed policymakers say it will take "some time" for the economy and the jobs market to get back to normal. And,... more »

• Senate confirms Bernanke for second term

  January 28, 2010 3:51 PM

  The Senate has confirmed Ben Bernanke for a second term as chairman of the Federal Reserve. The Senate voted 70-30 on Thursday to reappoint Bernanke amid criticism of his judgment ahead of the financial crisis and his support for massive Wall Street bailouts. His supporters credited him for engineering... more »

• Bernanke urges Congress to act now on overhaul

  October 23, 2009 9:33 AM

  Federal Reserve Chairman Ben Bernanke is prodding Congress to enact legislation overhauling the nation's financial regulatory system to prevent a repeat of the banking and credit debacles that had thrust the country into crisis. The Fed chief says: "With the financial turmoil abating, now is the time for policymakers to... more »

• Fed boss sees no rush to boost rates

  October 9, 2009 9:00 AM

  Federal Reserve Chairman Ben Bernanke sent a fresh signal yesterday that he's in no rush to reverse course and start boosting interest rates. The Fed's key bank lending rate is now at a record low near zero and will probably stay there for an "extended period," Bernanke said in a... more »

• House pushes for sweeping audit of the Fed

  September 25, 2009 12:15 PM

  House lawmakers are trying to pry open the books of the famously secretive Federal Reserve with legislation that would subject the central bank to a sweeping congressional audit. The effort is overwhelmingly bipartisan. Hardline conservatives and liberal Democrats have banded together in their criticism of the Fed as a major... more »

• Fed to decide on interest rates, offer new view of economy

  September 23, 2009 10:14 AM

  The hot topic among investors and economists is when, not whether the Federal Reserve will raise interest rates to check inflation -- but it's not likely to happen today. The Fed concludes its two-day meeting on monetary policy with analysts expecting no change. The Federal Open Market Committee is widely... more »

• For many, economic recovery still feels far off

  September 14, 2009 11:50 AM

  Sally Ly feels like she did everything right. The 29-year-old went to college at University of the Pacific in Stockton, Calif., living frugally and using student loans that she figured would more than pay for themselves down the road. Two years ago, Ly decided to leave the private... more »