Ending speculation that he might appoint a new central bank chief, President Obama said he would nominate Fed Chairman Ben Bernanke for a second term Tuesday as the administration continues its efforts to stabilize the embattled U.S. economy. Continue reading
Editor’s Note: This week, we’re featuring video conversations with Simon Johnson, former chief economist at the IMF, now at the Peterson Institute and MIT, and author of the must-read blog on the global economy, The Baseline Scenario. In today’s clip, … Continue reading
With the economy showing hints of a recovery, the threat of inflation is testing policy makers at the Federal Reserve as they work to determine how quickly to unwind emergency moves taken during the height of the financial crisis. Paul Solman reports. Continue reading
Economics correspondent Paul Solman explores Kansas City, Mo., home to one of 12 regional Federal Reserve banks and a crossroads for the U.S. economy.
With its fortunes tethered to volatile natural gas and oil prices, Russia has suffered record inflation and unemployment in the global financial crisis. In the second of her series of reports from Russia, Margaret Warner examines the country’s economic picture. Continue reading