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US Treasury secretary takes aim at Fed’s interest rate control system
Treasury Secretary Scott Bessent says the Fed's complex rate system needs simplification from challenges and large balance sheets.
Trump says he’s firing Fed Governor Lisa Cook, opening new front in fight for central bank control
Trump moved to fire Federal Reserve Governor Lisa Cook over mortgage fraud allegations, sparking a legal battle that could reach the Supreme Court.
Biden administration looking at climate change risks to financial markets
In a season of daunting wildfires and flooding, the Biden administration is taking an initial step to assess how climate change could harm financial markets.
Global stocks tumble after Britain votes to leave the EU
NEW YORK — Stocks are plunging in the U.S. and worldwide Friday after Britain voted to leave the European Union. The result stunned investors, who reacted by rushing to the […]
A year later, S&P downgrade of U.S. looks like a dud
WASHINGTON — The rating agency Standard & Poor’s stunned the world a year ago by stripping the U.S. government of its prized AAA bond rating. The downgrade of long-term U.S. […]
Bernanke signals no imminent steps to aid economy
WASHINGTON — Chairman Ben Bernanke said the Federal Reserve is prepared to take further steps to lift the U.S. economy if it weakens. But he didn’t signal any imminent action […]
Bernanke says more Fed action is possible
WASHINGTON — Federal Reserve Chairman Ben Bernanke left open the possibility Wednesday of further Fed action to stimulate the economy. Speaking at a news conference, Bernanke walked a fine rhetorical […]
Judge rejects $285M SEC-Citigroup agreement
NEW YORK — A federal judge on Monday struck down a $285 million settlement that Citigroup reached with the Securities and Exchange Commission, saying he couldn’t tell whether the deal […]
Dow drops 419 points in another down day
NEW YORK — Just when Wall Street seemed to have settled down, a barrage of bad economic reports collided with fresh worries about European banks Thursday and triggered a global […]
Fed still faces challenges keeping economy growing
WASHINGTON — We may be into the second year of the economic recovery, but Federal Reserve Chairman Ben Bernanke and his colleagues are still facing plenty of challenges as they […]
Tourist bargains available in Europe this summer
LONDON — Airfares have repeatedly risen this year, the dollar has struggled against the euro, and Europe’s economic crisis is still rattling financial markets. Americans planning their summer vacations could […]
