Federal Reserve

Former Lehman Brothers CEO Dick Fuld believes the investment bank may have been able to survive if US authorities had given it the same assistance as its rivals.

The Federal Reserve is prepared to take "unconventional measures" to prop up the US economic recovery, said Ben Bernanke in a speech today.

The Dow Jones has made steady gains on the back of positive US economic news, allaying fears of a slowing economy.

The Federal Reserve plans to reinvest principal payments on its mortgage holdings into long-dated treasuries in an effort to revive the stuttering US economic recovery.

US stocks opened sharply lower today as investors await a crucial statement from the Federal Reserve which could signal further quantitative easing measures.

The US Senate has approved the largest overhaul of financial regulation since the Great Depression, which is aimed at averting a repeat of the recent credit crisis.

The euro rocketed to a two-month high of $1.29 and sterling jumped two cents to almost $1.54 after the Fed confessed that the US economy may not recover for five or six years.

Federal Reserve chairman Ben Bernanke believes the US recovery remains on track and world's largest economy should avoid a double-dip recession.

The US Senate passed legislation last night toughening regulation of the financial sector.

US Fed chief Ben Bernanke has told students money doesn't buy happiness, and they should spend time with friends instead.