Bernake Says Unemployment To Stay "Elevated"

Bernake Says Unemployment To Stay "Elevated"

Federal Reserve Chairman Ben S. Bernanke testified before the House Budget Committee today that he expects unemployment to “remain elevated” “for some time.” So if you were putting your job search on the back burner, thinking, “oh, I’ll just try harder when the economy gets better,” it might be time to reevaluate that strategy. [More]

Stocks Up After Fed Releases Minutes

Stocks Up After Fed Releases Minutes

The Federal Reserve Board, which sets US national monetary policy, released minutes from its latest meeting today, striking a tone of temperate growth. [More]

Fed Announces It Will Buy $600B In Treasuries

Fed Announces It Will Buy $600B In Treasuries

Today the Fed announces it will buy back $600 billion in Treasuries, a nuanced effort that aims to stimulate the economy by lowering interest rates. [More]