S&P revised the outlook on Illinois' A-minus credit rating to developing from negative due to the state's passage of the pension reform.» Read More
See what's happening, who's talking and what will be making headlines on Friday's Squawk on the Street.
Federal Reserve Chairman Ben Bernanke will make his first visit to the 112th Congress on Friday for what has recently become a ritualistic beating in the guise of a hearing on monetary policy.
Read the full text of the minutes from the Federal Open Market Committee's Dec. 14 meeting here.
Federal Reserve Chairman Ben Bernanke may resign in late 2011 as deflation continues to dash hopes of strong economic growth in the U.S. economy, Jim Walker, founder and CEO of Asianomics, told CNBC Friday.
Perhaps it could quench some of the populist anger the Fed is facing. And it's going to face more next year.
As the Federal Reserve debates whether to scale back, continue or expand its $600 billion effort to nurse the economic recovery, four men will have a newly prominent role in influencing the central bank’s path, the New York Times reports.
Though many in Washington and Wall Street have applauded the bipartisan tax cut package as a key economic stimulant, there are more than a few skeptics about its potential impact.
The Federal Reserve’s $600 billion stimulus program has done little to lower interest rates and or improve unemployment, though it has boosted stock and commodity prices, a CNBC survey says.
See what's happening, who's talking and what will be making headlines on Wednesday's Squawk on the Street.
Share your opinion in today's poll.
Despite the tax-cut deal in Washington and better growth forecasts from economists, the bar is likely very high for the Federal Reserve to back off its plans to purchase $600 billion in bonds.
A congressman from Texas, long a dissident critic of the Federal Reserve, is scheduled to become the chairman of a House panel with jurisdiction over the central bank. It promises to be a miserable time for the Fed chairman as he is peppered with hostile questions at oversight hearings and with legislation to force complete audits of Fed operations. The New York Times reports.
The tax compromise brokered by President Obama with Republican congressional leaders will boost economic activity, adding ½ to 1 percent to the GDP, Steven Schwarzman, chairman and CEO of private equity firm Blackstone Group told CNBC Thursday.
So if the economy is humming along as well as everybody says and the stock market is poised for double-digit gains in 2011, that must mean that the Fed can start planning its multi-trillion-dollar exit strategy. Right?
Rep. Ron Paul, (R-Texas), who will head a subcommittee overseeing the Federal Reserve in the new Congress, called central bank a “cartel” and said it has “monopoly control” over the US dollar.
As Fed Chairman Ben Bernanke indicated recently on 60 Minutes, today's FOMC statement indicates that the Federal Reserve feels that the U.S. economy has only tentatively achieved escape velocity, such that the Fed must continue to provide fuel to push the rocket ship further into orbit.
Read the full text of the statement from the Federal Reserve's Federal Open Market Committee issued on Tuesday following a one-day meeting on monetary policy here.
As the lone dissenter on the Federal Reserve committee that sets interest rates, Thomas Hoenig, the president of the Federal Reserve Bank of Kansas City, has been a persistent skeptic of just about everything the Fed’s chairman, Ben S. Bernanke, has done to try to stimulate the flagging recovery. The New York Times reports.
China’s inflation is soaring, Democrats in Congress are likely to pass the tax cut extension and spending bill, the FOMC meets this week, European Union leaders will also meet this week and what has everyone so bullish? Here's what you need to know for this week.
Two powerful lame-duck senators, who both support the tax bill compromise set for a Senate vote Monday, told CNBC Monday, that reducing the deficit will come after the economy is gets moving forward.