The Great Recession was thwarted, but not conquered, by gobs and gobs of cash supplied by our Central Bank and others. It may be that all of the intervention will make a positive difference. If it doesn't, it will prove to have been an expensive error.

The Fed has become somewhat impotent and should pass the buck to Congress. If only Congress would answer the phone.

WASHINGTON — The Federal Reserve pledged Wednesday to hold interest rates at a record low to drive down double-digit unemployment and sustain th...

We may now be abdicating complete control of our money supply to the government.

WASHINGTON — The Federal Reserve, urgently rewriting its playbook to fight a deepening recession, cut its benchmark interest rate to as low as z...

The Federal Reserve lowered the Fed Funds rate on Wednesday to 1%. The move was widely expected but it's still important for a few reasons.

WASHINGTON — Jolted by global recession fears, the Federal Reserve slashed interest rates Tuesday, and President Bush and leaders of Congress jo...