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Central bank policymakers provided little guidance on the timing of a rate hike. They said slow growth in the first quarter it is likely transitory and that inflation is close to a goal of 2 percent.
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Former Federal Reserve Chairman Ben Bernanke discusses the contradictory partisan divide in people's views of the economy, the economy's health and the problem of those left behind by economic change.
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Jeffrey Lacker was under investigation for possibly disclosing confidential information to a Wall Street analyst in 2012. The Virginia bank president now says he regrets the role he "may have played."
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The vote to nudge benchmark interest rates higher was unanimous, the central bank says. The rate moves from the current 0.25-0.50 percent to a range of 0.50 and 0.75 percent.
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The U.S. added 178,000 new jobs in November, according to the Bureau of Labor Statistics, which was about what was expected. However, wages dropped slightly, after an 11-cent gain in October.
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Fed Chair Janet Yellen says that although job growth is rebounding, she sees no inflation threat and no hurry to raise rates. The Fed is not likely to do so before the presidential election.
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The Federal Reserve left interest rates unchanged at very low levels. Fed policymakers expressed worries about job growth, so they did not want higher rates to further cool hiring.
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As Fed Chair Janet Yellen tries to chart a course forward for the economy, there are some warning lights blinking on her radar. Wages are rising but there are worries that job growth may have stalled.
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Seattle Public Schools officials may soon get their best opportunity in years to open a public elementary school downtown, and various downtown interests…
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Home prices in the Seattle metro area in May showed their biggest monthly gain in more than 20 years, as a tight supply of homes and low interest rates…