<div><p>The United States has entered a recession, the head of the San Francisco branch of the Federal Reserve, the nation's central bank, said Tuesday.</p><p>"The recent flow of economic data suggests that the economy was weaker than expected in the third quarter, probably ...
<div><p>The United States "appears to be in a recession," Janet Yellen, the head of the San Francisco branch of the Federal Reserve, has said.</p><p>"The recent flow of economic data suggests that the economy was weaker than expected in the third quarter, probably ...
<div><p>A top Federal Reserve official raised new fears about the health of the US economy, adding to worries of a global slowdown while nations are already battling a serious crisis in money markets.</p><p>The comments came as the United States unveiled plans to ...
<div><p>Federal Reserve chairman Ben Bernanke said Wednesday that a recovery from the financial crisis "will not happen right away" but that the US economy will eventually emerge "with renewed vigor."</p><p>Speaking to the Economic Club of New York, the Fed chairman said that ...
<div><p>Emergency measures to tackle the financial crisis provided little relief for nervous investors Thursday, as stock markets around the world took a battering on fears of a global recession ahead.</p><p>With most analysts now considering a US recession inevitable, markets looked beyond the ...
<div><p>SAN FRANCISCO (Reuters) - U.S. benchmark lending rates could stay near zero for a couple of years based on the amount of slack now in the economy, San Francisco Federal Reserve Bank President Janet Yellen said on Tuesday.</p><p>"My staff has looked at ...
<div><p>COEUR D'ALENE, Idaho (Reuters) - The Federal Reserve knows it needs to tighten monetary policy once the U.S. economy is on a stronger footing, but the early stages of recovery will be painfully slow, San Francisco Fed President Janet Yellen said on ...
<div><p>SAN FRANCISCO (Reuters) - The U.S. economy is starting to climb out of a "deep hole" but with a tepid recovery likely it will remain vulnerable to shocks, a top Federal Reserve policy-maker said on Monday.</p><p>Janet Yellen, president of the San Francisco ...
<div><p>WASHINGTON (Reuters) - An improving U.S. economy has exposed a widening rift at the Federal Reserve over how quickly to scale back the central bank's aid measures, a debate that will be front and center when policy-makers meet next week.</p><p>A steady drumbeat ...
<div><p>SANTA BARBARA, California (Reuters) - The time for the U.S. Federal Reserve to start pulling back its extensive support for the economy is not close at hand and policymakers have time to decide what sequence of steps they will take, San Francisco ...
