The Fed may have to get even more aggressive if its efforts to tighten aren't reflected in short-term rates, he said.» Read More
Focus at the Federal Reserve these days is on who the next chairman will be, but the big story may be an ideological cleansing that could last the next decade and a half.
San Bernardino, Calif., is eligible for bankruptcy protection, a federal judge said on Wednesday, in a "tentative ruling" ahead of full court arguments later in the day.
The number of Americans filing new claims for unemployment benefits fell as expected last week as the U.S. economy accelerated more quickly than expected in the second quarter.
Speculation that Larry Summers is the favored candidate to take over Bernanke as Fed chief has resurfaced in recent weeks, prompting a strong backlash from some industry watchers.
Americans' confidence in the economy inched closer to a 5 1/2-year high on growing optimism that hiring and wages could pick up in coming months.
President Barack Obama will not negotiate over the debt ceiling and it's up to Congress to raise the limit, Treasury Secretary Jack Lew tells CNBC.
U.S. single-family home prices rose in June though the pace of gains slowed slightly, a closely watched survey showed on Tuesday.
Treasury Secretary pressed Congress to allow the government to borrow more money, saying that it could default on its obligations if lawmakers do not act by mid-October.
For those in the top 5 percent, the recovery has been pretty good. As for the other 95 percent, maybe not so much.
According to Art Cashin, the central bank's effect on the financial system has worrying parallels to the period leading up to the Great Depression.
The average price for a gallon of gasoline slipped again in the last two weeks, due to abundant supplies, according to the Lundberg survey released on Sunday.
Orders for long-lasting U.S. manufactured goods recorded their biggest drop in nearly a year in July and a gauge of planned business spending on capital goods tumbled.
Parents increasingly are struggling to pay off student loans even as their children take on new debts to pay for schooling. The loans are becoming a multigenerational burden.
America's greatest challenge has something to do with Washington, according to a survey of business economists. What could it be?
Rising interest rates aside, housing prices in most parts of the country appear to have plenty of room to move higher.
Global financial stability is at risk as central banks draw back from ultra-easy policies, because emerging markets lack defenses to prevent potentially huge capital outflows.
A toxic combination of depressed employment participation rates, weak real growth and the onset of Obamacare, will force the Federal Reserve to increase rather than decrease quantitative easing next year.
Two regional Fed presidents expressed different views Friday about whether September would be the right time to begin to scale back the central bank's massive bond purchases.
Emerging markets are in a better position than they were in the 1990s, even with the recent plunge in places like India and Indonesia, Pimco CEO Mohamed El-Erian said on Friday.
The Fed is in a bind, according to this pro. And tapering is their way out.