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The Federal Reserve, desperately trying to jump-start lending, dropped its federal funds rate to 1.5 percent. Even so, most experts don't see an economic recovery until there's stability in the housing market, banks are lending freely and employment improves.
HEADLINE: Financial crisis: What lies ahead in 2009?
CAPTION: The Federal Reserve, desperately trying to jump-start lending, dropped its federal funds rate to 1.5 percent. Even so, most experts don't see an economic recovery until...
Curated Video
USA: DEMANDS TO CREATE PANEL TO STUDY CONSUMER PRICE INDEX
English/Nat
The United States' top banker wants a commission to find out how much the government is exaggerating inflation.
The result could be lower cost-of-living increases for (m) millions of Social Security recipients.
Federal...
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Stock index rises sharply amid deal between US, SKorean central banks
1. Bank of Korea Governor Lee Seong-tae entering room for news briefing
2. Photographers
3. Pan right of briefing
4. SOUNDBITE (Korean) Lee Seong-tae, Bank of Korea Governor:
"The Bank of Korea agreed to sign a currency swap deal...
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USA: GREENSPAN SAYS CENTRAL BANK WILL ACT TO STOP INFLATION
English/Nat
United States Federal Reserve Chairman Alan Greenspan has pledged the central bank will "act promptly and forcefully" at the first hint of inflation dangers.
The financial markets reacted negatively to Greenspan's warnings...
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USA: ALAN GREENSPAN HOUSE BANKING COMMITTEE TESTIMONY
English/Nat
Federal Reserve Chairman Alan Greenspan is defending the three-point-six (3.6) billion (b) U-S dollar private bailout of a major hedge fund last week.
The nation's top banker told a congressional panel in Washington on...
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Federal Reserve Chair Janet Yellen said Monday that continued low interest rates will be needed to help improve the sub-par U.S. job market. (March 31)
FOR CLEAN VERSION SEE STORY NUMBER: apus007985
Federal Reserve Chair Janet Yellen says the less than ideal U.S. job market will continue to need the help of low interest rates "for some time."
Yellen visited a national conference on...
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Federal Reserve Chairman Ben Bernanke told Congress Thursday the Fed expects to recover most, if not all, the $29 billion worth of loans it made to keep struggling Bear Stearns Cos. from collapse.
Bernanke defends Bear Stearns rescue
Federal Reserve Chairman Ben Bernanke told Congress Thursday the Fed expects to recover most, if not all, the $29 billion worth of loans it made to keep struggling Bear Stearns Cos. from...
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US markets and head of bank resign in fallout over sub prime crisis
New York - 8 January 2008
1. Wide pan of New York Stock Exchange floor
2. SOUNDBITE: (English) Sam Stovall, Senior Equities Analyst, Standard and Poor's:
"The government and the Fed is going to do whatever it can to make sure that the...
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Greenspan warns against trade protection
1. Mid shot of Alan Greenspan, U-S Federal Reserve Chairman entering
2. Pull back view from sign to Greenspan
3. Back view of hearing
4. SOUNDBITE: (English) Alan Greenspan, U.S. Federal Reserve Chairman
"The United States has been in...
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USA: FEDERAL RESERVE CHAIRMAN GREENSPAN (2)
English/Nat
U-S Federal Reserve Chairman Alan Greenspan delivered a sober assessment of the U-S economy to Congress on Wednesday, saying that the sharp slowdown that began in the second half of last year "has yet to run its full...
Curated Video
Federal Reserve Chairman Ben Bernanke, widely credited with taking aggressive action to avert an economic catastrophe after the financial meltdown last fall, will be nominated by President Barack Obama for a second term, the AP learned Monday.
HEADLINE: AP source: Fed's Bernanke picked for second term
CAPTION: Federal Reserve Chairman Ben Bernanke, widely credited with taking aggressive action to avert an economic catastrophe after the financial meltdown last fall, will be...
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The Federal Reserve on Wednesday said it see signs the recession may be easing somewhat, but warned that the economy is likely to remain weak for some time. AP Business Editor Mark Hamrick Reports.
HEADLINE: Fed sees signs recession may easing
CAPTION: The Federal Reserve on Wednesday said it see signs the recession may be easing somewhat, but warned that the economy is likely to remain weak for some time. AP Business Editor...
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USA: GREENSPAN ON THE OUTLOOK FOR THE US ECONOMY
English/Nat
The chief of the United States' Federal Reserve, Alan Greenspan, has announced a trademark balanced view of the country's economy.
In his biannual address to Congress, Greenspan summed up potential risks to the economy after...
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USA: ALAN GREENSPAN US ECONOMY STATEMENT TO SENATE
English/Nat
The U-S economy will feel Asia impact before spring is over, according to U-S Federal Reserve Chairman Alan Greenspan.
In a statement to the Senate Budget Committee, Greenspan also said the U-S Congress should not start...
Curated Video
Federal Reserve Chairman Ben Bernanke says the fragile economy is facing 'numerous difficulties' including persistent strains in financial markets, rising joblessness and housing problems.
HEADLINE: Bernanke: Economy faces 'numerous difficulties'
CAPTION: Federal Reserve Chairman Ben Bernanke says the fragile economy is facing 'numerous difficulties' including persistent strains in financial markets, rising joblessness and...
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CAN677 LBJ SPEAKS TO PRESS AFTER MEETING WITH FINANCIAL ADVISORS AND FISCAL AGENCIES
Lyndon Baines Johnson and William McChesney Martin, Jr. speak to press after meeting between the executive and Federal Reserve representatives.
**Possible cuts of a0026983
1. ms men at podium with US government seal
2. ms audience,...
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Fed Chair: Slack Remains in Labor Market
Fed Chair Jerome Powell pointed to the fact that participation in the labor force for men at the prime working age is still a full percentage point below where it was before the Great Recession began. He says the modest increases in...
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Fed Nominee Casts Himself as Figure of Stability
Jerome Powell, President Donald Trump's pick to head the Federal Reserve, is casting himself as a figure of stability and continuity, praising former Fed chairs Janet Yellen and Ben Bernanke
He also told Senate lawmakers...
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Fed Raises Key Rate, Sees 2 More Hikes This Year
The Federal Reserve is raising its key interest rate and signaling confidence in the U.S. economy's durability but plans to continue a gradual approach to rate hikes for 2018 under its new chairman, Jerome Powell.
The Fed...
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Fed foresees no interest rate hikes in 2019
The Federal Reserve left its key interest rate unchanged Wednesday and projected no rate hikes in 2019, dramatically underscoring its plan to be "patient" about any further increases.
Curated Video
Fed foresees no interest rate hikes in 2019
The Federal Reserve left its key interest rate unchanged Wednesday and projected no rate hikes in 2019, dramatically underscoring its plan to be "patient" about any further increases.
Curated Video
USA: TOP BANKING OFFICIALS DISCUSS DOLLARISATION PROPOSALS
English/Nat
U-S Congressmen have heard from the country's top banking officials over proposals for Latin American countries to adopt the U-S dollar as their own currency.
The process, known as "dollarisation," is being actively...
Curated Video
Federal Reserve Chairman Ben Bernanke has sent a fresh signal that he's in no rush to reverse course and start boosting interest rates.(Oct. 9)
HEADLINE:Fed boss sees no rush to boost rates
CAPTION: Federal Reserve Chairman Ben Bernanke has sent a fresh signal that he's in no rush to reverse course and start boosting interest rates.(Oct. 9)
[Notes:ANCHOR VOICE]
Federal...
Curated Video
Asian markets rebounded Monday, taking their cue from Wall Street's recovery late last week after the Federal Reserve cut a key interest rate
HEADLINE: Asian markets rebound in Monday trading (world-markets)
CAPTION: Asian markets rebounded Monday, taking their cue from Wall Street's recovery late last week after the Federal Reserve cut a key interest rate. (Aug. 20) 2007
...