CNBC's Rick Santelli discusses how today's jobs number is impacting the dollar/yen trade, yields, and the financial sector.» Read More
An announcement could come in early August but some speculate it may involve the naming of an interim director not a permanent one, if only to get the new agency up and running.
Earnings news Tuesday may again be the catalyst for a stock market that's showing improving technical strength.
"It's not a question of whether you have bullets, but that people think he has bullets," says one economist, referring to the famous scene in the Clint Eastwood cop drama, 'Dirty Harry.'
The Obama administration warned Friday the U.S. economy had encountered "strong headwinds" and the country's fiscal challenge remained grim, but it lowered an estimate for the budget deficit this year.
While officials and economists generally regard the program as successful in supporting the housing market, it has left the Fed holding a vast pile of mortgage securities—basically i.o.u.’s from homeowners—that it does not want and cannot sell.
Wall Street will be closely watching the results of the European bank stress tests on Friday even as the deluge of earnings continue.
Rating agencies are concerned about legal liability under the new financial regulation guidelines—though it seems the SEC may have addressed those worries late Thursday.
Ben Bernanke threw a curveball in his midterm report to Congress this week. The Fed view of the economy has been downgraded since it last reported in February. Although the official Fed forecast for 2010-11 is still 3 to 4 percent real growth, Bernanke sounded particularly gloomy when he characterized the economy as “unusually uncertain.”
Federal Reserve chairman Ben Bernanke returned to Capitol Hill on Thursday, repeating yesterday's testimony before the House members. Randy Bateman, portfolio manager at Huntington Situs Trust Fund discussed his insights on Bernanke's testimony and the Fed’s outlook.
Ben Bernanke's two-day stint in front of Congress ended with the Fed chairman doing something few expected him to do: Nothing.
The Chairman formally known as everybody's favorite Uncle Ben stepped before Congress and said the economic outlook was "unusually uncertain." Sorry, but it's always unusually uncertain.
I think the most “captivating” part of Federal Reserve Chairman Ben Bernanke was not what he said, but what he omitted. Yes, the unusually uncertain comment captured the essence of why businesses aren’t hiring with European debt crisis, health care, Fin Reg and taxes all creating the miasma.
Ben Bernanke threw a curveball Wednesday in his midterm report to Congress. The Fed view of the economy has been downgraded since its last report in February. This is not totally new news, since the June FOMC minutes reported this downgrade.
Fresh economic data Thursday could feed the market's phobia about a weaker economy, ahead of another round of testimony from Fed Chairman Ben Bernanke.
Ben Bernanke may have brought out the bears Wednesday but the bulls argue investors missed a slew of positive signs. How should you read it?
Federal Reserve Chairman Ben Bernanke told Congress Wednesday the economic outlook remains "unusually uncertain," and the central bank is ready to take new steps to keep the recovery alive if the economy worsens.
The central-bank boss’ downbeat testimony just might have prevented a big sell-off Thursday morning. Here’s why.
Below is the full testimony by Chairman Bernanke on the Semiannual Monetary Policy Report to the Congress, before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C.
Federal Reserve Chairman Ben Bernanke is scheduled to begin his semi-annual economic testimony before Congress at the Senate Banking Committee this afternoon. Art Cashin, director of floor operations at UBS Financial Services, discussed his insights.
Over the next two days,Federal Reserve Chairman Ben Bernanke will present his semiannual review of monetary policy to Congress. All of these are central for understanding the central problem of the US economy: lack of job creation.