Mar 21, 2013 07:23 EDT
Asian markets were mixed Thursday as Chinese data showing manufacturing activity in the world's number two economy picked up in March, while Tokyo was lifted by renewed weakness in the yen.
Mar 20, 2013 23:19 EDT
Cypriot leaders are to decide on Thursday on a newly drawn up plan aimed at securing a bailout for the near-bankrupt eurozone member, after parliament rejected a controversial tax on savings.
Mar 20, 2013 16:39 EDT
The Federal Reserve kept its easy monetary policies in place Wednesday, saying high unemployment and the government's sharp spending cuts remain barriers to full recovery from the 2008 crash.
Mar 20, 2013 16:11 EDT
Cyprus ordered banks to stay shut for another five days as ministers scrambled Wednesday to draw up a Plan B aimed at securing a bailout after parliament rejected a controversial tax on savings.
Mar 20, 2013 14:57 EDT
Federal Reserve Chairman Ben Bernanke warned Wednesday that broad-based US government spending cuts could curb the economic and jobs recovery.
Mar 19, 2013 17:48 EDT
The euro sank 0.5 percent Tuesday as Cyprus threw its EU-IMF bailout in question when legislators rejected a controversial bank deposit tax meant to raise funds for the government.
Mar 18, 2013 16:10 EDT
The Federal Reserve looked set to keep its loose monetary policy in place this week as a shock Cyprus plan to seize bank deposits stoked fears of a reigniting eurozone banking crisis.
Mar 08, 2013 15:21 EST
A sharp fall in the unemployment rate Friday and a fresh all-time record for stocks show the US economy pulling away from its peers, gaining ground while Europe and Japan remain stagnant.
Mar 08, 2013 06:03 EST
Chinese commerce minister Chen Deming expressed concern Friday about loose central bank policies pushing down the value of major currencies, as the Japanese yen extended its recent falls.
Mar 07, 2013 13:30 EST
An influential group of leading world banks warned Thursday that central banks are pumping out too much easy money and markets risk becoming dangerously addicted to ultra-low interest rates.
Mar 06, 2013 16:44 EST
The US economy chugged along at a lackluster pace in recent weeks, according to a Federal Reserve report that left little reason to believe the Fed will abandon its loose monetary policy any time soon.
Feb 28, 2013 11:43 EST
The broad US "sequester" spending cuts that take effect beginning Friday will slow growth in the world's biggest economy and hit the global economy, the International Monetary Fund said Thursday.
Feb 28, 2013 09:39 EST
The US economy grew slightly in the fourth quarter last year, the government said Thursday, revising its prior estimate of a small contraction.
Feb 28, 2013 09:18 EST
New claims for US unemployment benefits fell last week to 344,000, in line with the recent trend after the previous week's spike higher, government data released Thursday showed.
Feb 28, 2013 06:36 EST
Asian markets rose Thursday after the Dow on Wall Street hit a more than five-year high, while the head of the European Central Bank soothed concerns over the eurozone.
Feb 28, 2013 03:41 EST
London shares opened higher on Thursday following a strong lead from Wall Street and helped by strong results from the owner of British Airways, dealers said.
Feb 27, 2013 18:28 EST
The United States was warned Wednesday that its chaotic budget politics could lead to a new credit downgrade as the country readied for the impact of steep automatic spending cuts that begin in two days.
Feb 27, 2013 17:23 EST
Strong reports on the US housing market and durable goods orders propelled stocks higher Wednesday, with the much-watched Dow index reaching its highest level in more than five years.
Feb 27, 2013 16:14 EST
Tokyo is set to name the next governor of the Bank of Japan and his two deputies on Thursday as the government ramps up its bid to breathe new life into the world's third-largest economy.
Feb 26, 2013 23:03 EST
President Barack Obama on Tuesday warned of potential devastation from looming spending cuts, but the bickering in Washington suggested lawmakers are too far apart to strike a timely compromise.
Facts from the Wikipedia page:
|Assumed office |
February 1, 2006
|Nominated by||George W. Bush|
|Preceded by||Alan Greenspan|
2005 – 2006
|President||George W. Bush|
|Preceded by||Harvey S. Rosen|
|Succeeded by||Edward Lazear|
Board of Governors of the Federal Reserve System
2002 – 2005
|Nominated by||George W. Bush|
|Born||December 13, 1953 |
|Alma mater||Harvard University (B.A.)|