| Oct 10, 2013
Congress has spent much of the last three years stumbling about like a traveler who's lost his map, with no coherent strategy for bolstering the weak economy or putting more jobless Americans back to work. Meanwhile, the Federal Reserve has worked...
| Oct 9, 2013
| 12:25 PM
WASHINGTON -- Janet Yellen, President Obama’s choice to head the Federal Reserve, comes to the post with more years and a wider range of experience at the central bank than her predecessors and a career-long focus on the issue that remains at the...
| Oct 8, 2013
| 7:37 PM
WASHINGTON — President Obama will nominate Janet L. Yellen to be the next head of the Federal Reserve, the White House said Tuesday. If confirmed, the former UC Berkeley economist would become the first woman to lead the world's most powerful...
| Oct 8, 2013
| 4:16 PM
WASHINGTON -- President Obama will nominate Janet L. Yellen to be the next head of the Federal Reserve, the White House said Tuesday. The historic appointment, if confirmed, would make the former UC Berkeley economist the first woman to lead the world&...
| Oct 3, 2013
Much is in flux in Washington this week. But two important realities have remained constant, whether certain elements in the GOP accept them or not: We must not default on the federal debt, and we shouldn't wait until we're on the brink of default to...
| Sep 24, 2013
| 6:41 AM
WASHINGTON -- Although Sheila Bair, the former chairwoman of the Federal Deposit Insurance Corp., is a Republican, she has been one of the most outspoken supporters of Democrat Janet L. Yellen to be the next Federal Reserve chief.
Now, with Yellen the...
| Sep 23, 2013
| 8:45 AM
WASHINGTON -- A top Federal Reserve policymaker said Monday that the economy still wasn't strong enough in two key areas to begin tapering the central bank's bond-buying stimulus program, particularly with budget and debt-limit fights looming.
| Nov 5, 2013
| 6:54 AM
WASHINGTON -- Lael Brainard, the Treasury department's top official in dealing with global financial issues, will step down this week amid speculation she could be nominated to the Federal Reserve Board.
Brainard has served as undersecretary for...
| Oct 30, 2013
| 11:11 AM
Russian President Vladimir Putin is the most powerful person in the world, outflanking President Obama, whose authority was damaged by the recent government shutdown and budget crisis, Forbes magazine reported Wednesday in its annual rankings of global...
| Sep 23, 2013
| 6:49 AM
WASHINGTON -- Former President Bill Clinton said the harsh criticism of Lawrence H. Summers that led to his withdrawal from consideration to be the next Federal Reserve chairman was inaccurate and that the former Treasury secretary did not excessively...
| Oct 29, 2013
| 5:00 AM
WASHINGTON — The Federal Reserve has taken unprecedented steps to stimulate the economic recovery from the Great Recession, but the tab has risen to such tremendous proportions — fast approaching $4 trillion — that some worry the central...