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US Federal Reserve Governor Lael Brainard, pictured in 2019, warned that "the economy continues to face considerable uncertainty associated with the vagaries of the COVID-19 pandemic"

US Government Aid 'Essential' To Weather Downturn: Fed Official

US government aid 'essential' to weather downturn: Fed official

Virus Resurgence Poses Biggest Risk To US Economy: IMF

The US economy suffered a 37 percent collapse in GDP in the second quarter -- here, a woman walks through an empty shopping area in Washington in March 2020

The International Monetary Fund said the recovery "will require a further round of fiscal measures in the coming months that boost demand, increase health preparedness, and support the most vulnerable."

Fed Chair Warns Of 'Significant Uncertainty' Around US Recovery

US Federal Reserve Chairman Jerome Powell said minorities have been hit hardest by the economics effects of the coronavirus pandemic

Fed chair warns of 'significant uncertainty' around US recovery

Paul Volcker, who headed the US central bank from 1975 to 1987, was 92 when he died

Former Fed Chairman And Inflation Fighter Paul Volcker Dies

Paul Volcker, the man who brought down inflation at great cost, has died.

More news

Janet Yellen's Congressional Testimony: Fed Chairwoman To Take Questions On Regulatory Powers, Economic Outlook

The first-of-its-kind hearing will focus on the U.S. Federal Reserve's plans for regulating the nation's banks and overseeing its financial system.

Stephen Colbert Ratings: New ‘Late Show’ Draws Younger Eyeballs To Musty CBS

The former Comedy Central host has doubled the size of the "Late Show" youth audience, Nielsen ratings data show.

Ben Bernanke Says Individuals, Not Companies Should Have Been Punished For 2008 Recession

More Wall Street executives should have been held responsible for the 2008 financial crisis, the former Federal Reserve chairman said.

Judge’s Ruling On Government's AIG Takeover Leaves Some Bailout Questions Unanswered

Former AIG CEO Hank Greenberg prevailed against the government but received no damages in a ruling that complicates the bailout picture.

Judge's AIG Decision Delivers Victory, But No Damages, To Former CEO Hank Greenberg

The unusual ruling caps a trial that featured a high-profile list of witnesses who played indelible roles during the financial crisis.

Pimco Total Return Fund Loses World's Biggest Bond Fund Title

The Pimco Total Return Fund, launched by Bill Gross, has lost its title as the world's biggest bond mutual fund, following two years of withdrawals.

Former Federal Reserve Chairman Ben Bernanke Joins Citadel Hedge Fund

The former Federal Reserve chairman said he was aware of criticisms of the "revolving door" between Washington and Wall Street.

India Better Prepared For External Financial Shocks: IMF

The Fed, at its meeting ending Wednesday, is expected to signal an increase in its ultra-low interest rates by as soon as June.

Central Bankers Lurch From 'Whatever It Takes' To 'Whatever Next'

Financial markets are already starting to pay the price of central bank wavering and lack of cooperation with higher volatility.

End Of Fed's Stimulus Won't Settle Debate Over Its Effectiveness

Many factors contributed to the economic recovery, and the Fed's intervention is only one.

Fed Chair Janet Yellen 'Greatly' Concerned About Rising Income Inequality

The Fed chief pointed to four pillars of economic opportunity that could narrow the gap.

AIG Bailout Trial: Bernanke Testifies Insurance Giant Was On 'Brink Of Failure'

“The company was on the brink of failure,” Bernanke said.

AIG Trial: Bernanke Says Bailout Terms Were 'Additional Compensation To Taxpayers'

The AIG bailout terms were made "to minimize the windfall" to shareholders, Ben Bernanke testified.

Ben Bernanke: 'AIG Bankruptcy Would Have Been Catastrophic,' Bailout Trial Testimony Continues In Washington

Bernanke said he couldn't recall whether federal officials discussed the interest rates and fees it charged AIG in exchange for a $85 billion loan.

Treasury Secretary Tim Geithner testifies before the Senate Budget Committee on the President's Fiscal Year 2011 Budget on Capitol Hill in Washington

Geithner Blasts AIG Irresponsibility At Bailout Trial: 'The World Was Burning Around Them'

Timothy Geithner said that AIG deserved the strict treatment he handed out.

Timothy Geithner Says AIG, Citigroup, Morgan Stanley Faced 'Proportionate' Losses For Mistakes Amid Financial Collapse

Geithner said AIG executives had 'taken imprudent risks.'

AIG Bailout Trial: Timothy Geithner Returns To Court, Blames AIG Management for Company Failures

Timothy Geithner returned to federal court Wednesday in a trial over the federal government's handling of the AIG bailout.

Ben Bernanke Has Money Troubles: 'Mortgage Market So Tight I Can't Refinance My Home'

The former federal reserve chairman made the remarks at a conference in Chicago.

Former AIG CEO Maurice Greenberg's Lawsuit Against US Government Goes To Trial

Maurice Greenberg claims that the terms of the $182 billion bailout of AIG were too onerous and harmed shareholders.

Yellen Speech Full Text: US Economy Is Inching Closer To Fed Goals

Fed Chair Janet Yellen opened the Jackson Hole conference on Friday.

Yellen Speech: Why Millions Of Americans' Jobs Depend On New Fed Chair's Debut At Jackson Hole Fed Conference 2014

Federal Reserve Chair Janet Yellen's speech this Friday at an economics conference in Wyoming could have big implications for the U.S. economy.

Federal Reserve System: Did Janet Yellen Interrupt A Stock Market Correction?

Martha Stokes, CMT, CEO of TechniTrader, discussed whether Federal Reserve Chair Janet Yellen interrupted a stock market correction.

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