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  • Bernanke: Fed May Extend Wall Street Lending Tuesday, 8 Jul 2008 | 8:20 AM ET

    Federal Reserve Chairman Ben Bernanke said Tuesday the U.S. central bank may keep an emergency lending facility for big Wall Street firms open past year-end while it seeks to restore financial market stability.

  • Fed's Yellen Says Rate Policy at Crossroads Monday, 7 Jul 2008 | 12:00 PM ET
    Janet Yellen

    U.S. interest rate policy is "nearing a crossroads" now that worst-case scenarios for growth have been skirted by the Federal Reserve's aggressive string of rate cuts, San Francisco Fed President Janet Yellen said Monday.

  • Banks "Sweating" Under Construction Loans Monday, 7 Jul 2008 | 10:30 AM ET

    We started to hear rumblings last week about how residential construction loans are weighing heavily on local banks because, big surprise, some of the builders are having trouble keeping up with the payments.

  • Japanese Flag

    Japanese corporate profits are falling while consumer prices are expected to keep rising due to high oil and food costs, Bank of Japan Governor Masaaki Shirakawa said, underlining the central bank's policy dilemma as it juggles the risks of slowing growth and rising global inflationarypressure.

  • Bush Backs Strong Dollar Policy Sunday, 6 Jul 2008 | 7:57 AM ET

    U.S. President George W. Bush said on Sunday the American economy was not growing as quickly as he would like and that his administration supported a strong U.S. dollar policy.

  • Meet the Newest Face on The Board of Governors Thursday, 3 Jul 2008 | 4:07 PM ET
    Elizabeth Duke

    The Democratic-led Senate approved the newest member of the Federal Reserve’s System Board of Governors last Friday, making Elizabeth A. Duke the seventh woman to become a member of the board since the board was formed in 1913.

  • And Here We Go Again ... Thursday, 3 Jul 2008 | 12:56 PM ET
    European Central Bank President Jean-Claude Trichet

    There is an adamant little Frenchman, Jean-Claude Trichet, and his merry band of monetary lawmakers drawing the line on inflation ... how'd THEY become the bad guys? Hmmm...

  • Foreclosure

    So Hope Now is doing well. But in all the data and arguing over the data, let’s look at the data for a second. Of the 170,000 mortgages saved in May, 100,000 were repayment plans and 70,000 were modifications.

  • White House: Jobs Report A Sign of Slow Growth Thursday, 3 Jul 2008 | 11:58 AM ET

    The White House said Thursday a report showing a sixth straight month of job losses in June was another sign of slower U.S. economic growth.

  • European Central Bank Boosts Rates Thursday, 3 Jul 2008 | 9:49 AM ET

    Euro-zone rates rose to 4.25% as the central bank fights inflation, but ECB President Jean-Claude Trichet's message was slightly dovish.

  • Don't Blame the Dollar for Oil Prices: Paulson Thursday, 3 Jul 2008 | 7:12 AM ET
    Henry Paulson

    A weaker dollar cannot be blamed for soaring oil prices as policymakers around the world tussle with the twin spectres of rising inflation and slowing growth, U.S. Treasury Secretary Henry Paulson said on Thursday.

  • Economy Expected to Shed Jobs for 6th Straight Month Thursday, 3 Jul 2008 | 4:45 AM ET

    Payrolls likely dropped by 60,000 in June, while the jobless rate is expected to have fallen to 5.4 percent from 5.5 percent in May.

  • Economy Downturn Bigger Worry Than Prices: Paulson Thursday, 3 Jul 2008 | 3:17 AM ET

    The downturn in the economy is a greater worry than inflation at the moment, U.S. Treasury Secretary Henry Paulson said on Thursday.

  • Europeans Ruin Your July 4th? Wednesday, 2 Jul 2008 | 6:40 PM ET

    Will ECB Chief Trichet ruin your July 4th vacation along with the global economy and hike rates Thursday?

  • Will Europe Make Things Worse for Investors? Wednesday, 2 Jul 2008 | 1:30 PM ET
    European Central Bank President Jean-Claude Trichet

    When European Central Bank President Jean Claude-Trichet announces his decision tomorrow on interest rates, investors will be paying far more attention to what he says than what he does.

  • Paulson: Oil, Falling Home Prices to Prolong Slowdown Wednesday, 2 Jul 2008 | 11:55 AM ET
    United States Treasury Secretary Henry Paulson

    U.S. Treasury Secretary Henry Paulson said on Wednesday that high oil prices, further home price declines and capital markets turmoil will prolong the American economy's slowdown.

  • New York City

    It's my favorite day of every quarter. Whether Central Park is turning amber or tulips are rising in the islands of Park Avenue, the quarterly Manhattan Residential Market Report is always the tastiest morsel of the season (who loves her job more than me??).

  • Fed's Lockhart Drops Hint of Rate Hike Wednesday, 2 Jul 2008 | 5:17 AM ET

    The Federal Reserve must "react decisively" to stop inflation from pushing up wages, one of its top policy-makers said Tuesday, dropping a clear hint about the possibility of interest-rate hikes ahead.

  • Mortgage

    So what do you do if you’re a developer and the credit crunch is keeping your potential customers away? Well, how about giving buyers the loan yourself! That’s precisely what the developers of a posh Harlem condo building are doing.

  • Manufacturing Picks Up, but So Do Price Pressures Tuesday, 1 Jul 2008 | 10:47 AM ET

    U.S. factory activity expanded unexpectedly in June but inflation pressures soared, according to a report released Tuesday.