NEW YORK — A surprised Wall Street bolted higher Tuesday after the Federal Reserve's historic decision to further slash interest rates and provi...
AP | Posted 01.16.2009 | Business
WASHINGTON — The Federal Reserve has cut its target for a key interest rate to the lowest level on record and pledged to use "all available tool...
AP | Posted 01.16.2009 | Business
WASHINGTON — The Federal Reserve, urgently rewriting its playbook to fight a deepening recession, cut its benchmark interest rate to as low as z...
AP | PAN PYLAS | Posted 11.30.2008 | Business
LONDON — World stock markets were stronger Thursday led by sharp rallies in Asia and Latin America after the U.S. Federal Reserve said it would ...
Michael Pento | Posted 11.17.2008 | Business
It now takes about 10 cents on every tax dollar collected just to pay the interest on the debt. As bad as that is, it's only because interest rates are at record lows that the debt is still manageable.
AP | JEANNINE AVERSA | Posted 11.07.2008 | Business
WASHINGTON — Federal Reserve Chairman Ben Bernanke warned Tuesday that the financial crisis has not only darkened the country's current economic...
AP | JEANNINE AVERSA | Posted 10.17.2008 | Business
WASHINGTON — Showing a tough love stance for now, Federal Reserve Chairman Ben Bernanke and his colleagues decided to keep a key interest rate s...
AP | TERENCE HUNT | Posted 03.28.2008 | Business
WASHINGTON — Jolted by global recession fears, the Federal Reserve slashed interest rates Tuesday, and President Bush and leaders of Congress jo...
AP | Posted 01.16.2009 | Business