Economic performance will determine when the Fed raises U.S. interest rates from near zero, he said, adding he hopes to tighten policy this year.» Read More
Former Treasury Secretary Larry Summers thought it was "the right thing for the Federal Reserve" to withdraw from consideration for Fed chairman.
Forget the BRICS: what's really concerning investors now are the "Fragile Five".
Stocks are at record highs and Wall Street is getting feverishly bullish. What could possibly go wrong?
The number of Americans filing new claims for unemployment benefits fell less than expected last week as California continued to process a backlog of applications.
Now that the Fed is expected to keep its foot on the easy money pedal for months to come, don't expect to see much lower interest rates.
The reason is largely that incomes, which are up just about 3 percent from a year ago, are not keeping pace with home prices.
U.S. import prices rose for the second straight month in September as the cost of petroleum increased.
Following the weaker-than-expected U.S. unemployment report for September, the Fed will likely delay tapering its bond-buying program until March.
Tuesday's jobs report should show that the employment picture improved in September, but it will take months before markets trust the numbers to tell a clear story.
September's tepid jobs growth signals a squishy enough employment picture to push any wind down of Fed easing into next year.
U.S. construction spending hit a near 4-1/2 year high in August, boosted by increases in both private and public outlays, a hopeful sign for third-quarter economic growth.
Corporate America's third quarter report card is not great, but it's good enough to keep stocks moving higher.
While the wealthy don't show any signs of worrying about the effects of tighter money, they should be, according to economist Marc Faber.
Almost 6 million young people, or about 15 percent of those aged 16 to 24, are neither in school nor working, The Opportunity Nation coalition said.
Home resales fell and prices rose at their slowest pace in five months, the latest signs higher rates were taking some edge off the housing recovery.
Despite uncertainty in D.C. and rising oil prices and rates, companies are upbeat on the prospects for economic growth in 2014, one survey found.
Are companies preparing to blame Washington for weak fourth quarter earnings?
The likelihood of another shutdown and brush with debt ceiling catastrophe early next year seems relatively slim.
U.S. job growth likely picked up in September, before an acrimonious budget fight in Washington took some of the wind out of the economy's sails.
The Street's refusal to impose discipline on Washington—through a tumble that would have instilled some sense of urgency—may be inviting more trouble.