Stories by Martin Crutsinger

Tuesday, April 15, 2014

Bank rules might need to be strengthened, Yellen says

WASHINGTON - The Federal Reserve may be about to turn more aggressive in its regulation of the financial system. Fed Chair Janet Yellen suggested Tuesday that current regulatory rules might not be ...
By Martin Crutsinger

Monday, April 14, 2014

US retail sales up 1.1 percent

WASHINGTON - U.S. retail sales in March rose by the largest amount in 18 months, led by strong gains in sales of autos, furniture and a number of other products.
By Martin Crutsinger

Tuesday, March 25, 2014

Consumer confidence rises

WASHINGTON - U.S. consumer confidence has rebounded to the highest reading in six years, providing a further sign that the economy's prospects should brighten with warmer weather.
By Martin Crutsinger

Wednesday, March 19, 2014

Fed clarifies guidance on short-term rates

Janet Yellen says Fed intends to keep short-term rates near zero for a "considerable" time and would raise them only gradually.
By Martin Crutsinger

Thursday, Feb. 27, 2014

Yellen says Fed is monitoring softer data

Federal Re­serve Chairwoman Janet Yel­len noted Thursday that recent economic data have pointed to weaker-than- expected gains in consumer spending and job growth.
By Martin Crutsinger

Friday, Feb. 21, 2014

2008 transcripts show Fed struggling to grasp crisis

The Federal Reserve agonized in 2008 over how far to go to stop a financial crisis that threatened to cause a recession and at times struggled to recognize its speed and magnitude, according to ...
By Martin Crutsinger

Tuesday, Feb. 11, 2014

Expect continuity at the Fed, Yellen says

In her first public comments since taking over the top Fed job, Yellen said she expects a "great deal of continuity" with Ben Bernanke.
By Martin Crutsinger

Wednesday, Jan. 29, 2014

Fed to reduce bond purchases

WASHINGTON - The Federal Reserve is pushing ahead with a plan to shrink its bond-buying program because of a strengthening U.S. economy. 
By Martin Crutsinger

Friday, Jan. 3, 2014

2014 could feature better economy, Bernanke says

WASHINGTON - Federal Reserve Chairman Ben Bernanke said Americans' finances have improved and the outlook for home sales is brighter. He also expects less drag from federal spending cuts and tax ...
By Martin Crutsinger

Wednesday, Dec. 18, 2013

Fed will begin to reduce bond purchases in January

The Fed said in a statement after its policy meeting ended Wednesday that it will trim its $85 billion a month in bond purchases by $10 billion starting in January.
By Martin Crutsinger

Tuesday, Dec. 17, 2013

Fed aid expected to continue

Most economists think the Fed will maintain the pace of its monthly bond purchases to keep long-term loan rates low to spur spending and growth.
By Martin Crutsinger

Thursday, Nov. 14, 2013

Yellen stands by Fed's policies

WASHINGTON - Janet Yellen made clear Thursday that she's prepared to stand by the Federal Reserve's extraordinary efforts to pump up the economy when she's chairman.
By Martin Crutsinger

Thursday, Nov. 7, 2013

US shows solid third-quarter growth

WASHINGTON - The U.S. economy showed surprising growth from July through September just before the government's partial shutdown.
By Martin Crutsinger

Monday, Oct. 7, 2013

Americans cutting back on credit cards

Americans cut back on using their credit cards in August for a third straight month, a sign that consumers remain cautious about spending.
By Martin Crutsinger

Wednesday, Sept. 18, 2013

Federal Reserve won't adjust stimulus

WASHINGTON - In a surprise that sent the stock market soaring, the Federal Reserve concluded Wednesday that the U.S. economy isn't yet healthy enough for the central bank to ease its stimulus even ...
By Martin Crutsinger

Thursday, Aug 29, 2013

Growth might lead Fed to slow bond buys

WASHINGTON - A stronger-than-expected rise in U.S. economic growth last quarter will likely strengthen the hand of Federal Reserve officials who want to slow the Fed's bond purchases next month.
By Martin Crutsinger

Thursday, Aug 8, 2013

Jobless claims reach low

The measure of US jobless claims over the past 4 weeks hits 6-year low, signaling fewer layoffs.
By Martin Crutsinger

Wednesday, Aug 7, 2013

US consumer borrowing rises

WASHINGTON - Americans borrowed more in June to buy cars and attend schools. But they were frugal again with their credit cards, as many remain wary of taking on high-interest debt.
By Martin Crutsinger

Monday, July 8, 2013

US consumer borrowing increases

Ameri­cans increased their borrowing in May at the fastest pace in a year. Borrowing in the category that includes credit cards reached its highest point since the fall of 2010.
By Martin Crutsinger

Wednesday, June 19, 2013

Fed closer to slowing bond purchases

WASHINGTON — Chair­man Ben Bernanke ended weeks of speculation Wednes­day by saying the Federal Reserve will likely slow its bond-buying program later this year and end it next year.
By Martin Crutsinger

Top headlines

New chair gets vet off-road to fish

Army veteran Henry Kent's new Action Trackchair has attachments for fishing, with a holder for his fishing pole and a built-in tackle box, but others can be outfitted with gunracks for hunting.
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