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Central Bank

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Top Central Bank Articles

Displaying items 61-72
  • Savers and a grim outlook

    Exactly two years ago, I wrote a column titled "Coping in a low interest world". At the time, short-term interest rates were essentially zero and the benchmark 10-year Treasury yield hovered at around 2.4 percent. Soon after, 10-year yields plunged to 40-...
  • Janet Yellen and the Federal Reserve: What to watch for Wednesday

    Janet Yellen and the Federal Reserve: What to watch for Wednesday
    WASHINGTON -- Janet L. Yellen, who broke the Federal Reserve's glass ceiling, marks two more milestones Wednesday, wrapping up her initial policymaking meeting as chairwoman then facing reporters' questions for the first time since taking office last...
  • Janet Yellen more experienced than Fed predecessors

    Janet Yellen more experienced than Fed predecessors
    WASHINGTON -- Janet Yellen, President Obama’s choice to head the Federal Reserve, comes to the post with more years and a wider range of experience at the central bank than her predecessors and a career-long focus on the issue that remains at the...
  • Yellen to tell senators Fed must do more to help economy recover

    Yellen to tell senators Fed must do more to help economy recover
    WASHINGTON -- The Federal Reserve has helped the nation rebound from the Great Recession, but there still is more work to be done to reduce unemployment and get the economy back on track, Fed chair nominee Janet L. Yellen will tell senators at her...
  • U.S. suspends trade, investment talks with Russia over Ukraine

    U.S. suspends trade, investment talks with Russia over Ukraine
    (Reuters) - The United States has put trade and investment talks with Russia on hold as a rebuke for Russia's incursion into Ukraine, a U.S. official said on Monday. "We have suspended upcoming bilateral trade and investment engagement with the...
  • Bitcoin's value tumbles after China moves to limit its use

    Bitcoin's value tumbles after China moves to limit its use
    Chinese authorities on Thursday instructed the country's banks and other financial institutions not to accept bitcoin, an unregulated digital currency that has soared in value amid widespread speculation, state media reported. China's central bank and...
  • Britain to start issuing plastic money in 2016

    Britain to start issuing plastic money in 2016
    LONDON -- Paper or plastic? No, not what kind of bag do you want your purchases in; it's what kind of money you’ll use to pay for them, at least in Britain. The Bank of England announced Wednesday that, beginning in 2016, it will start issuing...
  • Scientists experiment with money laundering

    Scientists experiment with money laundering
    Got some dirty money to launder? Well, Rhode Island scientists say they've devised a method of washing human grease, microbes and motor oil from the world's banknotes using supercritical fluid. Each year, the world's governments shred roughly 150,000...
  • Transcripts detail Fed's struggles amid 2008 financial crisis

    Transcripts detail Fed's struggles amid 2008 financial crisis
    WASHINGTON — The day after Lehman Bros. filed for bankruptcy in September 2008, Federal Reserve policymakers hadn't yet grasped the scope of the financial storm blowing overhead. What was clear to them as they gathered for a regularly scheduled...
  • Federal Reserve again reduces bond purchases, keeps key rate near zero

    Federal Reserve again reduces bond purchases, keeps key rate near zero
    WASHINGTON -- Federal Reserve policymakers voted Wednesday to continue reducing their bond-buying stimulus program and said they no longer would consider raising its near-zero interest rate once the unemployment rate fell below 6.5%. The Federal Open...
  • Stocks soar in 2013 as fear bubble pops

    When Wall Street finally stopped living in fear of another bust, the opposite happened: a market boom that propelled U.S. stocks to their biggest rally in at least 16 years. Share prices ended Tuesday with more gains, capping a stunning advance that...
  • Bernanke to write book about Fed's handling of Great Recession

    Bernanke to write book about Fed's handling of Great Recession
    Former Federal Reserve Chairman Ben S. Bernanke first gained prominence writing about the Great Depression. Now he plans a memoir to defend how he and other officials battled the biggest crisis and economic downturn since then. “I'd like to be...