Monetary Policy
WASHINGTON - Banks borrowed slightly less from the Federal Reserve's emergency lending program over the past week, but increased their use of other credit programs designed to ease the financial crisis.
NEW YORK - The dollar's appeal as a safe haven sent it higher against other major currencies Thursday after reports on housing and unemployment raised fears the U.S.
WASHINGTON - The dollar's appeal as a safe haven sent it higher in trading Thursday after reports on housing and unemployment raised fears that the economy will be weak next year.
WASHINGTON - A group of House Democrats are stepping up demands for greater transparency from the Federal Reserve after reports that the Fed mishandled the bailout of insurance giant American International Group Inc.
NEW YORK - The dollar mostly declined Wednesday, with the euro bumping up near $1.50 as a Federal Reserve official said in a speech that interest rates could possibly not rise until 2012 from their current record low near zero - if the Fed acts as it has before.
