The Fed should "explicitly" say it will keep rates near zero until the economy is within a year of reaching Fed goals, a policymaker said.» Read More
Stocks had their best day in three weeks as markets enter the home stretch to the quarter end.
Stocks had their best day in weeks Thursday after solid demand for another Treasury auction and encouraging earnings reports from retailer Bed, Bath & Beyond and homebuilder Lennar.
Stocks rebounded Thursday as an unexpected profit from Bed, Bath & Beyond buoyed consumer stocks — and hopes for an economic recovery.
Fed Chairman Ben Bernanke tells Congress he didn't pressure BofA into acquiring Merrill Lynch in a deal that cost taxpayers $20 billion.
Stocks have been quietly moving to the upside all morning...the general take is that despite vigorous questioning Mr. Bernanke is holding up well in his principal claim: that he did not threaten action against Bank of America CEO Ken Lewis or the bank's board if they abandoned the Merrill takeover, and more importantly insisted that his actions helped avert a global economic meltdown.
Today Federal Reserve Chairman Ben Bernanke testifies at a House of Representatives Oversight Committee hearing on the central bank's involvement in the Bank of America Corp.'s acquisition of Merrill Lynch & Co.
Stocks rebounded Thursday after a lower open as weekly jobless claims came in higher than expected.
Ben Bernanke's 10 AM ET testimony dominates trader talk this morning, and as one trader observed, "Nothing good will come from this."
Download the full transcript of Warren Buffett's headline-generating live interview on June 24, 2009 with CNBC's Becky Quick.
The Federal Reserve needs has done its job and now needs to let fiscal policy-makers take over, Pimco bond fund co-CEO Mohamed El-Erian told CNBC.
Futures indicated a slightly negative open for Wall Street Thursday after the Federal Reserve cautioned that the U.S. economy would remain weak for a time, adding concerns about the sustainability of a recent recovery.
Federal Reserve Chairman Ben Bernanke needs to explain whether the Fed kept the Securities and Exchange Commission in the dark about Bank of America's acquisition of Merrill Lynch before the central bank is given more power under financial reforms, Rep. Darrell Issa , R-Calif., told CNBC.
In a peculiar role reversal, Republican lawmakers are mounting a ferocious attack on the Republican chairman of the Federal Reserve, while Democrats are coming to his defense.
We can’t afford to lose the man who saved us from a second Great Depression.
Stocks are now searching for the next catalyst, after a routine Fed announcement left the market mixed and little changed on the day.
The Dow fell for the fourth day after the Federal Reserve reiterated concerns about the economic outlook at the end of its policy meeting.
There were some minor tweaks to the Federal Reserve's statement today, but otherwise the major thrust of the Fed's extraordinary policy to combat the financial crisis remains in place: keeping interest rates "exceptionally low .... for an extended period" and continuing massive purchases of treasuries and mortgage-backed securities.
Warren Buffett appeared live on CNBC with Becky Quick today, Wednesday, June 24, 2009. Buffett told us the economy is in a "shambles" with no signs of a recovery anytime soon. He also criticized Apple for not disclosing earlier that CEO Steve Jobs had received a liver transplant. This is a transcript of their conversation.
The Mad Money host defends the Federal Reserve chairman against claims of impropriety. Plus, a reaction to the central bank leaving interest rates unchanged.
Since late last year, Fed statements have been pushing stocks higher. How should you game it this time around?