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Federal Reserve Chairman Ben Bernanke will take a brief step back into his former life as a college professor.
A gauge of future economic activity rose in December, providing evidence the economy was gaining strength as the year ended.
A rebound in business spending on machinery and equipment lifted orders for long-lasting manufactured goods in December, offering more evidence that the economy is gaining momentum at the start of the year.
Timothy Geithner said Wednesday that he doesn't expect to serve a second term as Treasury secretary. He said he doesn't think President Barack Obama would ask him to remain if Obama won re-election.
The Federal Reserve's announcement that it is unlikely to raise its benchmark interest rate until late 2014 is simply its "best guess," Ben Bernanke said Wednesday.
What's next — cameras in the Federal Reserve's meetings?
The Federal Reserve has slightly reduced its outlook for U.S. economic growth this year but is a little more optimistic about the unemployment rate.
If Chairman Ben Bernanke decides the economy needs more help from the Federal Reserve this year, he probably won't face as much resistance as he did last year.
The Federal Reserve signaled Wednesday that a full economic recovery could take nearly three more years, and it went further than ever to assure consumers and businesses that they will be able to borrow cheaply well into the future.
The Federal Reserve has specified how it will begin signaling when its benchmark interest rate will rise and what the rate will be at points in the future.
Foreign demand for U.S. Treasury debt rose in November to the highest level ever, even as China trimmed its purchases for a second straight month.
The U.S. trade deficit widened in November for the first time in five months, largely because of a spike in the price of imported oil.
Ben Bernanke presided over his first meeting as Federal Reserve chairman in March 2006 believing the nation's economy could pull off a "soft landing" from falling home prices. Three months later, Bernanke had begun to grasp that he and others had underestimated the risk housing posed to the economy.
U.S. factories are roaring back from the depths of the recession, cranking out more machinery, vehicles and energy.
Businesses increased their stockpiles in November to meet rising consumer demand, a gain that likely boosted economic growth in the final months of last year.
Retail sales barely rose in December, but the gain was enough to lift sales to a record level for 2011. It marked the largest annual increase in more than a decade.
The Federal Reserve said Wednesday that all but one of its 12 banking districts experienced some growth from late November through the end of the year.
The Federal Reserve paid the federal government $76.9 billion in 2011, the second highest amount in history. The central bank earned the money from investments made to bolster the U.S. economy.
Wholesale businesses barely increased their stockpiles in November, even though their sales grew strongly.
Americans are feeling confident enough in the economy to go back to a time-honored tradition — taking on a little extra debt.
U.S. service companies grew at a faster pace in December, helped by an economy that gained strength in the final months of the year.
Treasury Secretary Timothy Geithner will travel to Beijing and Tokyo next week for discussions about the global economy and Iran sanctions.
Orders for factory-made goods that signal business investment plans fell for a second straight month, part of a mixed report on manufacturing in November.
In a major shift, the Federal Reserve will start announcing four times a year how long it plans to keep short-term interest rates at existing levels, according to minutes from its December policy meeting.
Construction spending jumped in November as builders spent more on single-family homes, apartments and remodeling projects.
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