To say it's been a discomforting summer for U.S. stock investors would be an understatement. The Dow has been on a wild ride, with large market drops followed by sudden reversals. Look for market choppiness to continue until investors determine whether the Fed's latest monetary policy decision will be enough to rev-up U.S. GDP growth.
Republican presidential candidate and Texas governor Rick Perry has shown a flair for putting his foot in his mouth -- or someone else's mouth. He suggested Fed Chairman Ben Bernanke is treasonous. He once suggested the BP oil spill might have been an act of God instead of corporate errors. Here's 10 things Perry might say if elected President.
Presidential hopeful Rick Perry's brash appeal to the Republican Party's fiscally conservative base may fall flat with big donors who favor a more moderate candidate to challenge President Barack Obama in the 2012 election.
Here's 10 potential isms from would-be President Rick Perry (in jest, of course).
Gold rose 1.5 percent on Friday, setting a record high for a second straight day and heading for its biggest one-week gain in 2-1/2 years on worries about stalled U.S. growth and Europe's debt crisis.
If Gov. Rick Perry, R-Texas and candidate for the 2012 Republican presidential nomination, is trying to show that he's qualified to lead an enlightened, diverse, complex society amid a period of economic, social, and technological change, he's doing an awful bad impression.
For presidential hopefuls in a campaign that is all about the U.S. economy, the Republican contenders have offered few clear plans for what they would do to get the country's finances back on track.
China will skip next week's annual conference of central bankers in Jackson Hole, Wyoming, two sources familiar with the situation told Reuters on Friday.
White House hopeful Rick Perry has at least some supporters in the Democratic stronghold of Chicago -- President Barack Obama's re-election team.
The Federal Reserve will do what it feels is best for the economy, regardless of any political heat, a top Fed official said on Wednesday.
The Federal Reserve will do what it feels is best for the economy, regardless of any political heat, a top Fed official said on Wednesday.
U.S. wholesale prices outside of food and fuel rose at the fastest pace in six months in July as costs for tobacco and light trucks jumped, but weak consumer demand was seen keeping inflation in check at the factory gate.
Three U.S. Federal Reserve officials on Wednesday offered sharply differing reasons for opposing the Fed's move to freeze interest rates for two years, suggesting there is no unified revolt within Fed ranks over policy.
However, he is impressed by the latest entrant, Texas governor Rick Perry.
U.S. wholesale prices outside of food and fuel rose at the fastest pace in six months in July as costs for tobacco and light trucks jumped, but weak domestic demand was seen keeping inflation pressures in check.
Rick Perry said if ?[Bernanke] prints more money between now and the [2012 presidential] election,? it would ?almost be treasonous.? Perry made the comments on Monday at an Iowa campaign event.
The Federal Reserve has no business easing monetary policy further when the real problem facing the economy is fiscal mismanagement in Washington, a top Fed official said on Wednesday.
Core producer prices rose at their fastest pace in six months in July on strong tobacco and light truck costs, though weak domestic demand was seen keeping inflation pressures under control.
Perry is a favorite among social conservatives, including the Tea Party
Core producer prices rose at their fastest pace in six months in July on strong tobacco and light truck costs, though weak domestic demand was seen keeping inflation pressures under control.
The Federal Reserve's recent promise to keep rates low for another two years was inappropriate policy at an inappropriate time, while its statement on the economy was excessively negative, a top Fed policymaker said on Wednesday.
World equities rose on Wednesday, lifted by strong outlooks and results from U.S. retailers, while crude oil gained on a larger-than-expected decline in U.S. gasoline supplies.