After last week's plunge, the dollar climbed against the euro in late New York trading as several government officials and President Bush voiced their support for a strong U.S. currency. ...more

June 10, 2008

The Federal Reserve delivered powerful new relief to people and businesses squeezed by the ailing economy Wednesday, cutting interest rates ever deeper in an effort to avert or at least soften the blow of a recession. ...more

January 31, 2008

Individuals and businesses are likely to see their borrowing costs drop further as the Federal Reserve weighs another interest-rate reduction to bolster a sagging economy. ...more

January 30, 2008

The Federal Reserve moved Tuesday to protect homebuyers from dubious lending practices, its most sweeping response to a mortgage meltdown that has forced record numbers of people from their homes. ...more

December 19, 2007

People taking out home mortgages may gain new protections soon against shady lending practices as the Federal Reserve seeks to back even the riskiest borrowers, already hit hardest by the housing and credit crunches. ...more

December 16, 2007

Federal Reserve policymakers are expected to slice a key interest rate for a third time this year in an effort to prevent troubles in the housing and credit markets from sinking the nation's economy. ...more

December 11, 2007

The head of the Federal Reserve, Ben Bernanke, is right to give no hint that interest rates will be cut again soon. ...more

November 14, 2007

The Federal Reserve sliced an important interest rate Wednesday - its second reduction in the last six weeks - to help the economy survive the strains of a deepening housing slump that is likely to crimp growth in coming months. ...more

November 1, 2007

The message from Ben Bernanke and his Federal Reserve colleagues is clear: The housing slump will drag on well into next year as credit problems linger. What's not so apparent is how they will deal with the crisis, although another interest rate cut could come this week. ...more

October 30, 2007

Ben Bernanke is just not that into you. Local experts say the Federal Reserve Board chairman probably was thinking about reassuring Wall Street and comforting the beleaguered credit markets Tuesday when he and his colleagues lowered the federal funds rate by half a percentage point. ...more

September 19, 2007