The Federal Reserve, the institution tasked with guarding the economy against inflation and financial instability, has long made headlines for its words as well as its actions. An utterance from the chairman can help reassure financial markets or raise concerns about the economy. Now the central bank is moving to explain itself more openly in its first-ever formalized press conferences, so the opportunity for Fed officials to make market-moving pronouncements may increase. Here's a look at some moments when a Fed chairman has made waves with his words.
With both interest rates and prices so low, this could be the ideal time to redesign the tax subsidy for home ownership, Gleckman writes. That goes against many who say that the housing market remains so shaky that ending the deduction would send home prices back into a tailspin.
The Monitor’s language columnist looks at the proliferation of 'C-level' job titles.
Although existing home sales dipped last month, foreign buyers are snapping up US homes. In some markets, they may be putting an end to the downturn in existing home sales.
To become an economic powerhouse, India needs to educate as many as 100 million young people over the next 10 years – something never done before.
Pet insurance is now being offered by a Pennsylvania-based Capital Blue Cross. An estimated 1 million people have pet insurance, the company estimates.
The age of easy growth is over, but that isn't necessarily a bad thing