Interest Rate | featured news

Two senior Federal Reserve officials were upbeat Monday about the U.S. economic recovery despite the worsening debt crisis in Europe, but gave no indication the Fed is anywhere near raising interest rates.

The Federal Reserve sounded a more confident note Wednesday that the economy is strengthening but pledged to hold rates at record lows to make sure it gains traction.

Federal subsidies, low interest rates, falling home prices--find out how to get on board before these benefits run out.

The stock market continued its advance of the past month after the Fed said it would keep interest rates low to revive the economy.

Policymakers keep the rate at zero to 0.25% and vow to hold it low for an 'extended period.

Rates for 30-year home loans rose above the 5 percent threshold for the first time in three weeks, but remained near historically low levels....

Federal Reserve Chairman Ben Bernanke told Congress on Wednesday that a weak job market and low inflation would likely allow the central bank to keep interest rates at very low levels for a long time.

Bernanke detailed the Fed's strategy to tighten credit, indicating the rate paid to banks on excess reserves may for a time replace the fed funds rate as the main policy tool.

Focused on keeping the recovery going and driving down double-digit unemployment, the Federal Reserve is poised to leave interest rates at a record low.

Interest rates will remain unchanged until 2012 if the Fed sticks to the pattern set after the last two recessions, a Federal Reserve bank official said.