Ben Bernanke

Janet Yellen smiles before being sworn in as Federal Reserve Board chair, Monday, Feb. 3, 2014, at the Federal Reserve, in Washington. Yellen is the first woman to lead the Federal Reserve.  (AP Photo/Charles Dharapak)

Yellen sworn in as Fed chair, succeeding Bernanke

WASHINGTON (AP) — Janet Yellen officially took over the leadership of the Federal Reserve on Monday — and along with it a delicate task: Unwinding the Fed’s extraordinary economic stimulus without spooking investors or slowing […]

02/03/2014

Federal Reserve Chairman Ben Bernanke listens while participating in a panel at the International Monetary Fund (IMF) in Washington Friday, Nov. 8, 2013, on "The Crisis as a Classic Financial Panic." (AP Photo/Jacquelyn Martin)

Bernanke likens ’08 financial crisis to car crash

WASHINGTON (AP) — In his final public appearance as chairman of the Federal Reserve, Ben Bernanke took a moment to reflect on the 2008 financial crisis and compared it to surviving a bad car crash. […]

01/16/2014

Jimmetta Smith, right, the wife of a U.S. Marine veteran, holds her resume while talking with Rhonda Knight, a senior recruiter for Delta airlines, at a job fair for veterans and family members at the VFW Post 2681, in Marietta, Ga. (AP Photo/David Goldman, File)

Weekly US jobless claims hit 9-month high of 379K

WASHINGTON (AP) — The number of people seeking U.S. unemployment benefits rose 10,000 last week to a seasonally adjusted 379,000, the highest since March. The increase may reflect volatility around the Thanksgiving holidays. The Labor […]

12/19/2013

A Wall Street sign is seen at an entrance to the New York Stock Exchange. (AP Photo/Richard Drew,)

Stocks soar as Fed cuts stimulus, citing jobs

NEW YORK (AP) — The stock market had a swift and clear reaction to the Federal Reserve’s decision to trim its stimulus efforts: That wasn’t so bad after all. Stocks surged Wednesday, lifting the Dow […]

12/18/2013

March 29, 2013: A homeless man pushes a shopping cart full of his belongings across an intersection in the Skid Row area of Los Angeles. (AP Photo/Jae C. Hon, File)

AP survey: US income gap is holding back economy

WASHINGTON (AP) — The growing gap between the richest Americans and everyone else isn’t bad just for individuals. It’s hurting the U.S. economy. So says a majority of more than three dozen economists surveyed last […]

12/17/2013

Jobs

US job openings reach 5-year high, a hopeful sign

  WASHINGTON (AP) — U.S. employers advertised the most job openings in more than five years in October, and the number of people quitting also reached a five-year high. The figures are an encouraging sign […]

12/10/2013

A Wall Street sign is seen at an entrance to the New York Stock Exchange. (AP Photo/Richard Drew,)

Stock market jumps after strong jobs report

NEW YORK (AP) — Good news was finally good news for the stock market on Friday. Stocks rose sharply after the government reported a fourth straight month of solid U.S. job gains, the latest encouraging […]

12/06/2013

Jimmetta Smith, of Lithonia, Ga., right, the wife of a U.S. Marine veteran, holds her resume while talking with Rhonda Knight, a senior recruiter for Delta airlines, at a job fair for veterans and family members at the VFW Post 2681, in Marietta, Ga. (AP Photo/David Goldman, File)

US unemployment falls to 7 pct. on 203K jobs added

WASHINGTON (AP) — A fourth straight month of solid hiring cut the U.S. unemployment rate in November to a five-year low of 7 percent. The surprisingly robust job gain suggested that the economy may have […]

12/06/2013

Federal Reserve Chairman Ben Bernanke listens while participating in a panel at the International Monetary Fund (IMF) in Washington Friday, Nov. 8, 2013, on "The Crisis as a Classic Financial Panic." (AP Photo/Jacquelyn Martin)

Bernanke: Fed has greater power to combat crises

WASHINGTON (AP) — Chairman Ben Bernanke said Friday that the Federal Reserve is drafting rules to close large insolvent banks without bringing down the broader financial system, one of many steps regulators must take to […]

11/08/2013

The decision of the Federal Reserve appears on a television screen on the floor of the New York Stock Exchange Wednesday, Oct. 30, 2013.  (AP Photo/Richard Drew)

Fed leaves low interest-rate policies unchanged

WASHINGTON (AP) — The Federal Reserve says the U.S. economy still needs support from its low interest-rate policies because it is growing only moderately. In a statement Wednesday after a policy meeting, the Fed said […]

10/30/2013

A sale pending announcement sits atop a for sale sign in a home's yard in Richardson, Texas. (AP Photo/LM Otero, File)

Signed contracts to buy US homes plunges in Sept.

WASHINGTON (AP) — The number of Americans who signed contracts to buy existing homes fell in September to the lowest level in nine months. The decline reflects higher mortgage rates and home prices that have […]

10/28/2013

Trader Gregory Rowe, left, and specialist Anthony Rinaldi work on the floor of the New York Stock Exchange. (AP Photo/Richard Drew, File)

US stocks dip on earnings; Debt deadline nears

NEW YORK (AP) — Earnings news gave investors something else to focus on Wednesday as a government shutdown entered its ninth day and a potential economy-shaking federal default edged ever closer. Stocks moved between small […]

10/09/2013

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