Government And Institutions

Federal Reserve Chair Janet Yellen says the Great Recession complicated the Fed's ability to assess the U.S. job market and made it harder to determine when to adjust interest rates.

The central bankers meeting this week at their annual conference in Jackson Hole, Wyoming, aren't exactly in sync.

Shadowing central bankers and economists at the Federal Reserve conference here, a group of about 10 demonstrators pressed Fed Chair Janet Yellen not to yield to pressure to raise interest rates.

Investors appear to be putting their money on the likelihood of more stimulus measures from the European Central Bank to keep the eurozone's shaky recovery from stalling.

Asian stocks got a slight boost from Wednesday from positive U.S. economic figures that reinforced expectations of eventual Fed rate hikes and a stronger dollar, while European markets drifted lower.

Consensus among policymakers at the Bank of England has been shattered, with two of nine members of the monetary policy committee voting to increase interest rates from a record low of 0.5 percent.

Janet Yellen has won credit for guiding the Federal Reserve's first six months of transition from the Ben Bernanke era.

Janet Yellen has won credit for guiding the Federal Reserve's first six months of transition from the Ben Bernanke era.

The stock market isn't the only place that's been signaling jitters among investors.

Global stock markets were uninspired by an upbeat report on the U.S. economy, with most drifting lower Thursday after the U.S. Federal Reserve said it would make further cuts to its monetary stimulus as expected.

The Philippine central bank has raised its key interest rate by a quarter percentage point to counter inflation.

Below is the statement the Fed released Wednesday after its policy meeting: Information received since the Federal Open Market Committee met in June indicates that growth in economic activity rebounded in the second quarter.

The Federal Reserve will likely end a policy meeting Wednesday with a lot of questions unanswered: When will it start tightening its benchmark short-term interest rate to make sure future inflation remains under control? How will it do so? And when will the Fed start reducing its enormous investment holdings — a move that will put upward pressure on interest rates? Chair Janet Yellen gave few hints about the answers to such issues when she testified to Congress this month.

This much is clear: The Federal Reserve will make another cut this week in its monthly bond purchases, which have been aimed at keeping long-term loan rates low.

The International Monetary Fund foresees the global economy expanding less than it had previously forecast, slowed by weaker growth in the United States, Russia and developing economies. ...

The Labor Department reports on U.S. consumer prices in June.

A Federal Reserve survey indicates the economy kept expanding in all regions of the country in June and early July, helped by strength in consumer spending.

Federal Reserve Chairwoman Janet Yellen has some good news for Congress this week about the health of the labor market.

ECB President Mario Draghi is likely to face questions on what can be done to reduce the value of the euro when he faces lawmakers at the European Parliament later, amid further signs that the recovery in the 18-country eurozone is faltering.

Gold prices climbed Wednesday amid expectations that the Federal Reserve will keep interest rates at record lows.