Federal Reserve Bank of Boston president Eric Rosengren, a consistent backer of record stimulus who votes on policy this year, said the Fed refrained from tapering its bond purchases last month because growth was lower than forecast and fiscal policy posed a risk to the outlook.

A 22-year-old Bangladeshi man who begged for leniency after pleading guilty to terrorism charges for trying to blow up the Federal Reserve Bank in New York has been sentenced to 30 years in prison.

Sweets to the rescue as chimps take over

The London market edged forward today as takeover talk provided the main focus on an otherwise slow day for traders.

Takeover news provided the main focus on the London market today following a spate of announcements from FTSE 100 and second-tier stocks.

I HAVE just returned from a conference in Boston run by the Federal Reserve Bank of Boston on prospects for the US economy. The conference was addressed by most of the luminaries in the world of US economics, including Fed chairman Ben Bernanke.

TIME magazine has named Federal Reserve Bank chairman Ben Bernanke its 2009 Person of the Year.

President Barack Obama’s closest economic advisors are signalling that the financial crisis will require more money and more US government intervention to correct.

The US Federal Reserve signalled today that it will keep using unconventional tools to cushion the fall-out, including keeping a key interest rate at a record low for quite "some time".

Barack Obama “will move as quickly as he can” to set up the team who will help him rule America as its first black president, his chief strategist said today.

Wall Street advanced in uneven trading today after a drop in oil prices and an unexpected gain in new home sales encouraged investors to put money back into the market.

DON’T write the economy off just yet was the message this week from Bank of Ireland.

THERE has been an implicit assumption since the US subprime scandal broke last August and the Federal Reserve Bank started to cut interest rates, that the ECB had almost a moral obligation to take the lead from the US central bank by cutting rates immediately.

Stocks pulled back sharply on Wall Street today after major US banks said they would set up a fund to help bail out the credit markets and as oil prices surged to 86 dollars a barrel for the first time.

AS Europe heads into its fastest growth period in six years, the euro’s rise could put an end to the party even before it gets into full swing.

Manufacturing in New York state improved less than forecast this month, suggesting factories are guarded about boosting production or hiring to keep up with demand, a Federal Reserve survey showed yesterday.

A drop in oil prices and upbeat outlooks from Wal-Mart and Lowe’s prompted some bargain-hunting on Wall Street, sending stocks sharply higher today, with the swing exaggerated by thin late summer trading. The Dow Jones industrials surged nearly 130 points higher.

FEARS that the dollar is heading for a crisis were raised yesterday as the euro broke through $1.27 for the first time.

A small plane has crashed into the Federal Reserve Bank Building in Miami.

The president of the Federal Reserve Bank of New York has used a September 11 commemoration speech to call on corporations to cut the pay of executives.

The president of the Federal Reserve Bank of New York used a September 11 commemoration speech to call on corporations to cut the pay of executives.