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Federal Reserve

President Barack Obama claps during a press conference to nominate Janet Yellen to head the Federal Reserve, October 9, 2013. (credit: Win McNamee/Getty Images)

Brooklyn Native Janet Yellen Nominated To Head Federal Reserve

Yellen graduated from Brown and Yale and taught at Harvard, but Brooklyn Borough President Marty Markowitz said her trajectory to success began before she ever arrived as those distinguished institutions.

10/09/2013

Traders work the floor of the New York Stock Exchange . (Photo by John Moore/Getty Images)

Stocks Close At Record High After Bernanke Allays Stimulus Fear

The stock market closed at a record high after Federal Reserve Chairman Ben Bernanke said the central bank would continue to support the U.S. economy.

07/11/2013

'Hidden Order' by Brad Thor

Beach Reads: ‘Hidden Order’ By Brad Thor

The book centers around the Federal Reserve. If you think the Fed, isn’t interesting fodder for a thriller, check this book out to see just how wrong you are.

07/03/2013

(credit: Image via CBS 2)

Bangladesh Diplomats To Meet With U.S. Officials About NYC Terror Suspect

Quazi Mohammad Rezwanul Ahsan Nafis was arrested Wednesday in an FBI sting operation. A criminal complaint said he made several attempts to blow up a fake 1,000-pound the bomb inside a vehicle parked next to the Federal Reserve.

10/19/2012

Quazi Mohammad Ahsanullah, the father of Bangladeshi national Quazi Mohammad Rezwanul Ahsan Nafis, holds a portrait of his son in Dhaka on October 18, 2012. (Photo credit: STRDEL/AFP/Getty Images)

Family Of Federal Reserve Bomb Plot Suspect Calls Arrest ‘Racist Conspiracy’

Quazi Nafis was arrested by the FBI Wednesday after making several attempts to detonate a fake 1,000-pound bomb inside a vehicle parked next to the Federal Reserve on Liberty Street, according to a criminal complaint.

10/18/2012

(credit: Image via CBS 2)

Feds Arrest Suspect In Terror Plot Targeting Federal Reserve Bank

Quazi Mohammad Rezwanul Ahsan Nafis is charged with attempting to use a weapon of mass destruction. He is currently being held without bail and, if convicted, faces life in prison.

10/17/2012

Treasury Secretary Timothy Geithner testifies to Congress on the AIG bailout (Photo by Ann Heisenfelt/Getty Images)

Opinion: Auto And Bank Bailouts Prove Effective

On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.

09/11/2012

Gas Pumps (credit: clipart.com)

Analyst: Fairfield County Should Expect Lower Gas Prices Soon

Oil analyst Peter Beutel says prices are dropping and they should be reflected at the pump soon.

08/10/2011

Gas Pump (file / credit: Miguel Villagran/Getty Images)

Oil Analyst Peter Beutel Says Higher Interest Rates Could Mean Lower Gas Prices

Oil company earnings won’t drive down prices at the gas pump, but one oil analyst has an idea about what might.

04/25/2011

Former Federal Reserve chairman Paul Volcker (file / credit: JUNG YEON-JE/AFP/Getty Images)

Former Federal Reserve Chairman Paul Volcker Sounds Debt Warning In Stamford

Volcker says the nation’s growing debt level is an urgent issue, warning the country could reach a “tipping point” if debt gets too high.

04/12/2011

A car is filled with gasoline - File / Photo: THOMAS COEX/AFP/Getty Images

Area Gas Prices On The Rise As Fall Weather Descends

We used to hear that when the summer ends, gas prices go down, right? Wrong!

11/15/2010

New York Stock Exchange

Dow Jones Rockets To Highest Mark In 2 Years

Global stock markets staged an explosive rally Thursday, embracing a move by the Federal Reserve to try to rejuvenate the U.S. economy by buying $600 billion in Treasury bonds.

11/04/2010

(AP Photo/Richard Drew)

Stocks Waver Ahead Of Federal Reserve Decisions

Traders’ uncertainty has put a big September rally on hold, at least momentarily, before the central bank’s meeting Tuesday.

09/21/2010

(AP Photo/Richard Drew)

Stocks Cut Losses On Fed’s Economic Stimulus Plans

The stock market had a big comeback Tuesday after the Federal Reserve calmed investors’ nerves by announcing it would take small steps to stimulate the economy.

08/10/2010

(AP Photo/Richard Drew)

Stocks Cut Losses On Fed's Economic Stimulus Plans

The stock market had a big comeback Tuesday after the Federal Reserve calmed investors’ nerves by announcing it would take small steps to stimulate the economy.

08/10/2010