The latest news on Federal Reserve
Current and former Fed chairmen express pessimistic views about the future of the U.S. economy.
Fed may need to cut deeply to help cure lending problems.
And no, it isn't about the history of monetary policy.
Two views on the former Fed chairman’s show of support.
Bernanke's moves show the central bank has adopted an approach different from under Greenspan.
Goldman Sachs says the impact won’t be felt until this summer.
The Washington Whispers story reporting Fed chief Ben Bernanke's private worries that the economy is in even worse shape than he has admitted publicly landed with a thud in the markets today. About 10:30 a.m., with the Dow Jones industrial average down just 50 points, CNBC picked up the story, showing it twice on the TV screen from the floors of the exchange and Chicago Board of Trade. Within an hour, the Dow had dropped an additional 150 points.
Fed chair had a big reason for the rate cut: He thinks things are even worse than he has let on.
The central bank's dramatic move, signaling increased recession fears, is its largest cut since 1984.
Mortgage holders could get some relief, but savers will earn less interest.