Federal Reserve

US Federal Reserve Board Chairman Ben S. Bernanke warns Congress to avoid the 'fiscal cliff.'

Bernanke defends Fed’s low-interest-rate policies

WASHINGTON (AP) – Chairman Ben Bernanke is standing by the Federal Reserve’s low-interest-rate policies, cautioning that any move to raise rates prematurely could derail a still-modest economic recovery.


(AP Photo)

Fed: Hackers breached website with contact info

WASHINGTON (AP) — The Federal Reserve says an internal website was briefly breached by hackers but no critical Fed operations were affected.


U.S. Capitol Dome

Money Magazine’s Craig Matters with perspective on the fiscal cliff

Listen to this interview with Craig Matters, the managing editor of Money Magazine, as he joins KFWB’s Penny Griego and Phil Hulett with some perspective In the continuing debate in Washington over taxes and entitlements.


Big stock rally

NEW YORK (AP) – Wall Street has seen a huge rally today, after investors finally got the aggressive economic help they’ve been wanting from the Federal Reserve. The Dow has been more than 200 points […]


Bernanke: No specific target for bond purchases

WASHINGTON (AP) – Chairman Ben Bernanke says the Federal Reserve does not have a specific economic target for its new stimulus program and will keep buying bonds until it sees more jobs, lower unemployment and […]




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