- US ban on high-risk bank trades approved Updated: Dec-10-13 4:23 pm
- Solid US job growth cuts unemployment to 7 pct. Updated: Dec-06-13 3:15 pm
- Editorial: Job market shows promising signs of strength Updated: Dec-06-13 2:46 pm
- US job openings, overall hiring reach 5-year highs Updated: Nov-22-13 11:24 am
- Senate panel advances Yellen's bid to lead Fed Updated: Nov-21-13 4:46 pm
- Minutes: Fed could slow bond buys in coming months Updated: Nov-20-13 4:49 pm
- Bernanke: Public transparency vital to Fed policy Updated: Nov-19-13 8:30 pm
- Editorial: Economist Yellen would be first woman to run... Updated: Nov-18-13 1:47 pm
- US economy still subpar, Yellen says in testimony Updated: Nov-14-13 12:06 am
WASHINGTON - U.S. regulators have taken a major step toward reining in high-risk trading on Wall Street, banning the largest banks from trading for their own profit in most cases.
WASHINGTON - The U.S. job market has been recovering fitfully for three years. Now, it's starting to show consistency.
The jobless rate fell to 7 percent in November, its lowest in five years, down from 7.3 percent in October, a fairly steep drop as these things are measured.
WASHINGTON - U.S. job openings and overall hiring both reached five-year highs in September, signaling steady improvement in the job market.
WASHINGTON - A Senate panel on Thursday advanced Janet Yellen's nomination to lead the Federal Reserve, setting up a final vote in the full Senate after lawmakers return from a two-week Thanksgiving break.
WASHINGTON - Members of the Federal Reserve agreed last month that they would likely start reducing their bond purchases in coming months if the job market improved further. They also weighed the possibility of slowing the purchases even without clear evidence of a strengthening job market.
WASHINGTON - Ben Bernanke offered a broad defense Tuesday of the Federal Reserve's policies under his leadership a little over two months before his eight-year tenure ends.
The head of the Federal Reserve board is one of the most powerful and, outside of financial circles, least known officials in the U.S. government.
WASHINGTON - Janet Yellen says the economy has regained ground lost to the deepest recession since the 1930s. But she says unemployment remains too high at 7.3 percent and notes that the Fed is still trying to accelerate the economy's recovery.