Congress Federal Budget (U.S.)

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    The portion of U.S. junk bonds trading at distressed levels rose to 16.9 percent in February, up from 11.1 percent in January in a sign that defaults are headed higher, Standard & Poor's said on Wednesday.

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    Applications for U.S. home mortgages plunged to their lowest level this year, as rising long-term interest rates curbed incentives to refinance, an industry group's data showed on Wednesday.

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    New orders for long-lasting US-made manufactured goods fell by 5.3 percent in January, the biggest drop in five months and more than analysts expected.

  • Donald Kohn

    How serious is the risk of inflation? It depends on which Fed governor you ask.

  • Federal Reserve Chairman Ben Bernanke.

    The text of Federal Reserve Chairman Ben Bernanke's testimony to the House Financial Services Committee on Febuary 27, 2008.

  • Donald Kohn

    A top Federal Reserve official said Tuesday that the danger the U.S. economy will weaken further is a bigger worry than higher inflation.

  • The full text of a prepared speech by Federal Reserve Vice Chairman Donald L. Kohn on The U.S. Economy and Monetary Policy given on February 26, 2008.

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    The collapse in U.S. home prices accelerated to a record pace in the fourth quarter of 2007, with prices plunging 8.9 percent last year, according to a national home price index released on Tuesday.

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    Inflation at the wholesale level jumped 1 percent in January on rising energy costs and posted the biggest 12-month gain in more than 26 years.

  • Bill Gross

    U.S. government bonds hold little appeal with inflation making a strong comeback, the manager of the world's largest bond fund said on Tuesday.

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    Dallas Federal Reserve President Richard Fisher said on Friday that it will take some time for interest-rate cuts the Federal Reserve has made since last September to kick in and boost the economy.

  • The Federal Reserve headquarters in Washington, DC.

    The Federal Reserve lowered its projection for economic growth this year, citing damage from the housing slump and credit crunch.

  • The U.S. economy will probably avoid a recession but inflation is also a risk and the Federal Reserve must not ignore this threat as it battles weak growth, one of the Fed's top policy-makers said.

  • Federal Reserve Bank Chairman Ben Bernanke

    The text of the minutes from the Federal Open Market Committee's meeting on January 29-30, released on February 20, 2008.

  • Alan Greenspan

    Former U.S. Federal Reserve Chairman Alan Greenspan on Thursday said the U.S. economy is "clearly on the edge" of a recession.

  • Federal Reserve Bank Chairman Ben Bernanke

    On Tuesday, we had the Warren Buffett rally. On Valentine's Day, it was the Ben Bernanke selloff.

  • Federal Reserve Bank Chairman Ben Bernanke

    Fed  Chairman Bernanke told Congress the country's economic outlook has deteriorated and signaled that the central bank is ready to keep lowering rates.

  • The full text of Federal Reserve Chairman Ben Bernanke's prepared testimony on the state of the U.S. economy and financial markets delivered before the Senate Banking Committee.

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    Fed Chairman Ben Bernanke has yet to win the hearts and minds of many on Wall Street. But a stand-out performance during his appearance before Congress on Valentine’s Day may bring him considerably more admirers.

  • Federal Reserve Bank Chairman Ben Bernanke

    Federal Reserve Chairman Ben Bernanke told lawmakers Tuesday he expects the downtrodden U.S. housing sector to improve by the end of the year.