federal reserve

The Federal Reserve says some 96,000 borrowers who received checks to compensate them for wrongful foreclosures on their mortgages will be getting an additional check to correct for errors in the initial payment.

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The Federal Reserve is warning America's political leaders that their policies are hurting the economy.

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The Federal Reserve says the economy is getting better, but keeping interest rates low will continue to be on the menu for the economic recovery.

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Strong auto sales, better hiring and a continued housing recovery helped the U.S. economy grow in January and February throughout the country, according to a survey released Wednesday by the Federal Reserve.

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The Federal Reserve says growth "paused" in recent months and reaffirmed its commitment to boost a sluggish U.S. economy by keeping borrowing cheap for the foreseeable future.

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The Federal Reserve sent its clearest signal to date Wednesday that it will keep interest rates super-low to boost the U.S. economy even after the job market has improved significantly.

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The Federal Reserve said Wednesday that the U.S. economy is improving only moderately and still needs its support to help lower unemployment.

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Federal authorities in Philadelphia say an airport baggage handler has been charged with stealing $20,000 in a new type of $100 bill never released to the public.

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The Federal Reserve structured its latest stimulus program around the purchase of mortgage bonds after members agreed that helping a nascent housing recovery was a good way to lift the broader economy.

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The lone dissenter to the Federal Reserve's decision to launch a third round of bond buying to boost the economy says he doesn't think it will provide much help. He also says it runs the risk of making future inflation worse.

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