By JEANNINE AVERSA AP Economics Writer WASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke on Monday said the central bank will keep a close eye on the sliding U.S. dollar even as he pledged anew to keep interest rates at ...

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By ANNE FLAHERTY Associated Press Writer WASHINGTON (AP) — Senate Banking Committee Chairman Christopher Dodd on Tuesday called for sweeping new government powers to prevent another economic collapse, protect consumers and dismantle failing institutions. Dodd’s 1,100 page-draft would strip the ...

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By JEANNINE AVERSA AP Economics Writer WASHINGTON (AP) — Unemployment likely will remain high for the next several years because the economic recovery won’t be strong enough to spur robust hiring, Federal Reserve officials warned Tuesday. The cautionary note struck ...

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WASHINGTON (AP) — The Federal Reserve says GMAC is the only one of 19 stress-tested banks that needs more capital to withstand a future downturn. The Fed says GMAC is expected to get more taxpayer money from the $700 billion ...

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By JEANNINE AVERSA AP Economics Writer WASHINGTON (AP) — The Federal Reserve says many banks expect to tighten terms on credit cards in response to a new law that aims to protect consumers from sudden rate hikes. A quarterly survey ...

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By IEVA M. AUGSTUMS AP Business Writer CHARLOTTE, N.C. (AP) — Investors will get some guidance about the economy this week from data issued not by the government, but by big retailers in the form of third-quarter earnings reports. The ...

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By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — Consumers borrowed less for a record eighth straight month in September amid rising unemployment and tight credit conditions. Economists worry the declines in borrowing will drag on the fledgling recovery. The ...

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By JEANNINE AVERSA AP Economics Writer WASHINGTON (AP) — With the recession apparently over, the Federal Reserve on Wednesday held a key interest rate at a record low and again pledged to keep it there for an “extended period” to ...

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Jeannine Aversa AP Economics Writer Washington — Federal Reserve Chairman Ben Bernanke ran into more tough questions Wednesday on Capitol Hill about the central bank’s extraordinary actions to rescue the economy and its ability to take on even more responsibility. ...

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