Nobel Prize winner Peter Diamond said on Sunday he planned to withdraw as a nominee for Federal Reserve governor, after his nomination was repeatedly attacked by Republicans.
A weaker than expected May jobs report and downward revisions to the March and April releases has rekindled fears of either a double dip recession or a stagflationary economic environment.
The Federal Reserve's balance sheet expanded to a record size in the latest week, as the central bank bought more bonds in an effort to support the economy, Fed data released on Thursday showed.
GOP Presidential candidate Texas Rep. Ron Paul warned of too much dictatorship in Washington, D.C., on Tuesday during a campaign stop in Mason City, Iowa.
Mitt Romney officially launched his bid to become President of the United States, assessing his President Barack Obama's record on helping the U.S. economy grow a failure.
The Gold Price climbed to $1544 per ounce Thursday morning but then dropped sharply to $1520 and stabilized at $1532 per ounce, while stocks, commodities and US Treasuries were all hit after worse-than-expected US economic news and a further downgrade for Greece.
The high unemployment rate means the Fed's ultra-easy money policies remain the right course of action, top Federal Reserve officials said on Wednesday.
Three trillion dollars is a lot of cash to hoard up in barely 10 years. It's a lot of cash to unleash on the world's commodity markets, too. And peak oil or not, we monetary maniacs might just have a point. Real returns to cash do matter.
As much of a quarter of the recent decline in the U.S. jobless rate is due to long-term unemployment benefits running out, according to research from the Chicago Federal Reserve Bank published on Tuesday.
The two ‘Kings of Bonds’ have different views on how the end of QE2 on June 30, 2011 will affect Treasuries.
The Dollar Gold Price traded in a $3 range around $1526 per ounce on Friday morning in London, while stocks and commodities were up and the Euro rallied despite concerns the IMF may halt the latest payment of Greece's €110 billion bailout.
The Federal Reserve's balance sheet expanded to a record size in the latest week, as the central bank bought more bonds in an effort to support the economy, Fed data released on Thursday showed.
Goldman Sachs' mortgage-servicing division, Litton Loan, was accused of denying loans without proper review.
Experts warn that the worsening of the debt crisis means dramatic hike in interest rates, a free fall of the dollar and higher inflation. The negative impact of this scenario will be felt across the world, bedeviling economic recovery everywhere. Critics say the Federal Reserve mandarins are engaging in the outright destruction of the dollar.
Dollar Gold Prices hit a three-week high of $1528 per ounce on Wednesday morning in London, while commodities - like global stock markets - failed to add much to the gains they made Tuesday after Goldman Sachs issued a bullish note on natural resources.
St. Louis Federal Reserve President James Bullard said on Monday that stripping energy and food costs from inflation measurements may understate inflation. Ignoring energy prices in a price index may systematically understate inflation for many years, he added.
Gold Prices at Tuesday morning's London Fix hit record Euro and Pound Sterling highs - €1078.85 and £942.22 per ounce respectively. The US Dollar ticked lower after a Federal Reserve official suggested monetary policy may remain loose for an extended period.
Turmoil over sovereign debt problems in Europe could weigh on the U.S. economic recovery, St. Louis Federal Reserve President James Bullard said on Monday.
Increasing consumer anxiety that prices are broadly on the rise should not trigger an inflation-fighting response from the U.S. Federal Reserve, according to research Monday from the San Francisco Fed.
On May 22, the Federal Reserve Bank of New York added 32 new money market funds in addition to the existing set one of Primary Dealer counterparties.
FBR Capital Markets upgraded its rating on shares of Nara Bancorp, Inc. (NASDAQ: NARA) to "outperform" from "market perform" ahead of near-term catalysts and recent pullback, with a price target of $10.
The red hot trading debut of professional social networking company LinkedIn Corp is not raising any red flags for a top official at the U.S. Federal Reserve, whose flood of money some argue could fuel dangerous bubbles.