FEDERAL RESERVE

Signs the recovery is gaining strength suggest the Federal Reserve may not need to buy any more bonds to spur growth, a top policymaker said on Saturday.

Signs the U.S. recovery is gaining strength indicate the Federal Reserve may not need to buy any more bonds to spur growth, James Bullard, president of the Federal Reserve Bank of St. Louis, said on Saturday: I don't think it's very likely right now because the tone of the data has been pretty strong recently.

Central bank actions work better than tax and spending measures to protect an economy from shocks, even when interest rates are at rock bottom levels, St. Louis Federal Reserve President James Bullard said on Saturday.

Federal Reserve Governor Sarah Bloom Raskin on Saturday said the Fed must impose monetary penalties on banks who entered into an April agreement with regulators over how to fix problems in their mortgage servicing businesses.

Federal Reserve Gov. Sarah Bloom Raskin said on Saturday the Fed must impose monetary penalties on banks that entered into an April agreement with regulators over how to fix problems in their mortgage-servicing businesses.

Three top Federal Reserve officials aggressively pushed on Friday for more stimulus for the U.S. housing market, saying the government should be looking at ways to help the sector for the purpose of speeding the country's economic recovery.

U.S. employment growth accelerated last month and the jobless rate dropped to a near three-year low of 8.5 percent, the strongest evidence yet the country's economic recovery is gaining steam.

U.S. employment growth accelerated last month and the jobless rate dropped to a near three-year low of 8.5 percent, the strongest evidence yet the economic recovery is gaining steam.

Three top Federal Reserve officials aggressively pushed on Friday for more stimulus for the U.S. housing market, saying that other government policymakers as well as the central bank should be looking at ways to help the sector in order to speed the economic recovery.

Central bankers are approaching a deal to set an explicit inflation target, a top Federal Reserve official said, part of a campaign to boost the economy by guiding expectations on interest rate policy.

Employment growth accelerated last month and the jobless rate dropped to a near three-year low of 8.5 percent, the strongest evidence yet the economic recovery is gaining steam.

Two top Federal Reserve officials on Friday pushed the case for more stimulus from the U.S. central bank to help the economic recovery, each zeroing in on the country's weak housing market.

The Federal Reserve predicts student loan debt will pass the $1 trillion mark this year. Students are taking out twice as much as they did 10 years ago (even after adjusting for inflation) and can't pay it back. From politicians to protesters, Americans are offering solutions to this seemingly impossible problem.

Employment grew solidly last month and the jobless rate dropped to a near three-year low of 8.5 percent, offering the strongest evidence yet of an acceleration in economic activity.

Bank of America Corp shares surged more than 7 percent on Thursday, outpacing other U.S. banks on a day of positive job news.

The Federal Reserve released a report on Wednesday that called for changes to foreclosure processing and an expanded role for Fannie Mae and Freddie Mac to bolster the still-struggling U.S. housing market.

A survey of primary dealers by the New York Fed showed much uncertainty among the 21 large banks that act as counterparties to the Fed's open market transactions.

The euro could rebound in the near-term despite the problems affecting continental Europe, as investors are overly bearish on the currency, investor Jim Rogers said on Tuesday.

U.S. stock index futures fell on Wednesday after a sharp market rally in the previous session, as investors focused again on Europe's debt problems.

Stock index futures fell on Wednesday after a sharp market rally in the previous session, as investors focused again on Europe's debt problems.

The Kansas City Federal Reserve Bank promoted its information technology chief to the bank's No. 2 post under the institution's new president, Esther George.