Federal Reserve Chairman Ben Bernanke spoke at the European Central Bank in Frankfurt, defending the Fed's $600 billion stimulus and calling on China and other fast-growing economies not to gain an unfair market advantage by devaluing their currencies. Jeffrey Brown…
Forgive me for not answering a question today, but for posting a note about the Fed. Its decision last week: to purchase a further $600 billion of longer-term Treasury securities by the end of the second quarter…
Forgive me for not answering a question today, but posting a note about the Fed. Its decision last week: to purchase a further $600 billion of longer-term Treasury securities by the end of the second quarter of 2011, a…
The Fed wants you to stop saving and start spending. That's the takeaway from today's Federal Reserve announcement, in which Chairman Ben Bernanke, as expected, announced that the Fed will be investing hundreds of billions of dollars to…
Years ago, Saturday Night Live's Kevin Nealon debuted a character named "Mr. Subliminal" whom he still reprises. The gimmick: Nealon talks and then occasionally, under his breath, says what he's really thinking. In October, President Obama economic adviser Austan…
Columnists Mark Shields and David Brooks analyze the week's top news including economic slowdown concerns, the Federal Reserve's role in propping up the U.S. economy, how John McCain staved off primary opposition and what to expect from weekend rallies in…
Concerns about the economic recovery lingered on Wall Street as the service industry grew at a slower rate than expected last month. Jim Lehrer talks with Treasury Secretary Timothy Geithner about the state of the U.S. economy, a tough housing…
In other news Wednesday, dozens more people died in new attacks across southern Afghanistan, including four NATO troops shot down in a helicopter in Helmand province. In neighboring Pakistan, seven people were killed as militants attacked a NATO convoy outside…
Former Lehman Brothers executives and financial regulators faced tough questions in a House hearing over the firm's bankruptcy at the start of the financial meltdown. Kwame Holman reports on the congressional hearings over the collapsed investment firm.
In other news Wednesday, Federal Reserve Chairman Ben Bernanke told Congress and the President to begin reining in the deficit and a series of powerful earthquakes killed at least 400 people in western China.
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