President Barack Obama's jobs package could lift economic growth by one to three percentage points in 2012, add well over one million jobs and lower the unemployment rate by at least half a percentage point, judging by early estimates.
Federal Reserve Chairman Ben Bernanke on Thursday said the U.S. central bank would spare no effort to boost weak growth, but to the dismay of investors stopped short of a full plunge into further monetary support.
Stocks closed sharply lower on Thursday after Federal Reserve Chairman Ben Bernanke gave no indications of new stimulus measures to boost the flagging economy in a keenly awaited speech.
From Seoul to Washington, policymakers are increasingly worried about the outlook for the global economy.
The following are highlights of Federal Reserve Chairman Ben Bernanke's speech on the economic outlook before the Economic Club of Minnesota on Thursday.
Federal Reserve Chairman Ben Bernanke said on Thursday the U.S. central bank would spare no effort to boost disappointingly weak growth and reduce unemployment, while downplaying concerns about inflation.
Federal Reserve Chairman Ben Bernanke on Thursday said the central bank would spare no effort to boost disappointingly weak growth and lower unemployment but offered no details of steps monetary policymakers might take.
Federal Reserve Chairman Ben Bernanke on Thursday said the central bank would spare no effort to boost disappointingly weak growth and lower unemployment but offered no details of steps monetary policymakers might take.
The U.S. economy may be stumbling, but it is still standing.
Stocks fell more than 1 percent on Thursday on investor disappointment that Federal Reserve Chairman Ben Bernanke gave no new details of steps policy makers might take to mend the economic recovery.
Stocks were slightly lower by early afternoon on Thursday as investors awaited a speech by Federal Reserve Chairman Ben Bernanke and one by U.S. President Barack Obama later in the day.
Stocks edged higher in choppy trade on Thursday, led by gains in the technology sector ahead of a speech by U.S. President Barack Obama laying out a major jobs package.
Stock index futures pointed to a lower open on Thursday as data showed a weaker labor market ahead of a speech by U.S. President Barack Obama detailing his plan for jobs growth.
Stocks slipped on Thursday after data showed continued softness in the labor market but a shrinking trade gap, ahead of a speech by U.S. President Barack Obama detailing his plan for jobs growth.
Stock index futures pointed to a firmer open on Wall Street on Thursday, with futures for the S&P 500, Dow Jones and Nasdaq 100 flat to 0.2 percent higher at 0916 GMT.
A rebound in Asian stocks ran out of steam Thursday as worries over the widening euro zone crisis and the faltering U.S. economy undermined investor confidence.
Republican presidential candidates met at the Ronald Reagan presidential library in Simi Valley, California, on Wednesday for a televised debate.
Republican presidential hopeful Mitt Romney said on Wednesday that if he were elected president, he would not keep Ben Bernanke as chairman of the Federal Reserve.
Anyone expecting Federal Reserve Chairman Ben Bernanke to outline bold new measures to boost flagging U.S. growth on Thursday is likely to come away disappointed.
U.S. Treasury debt prices fell on Wednesday as traders booked profits from a recent rally and higher stocks undermined the safe-haven value of U.S. government debt.
The sluggish U.S. recovery failed to gain speed in recent weeks and softened in some areas of the country, as volatile stock markets and sputtering factory activity weighed on growth, the Federal Reserve said on Wednesday.
A previous article looked at 10 positions that could make Perry unelectable once he has to win over the general electorate rather than just Republican voters. On the flip side, here are five reasons he could have a good chance.