White House deputy chief of staff Karl Rove announced his resignation, while the Federal Reserve took its most decisive action yet to help an uncertain economy. Political analysts David Brooks and Harold Meyerson discuss the week's top stories.
Acknowledging a period of increased economic risk that could restrain growth, the Federal Reserve on Friday cut the discount rate at which it makes loans to banks. An economic consultant and a business journalist explain the move.
South Carolina advanced its presidential primary in a move that threatened to shake up the entire primary calendar, while the Federal Reserve worked to respond to unsteady markets.
The Federal Reserve said it would inject $38 billion into the banking system in response to the stock market's volatility, and central banks globally may take similar action. A former Federal Reserve governor and a Bush administration economic adviser explain…
The Dow Jones Industrial dropped 416 points today, the worst plunge since September 2001, after the Chinese market fell 9 percent. Jim Lehrer talks with an economics professor about the worldwide decline in stock prices.
A Labor Department report released Wednesday shows an increase in consumer prices due to significant raises in energy and gas costs, prompting concerns that the Federal Reserve will again raise interest rates to fight inflation.
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…
The Federal Reserve Tuesday cut a key interest rate by a quarter point, the eleventh cut this year.
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