| Obama seeks new powers at home, G20 action abroad Facing a political storm over bonuses paid to AIG () employees after the insurance giant was rescued with taxpayer money, U.S. Treasury Secretary Timothy Geithner and Federal Reserve Chairman ...[more] |
| Fed's Bullard: Target inflation to foil deflation St Louis Federal Reserve Bank President James Bullard said that committing to increase the money supply, or quantitative easing, could help prevent a Japan-style deflation, which he called a ...[more] |
| Fed's Evans: U.S. growth should resume this year "I think the U.S. economy will certainly begin to grow by the end of this year. I think the unemployment rate will begin to decline sometime in 2010, though I think it's going to take some ti ...[more] |
| Fed's Duke warns on U.S. regulatory loan crackdown Duke also said the Fed is working with other regulators to monitor daily the liquidity positions of major banking organizations and is looking beyond the current crisis to conduct a broad exa ...[more] |
| Fed's Bullard: Target inflation to foil deflation St Louis Federal Reserve Bank President James Bullard said that committing to increase the money supply, or quantitative easing, could help prevent a Japan-style deflation, which he called a ...[more] |
| Bernanke: AIG shows urgent need for new regulations "AIG highlights the urgent need for new resolution procedures for systemically important nonbank financial firms," Bernanke said in prepared testimony to the House of Representatives Committe ...[more] |
| Much more than size matters in fighting recession Forecasters believe the euro zone economy will have the dubious honor of shrinking even more this year than the United States', where all the global trouble began. That prospect is fu ...[more] |
| World's airlines seen losing billions this year The International Air Transport Association had estimated in December the industry would lose $2.5 billion in 2009. "The state of the airline industry today is grim. Demand has deteri ...[more] |
| U.S. Air sees '09 profit but business demand falling Speaking at a US Airways media event, Kirby also said demand for business travel is slowing and the pricing environment is weakening. The airline industry has been battered this year ...[more] |
| Geithner, Bernanke reject new global currency idea In a congressional hearing on Capitol Hill, U.S. Rep. Michele Bachmann, a Minnesota Republican, asked Geithner: "Would you categorically renounce the United States moving away from the dollar ...[more] |
| HIGHLIGHTS: Geithner, Bernanke and Dudley testify on AIG BERNANKE ON NEED FOR NEW REGULATORY AUTHORITY: "First, AIG highlights the urgent need for new resolution procedures for systemically important non-bank financial firms. If a federal a ...[more] |
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