For the second time in two months, the Federal Reserve cut key interest rates Wednesday. A financial analyst describes what the Fed's decision may mean for the American economy.
Treasury Secretary Henry Paulson delivered a somber assessment of the U.S. economy Tuesday, calling the housing and credit crunch "the most significant current risk" to the economy. Financial experts look at the factors affecting the nation's economic health, including sky-high…
In the second of a two-part conversation, Jim Lehrer talks with former Federal Reserve Chairman Alan Greenspan about the impact of the Federal Reserve and his recently published book, "The Age of Turbulence."…
President Bush announced a series of measures Friday intended to help ease the credit crunch caused by mortgage defaults, while Federal Reserve Chairman Ben Bernanke said he would monitor the situation.
The Dow Jones Industrial Average topped a record 14,000 this week, but other concerns about the economy remained, including an increase in housing foreclosures. A columnist explains the economic factors.
Federal Reserve Chairman Ben Bernanke this week expressed concerns over core inflation and noted a slowing economy, cooling housing market, and lower consumer spending, leading investors to expect another interest rate hike.
In an effort to curb the growing rate of inflation, the Federal Reserve raised a key short-term rate to a five-year high of 5 percent and warned that future interest rate increases may be needed. Economics correspondent Paul Solman discusses…
By PBS NewsHour
President Bush on Monday selected Ben Bernanke, chairman of the president's Council of Economic Advisers, to replace Alan Greenspan at the head of the Federal Reserve.
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