Headlines

Greenspan's last act: 14th Fed rate hike

WASHINGTON, Jan. 31 (UPI) -- The Federal Reserve said Tuesday it was raising a key interest rate by a quarter of a point to 4.5 percent, its 14th consecutive such move.

Senate committee OK's Bernanke nomination

WASHINGTON, Nov. 16 (UPI) -- The U.S. Senate Banking Committee on Wednesday approved the nomination of Ben Bernanke as the next head of the Federal Reserve.

Corporate news, gas costs hit U.S. stocks

NEW YORK, Oct. 25 (UPI) -- Downbeat corporate news and soaring energy prices Tuesday cut U.S. stocks on all major indexes, a day after the biggest jump in six months.

Choice of Fed Reserve chair lifts stocks

NEW YORK, Oct. 24 (UPI) -- Wall Street Monday welcomed the nomination of Ben Bernanke as the new head of the Federal Reserve, with stocks up dramatically on all indexes.

Bush names Ben Bernanke as next Fed chair

NEW YORK, Oct. 24 (UPI) -- Ben Bernanke, head of President Bush's Council of Economic Advisers, was nominated Monday to be the next head of the Federal Reserve.

Bush eyes Lawrence Lindsey for Fed post

WASHINGTON, Aug. 4 (UPI) -- The White House has expanded its search for someone to replace the head of the central bank beyond the halls of academe.

Bush negative on some GOP pension plans

WASHINGTON, July 19 (UPI) -- The White House is unlikely to support Social Security reform proposals that create private accounts but don't address long-term funding woes.

White House vets Fed candidate

WASHINGTON, July 5 (UPI) -- The White House is mulling an academic economist and former member of President George W. Bush's Council of Economic Advisers, for Federal Reserve governor.

'Inverted yield curve' puzzles economists

NEW YORK, June 2 (UPI) -- The inability of the U.S. central bank to raise interest rates has created a cottage industry among world economists mystified by falling bond yields.

Fed: Communication key to steady economy

DAYTON, Ohio, March 30 (UPI) -- It is in the Federal Reserve's best interest to communicate effectively with financial markets, a Fed governor said Wednesday.

The Bear's Lair: Thank you, Mr. Greenspan

WASHINGTON, March 7 (UPI) -- "Thank you, Mr. Chamberlain," caroled the musical British after prime minister Neville Chamberlain returned from signing the 1938 Munich Agreement. This week, a
MARTIN HUTCHINSON

CPI rises tame 0.1 percent

NEW YORK, Feb. 23 (UPI) -- The U.S. Labor Department said Wednesday inflation at the consumer level remained tame in January despite an acceleration in the growth of food and medical-care
FRANK SCHNAUE, UPI Business Correspondent

Fed upbeat on productivity outlook

NEW YORK, Jan. 19 (UPI) -- Federal Reserve Board Governor Ben Bernanke said Wednesday the productivity outlook for 2005 looks bright.

Fed: Global bank rules needed

PHILADELPHIA, Jan. 7 (UPI) -- Federal Reserve Governor Ben Bernanke said Friday there are challenges in implementing banking safety rules worldwide.

Bernanke favored to head economic panel

WASHINGTON, Dec. 17 (UPI) -- The U.S. Federal Reserve's Ben Bernanke has emerged as the likely replacement for Greg Mankiw as chairman of the White House council of economic advisers.

Greenspan declines Treasury chief role

WASHINGTON, Dec. 16 (UPI) -- U.S. Federal Reserve Chairman Alan Greenspan was approached by senior Republicans about becoming Treasury secretary, the Financial Times said Thursday.

PPI, consumer sentiment rise

The Labor Department said Friday the producer price index, a key measure of inflation at the wholesale level, rose 0.5 percent in November after jumping 1.7 per
FRANK SCHNAUE, UPI Business Correspondent

Jobless claims jump, imports slow

NEW YORK, Dec. 9 (UPI) -- The Labor Department said Thursday the number of U.S. workers filing first-time applications for state unemployment benefits climbed to a 10-week high last week
FRANK SCHNAUE, UPI Business Correspondent

Fed: Don't just look at fed funds rate

WASHINGTON, Dec. 2 (UPI) -- Federal Reserve Governor Ben Bernanke said Thursday interest rates alone cannot provide an accurate snapshop of the economy.

U.S. inflation skyrockets on costly oil

WASHINGTON, Nov. 16 (UPI) -- The Labor Department said Tuesday the producer price index, a key measure of inflation at the wholesale level, rose at its fastest pace in October since January
FRANK SCHNAUE, UPI Business Correspondent

U.S. hiring soars by 337,000 in October

WASHINGTON, Nov. 5 (UPI) -- The U.S. economy posted a surge in hiring in October which increased the odds that the Federal Reserve will deliver a steady diet of rate increases rather than
FRANK SCHNAUE, UPI Business Correspondent

Fed: Oil not only factor deteriming rates

ALBANY, Ga., Oct. 21 (UPI) -- Oil prices will not have a direct influence on monetary policy, Federal Reserve Governor Ben Bernanke said Thursday.

PPI and retail sales rise

The Labor Department said Friday U.S. wholesale prices rose modestly in September, restrained by falling energy prices.
FRANK SCHNAUE, UPI Business Correspondent

Fed official: China should float currency

WASHINGTON, Oct. 14 (UPI) -- Federal Reserve Governor Ben Bernanke said Thursday China should aim to float its currency and have an independent monetary policy.

Bernanke: Oil hasn't lifted core inflation

ST. LOUIS, Oct. 8 (UPI) -- Federal Reserve Governor Ben Bernanke said Friday in St. Louis surging oil prices have not driven up core inflation rates.
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