Federal Reserve

The US Federal Reserve expects to hold its main interest rate at a near zero level for an "extended period".

Federal Reserve chairman Ben Bernanke has once again allayed fears of a double-dip recession saying the US is staging a "moderate economic recovery".

Former Federal Reserve chairman Alan Greenspan has defended his economic policy record at a US congressional hearing into the financial crisis.

The US Treasury expects to sell its 27% Citigroup stake before the end of the year as it looks to profit from one of the largest government investments of the financial crisis.

A key witness in the damning inquiry into Lehman Brothers' collapse was laid off by the bank a month after raising concerns about the way it had accounted for $50bn of risky loans.

Henry "Hank" Paulson, the former US Treasury Secretary, admitted that he was wrong to accuse Britain of ruining the rescue of Lehman Brothers.

Britain could be forced to help bail-out some of Europe's crisis-hit economies with tens of billions of pounds, it is feared.

Federal Reserve chairman, Ben Bernanke, has defended the US central banks response to the credit crunch as he fights for a second term in office.

A member of The Bank of England's rate-setting committee said last night the economy had emerged from recession in the quarter between July and September - contradicting initial figures published by the Office for National Statistics (ONS), reports The...

The US dollar has fallen to a one-year low against the euro ahead of the G20 and Federal Reserve meetings.