Topic: U.S. Federal Reserve

Fed Chairman Bernanke acknowledged the economy is slowing faster than the Fed previously thoughtNote to Fed Chairman Ben Bernanke: It’s happening, Ben. Your assurances of an economic recovery in the second half are in the wind, blown away by the continuing string ...

US economy grew just 1.0% in second quarter

The US economy grew at a weaker pace than initially believed in the second quarter, the government said Friday in a report that underscored the tenuous nature of the two-year-old recovery.The Commerce Department lowered its estimate for second-quarter growth in gross domestic ...

World stocks slump on global recession fears

Global stocks slumped Thursday as more weak data fuelled concern that the world was heading for another recession, and after the US Federal Reserve reportedly expressed concerns over European banks' liquidity.Traders' screens were awash with red, as Madrid, Milan and Paris equities ...

Fed vows low rates for two more years

The Federal Reserve pledged Tuesday to hold interest rates near zero for two more years to counter an economy facing increased risks of stalling.But it offered no successor to the $600 billion "QE2" stimulus program that wound up in June, though it ...

Only 'moderate' US growth ahead: Bernanke

US Federal Reserve chief Ben Bernanke on Wednesday forecast a moderate surge in growth later this year, but said the Fed is ready with new stimulus measures if the economy continues to stall.Giving a mixed view of the US economy to lawmakers, ...

US recovery slows, fueling stagnation fears

Revelations that key sectors of the US economy were pummeled last month have rekindled fears that the world's largest economy faces protracted high unemployment and lackluster growth.Exactly two years after the recession officially ended, weakness in the jobs, housing and manufacturing sectors ...

Stagflation is on the way

If gold and global central banks are to be believed, an inflationary spiral has been underway for more than a yearIt’s official. The U.S. economic recovery is stumbling again, as indicated by Thursday’s report that GDP growth plunged to only 1.8% in ...

Paul calls Fed's Bernanke "cocky" in House hearing

WASHINGTON (Reuters) - Republican Ron Paul, an outspoken critic of the Federal Reserve, called Chairman Ben Bernanke "cocky" on Wednesday in the first hearing he held as the head of a House of Representatives panel that oversees the U.S. central bank.Paul, a ...

Washington's Next Stimulus Plan

Congress is readying an economic booster shot that should deliver jobs, economic growth -- and a bigger deficit.Congress is readying an economic booster shot that should deliver jobs, economic growth -- and a bigger deficit.Politicians seldom follow the advice of economists, but ...

A different kind of deflation

2011 will be the last full year before the ugly effects of hyper deflation appear.There’s a wealth of wisdom to be found in ancient Chinese proverbs. Not uncommonly one can find answers to the most complex problems today by reading the simple ...