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Fed Cuts

Global Economy Shrugs At Massive OPEC, Fed Cuts

Reuters | Mary Milliken | Posted 05.25.2011 | Business

The global economic slowdown trumped even the biggest OPEC output cut ever on Wednesday as the measure aimed at boosting oil prices instead deepened t...

Time to End "Bernanke Panky?"

Kevin Phillips | Posted 05.25.2011 | Business
Kevin Phillips

Is Bernanke ready for a new round of 1932-style talk about abolishing the Fed or impeaching its leaders? Because at least three aspects of his Fed chairmanship have generated major controversy.

Forget The Candidates, Unelected Officials Take Economic Center Stage

MSNBC | Tom Curry | Posted 05.25.2011 | Business

Step aside Clinton, Obama, and McCain. Make way for Bernanke, Paulson, and Geithner. In an election year in which the public and the news media have ...

The Fed Finally Got It Right

Ron Insana | Posted 05.25.2011 | Business
Ron Insana

The Fed will continue to cut interest rates until the markets are calm, financial institutions can lend again and the economy shows signs of life.

Bernanke To Address Congress This Week

Reuters | Posted 05.25.2011 | Business

Housing's in the tank, banks are scared to lend, but oil is at $100 a barrel and inflation is threatening to pick up -- what's a central banker to do?...

Fed Ready to Cut Interest Rates Again

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — The Federal Reserve is ready to lower interest rates again to brace the wobbly economy even as zooming oil prices spread inflation,...

Fed President "Not Confident" Recession Avoidable

Reuters Via CNBC | Posted 05.25.2011 | Business

San Francisco Federal Reserve Bank President Janet Yellen on Thursday indicated a willingness to cut U.S. interest rates further and said she was "not...

Home Prices May Sink Another 25% By 2010

BusinessWeek | Peter Coy | Posted 05.25.2011 | Business

As Washington policymakers struggle to keep the U.S. out of recession, the swirling confusion over the housing market is making their job a lot toughe...

Stocks Pull Back After Fed Rate Cut

AP | MADLEN READ | Posted 05.25.2011 | Business

NEW YORK — A still-anxious Wall Street closed lower Wednesday, sacrificing the advance it made after the Federal Reserve cut interest rates half...

How Much Will Bernanke Cut?

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — The Federal Reserve delivered powerful new relief to people and businesses squeezed by the ailing economy Wednesday, cutting intere...

Layoffs On The Rise: Are You Prepared?

Fox Business | Kathryn Tuggle | Posted 05.25.2011 | Business

Here's another scary word (besides the evil "R" word) that has been showing up in the news headlines lately: layoffs. Should you be worried? "This is...

Sources: Bernanke Believes Recession To Be Much Worse Than He Has Publicly Admitted

US News & World Report | Paul Bedard | Posted 05.25.2011 | Business

People wondering why Federal Reserve Chairman Ben Bernanke suddenly moved to reduce the bank borrowing rate by three quarters of a point should know t...

Fed Cuts Interest Rate By A Quarter Point

AP | Posted 05.25.2011 | Business

The Federal Reserve has cut a key interest rate by one-quarter of a percentage point to 4.25 percent, the third rate cut in three months. The quarter...

Fed Expects Slowdown To Deepen

New York Times | Edmund L. Andrews | Posted 05.25.2011 | Business

The Federal Reserve expects economic growth to slow sharply next year, and policy makers there are worried that even this forecast may prove too optim...

Bernanke Speech Offers No Rate Cut Clues

Wall Street Journal | Brian Blackstone | Posted 05.25.2011 | Business

In a closely anticipated speech Tuesday, Federal Reserve Chairman Ben Bernanke stopped short of signaling his views on the economy and interest rates,...