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The Federal Reserve will create a "final crisis" by continuing to print money because it is underestimating the strength of the economy, Marc Faber, the author of "The Gloom, Boom and Doom Report," told CNBC Tuesday.
American employees may have trouble getting a raise these days, but deflation may work in their favor, Jim Rickards, senior managing director for market intelligence at Omnis, a consulting firm, told CNBC Monday.
"One reason why the equity market is struggling of late is because you can only drive and gaze through the rear-view mirror for so long," one market pro says of weak GDP growth.
Dueling pieces of legislation, both of which were introduced in Congress in July, address the issue of whether to close the loophole that allows online shoppers in most states to avoid paying sales tax.
Allowing the Bush tax cuts to expire would be a mistake with the economy trying to grow, James Bullard, president of the Federal Reserve Bank of St. Louis, told CNBC Friday.
Amid slow job creation, reduced housing activity and a dip in retail sales, many economists have downgraded expectations for the rest of the year. The NYT reports.
A Federal Reserve official says the central bank should revive a crisis-era program to buy government debt if the country seems headed toward a bout with deflation.
The nascent US economic recovery would be halted in 2011 if Congress fails to extend the Bush tax cuts for the wealthiest Americans, analysts at Deutsche Bank said.
As the nation struggles with how to jump-start hiring in the US, one former CEO told CNBC Wednesday that a tax holiday for US-based multinationals could lead to job growth. However, experts on repatriation of profits say such breaks only rarely create jobs and the substantial amount saved by corporations on taxes usually lands in the hands of investors.
Does the price action on major banks in Europe tell investors that the continent is now not a threat to risk appetite and that Wall Street can mount a sustained rally without a repeat of May’s negative blow-up?
When you look at the commercial real estate market right now, there is a tremendous amount of distress that is not really visible yet," according to Scott Rechler.
The pan-European stress tests on the banking sector were not tough enough to reflect future worsening conditions for the continent's economy, Nouriel Roubini told CNBC.com.
Take a look at 10 cost-saving measures the administration is considering that do not involve staffing reductions or elimination of programs — measures that could be implemented today.
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.
President Barack Obama says new revelations of big bank bonuses underscore the need for the financial regulation bill he signed into law this week.
Friday at noon, New York time, 91 banks in Europe will reveal how strong they would be if the region went back into recession over the next two years and the sovereign debt they hold plunged in value.
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.
Nearly two-thirds of Americans believe that the economy has yet to hit bottom, meaning a double-dip recession is expected, a nationwide survey from Citigroup showed Thursday.
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.
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.