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WASHINGTON – Sandra Pianalto, the president of the Cleveland Fed who has rotated to become a voting member of the Federal Open Market Committee, on Tuesday said past Federal Reserve interest rate and monetary policy decisions have worked as she hinted she…

U.S. consumer credit surged in November by the most since November 2001, rising 10.0 percent on higher credit card debt and more student loans doled out by the government, a Federal Reserve report showed on Monday. The $20.37 billion increase in outstanding consumer…

WASHINGTON – U.S. consumers increased their debt in November by a seasonally adjusted $20.4 billion, the largest increase since November 2001, the Federal Reserve reported Monday. Monthly debt rose at a 10% annual rate in November, a much faster pace …

WASHINGTON – Building on a Federal Reserve paper on the housing market released earlier this week, a key Fed president on Friday called for new ways to improve the market, notably an increase in mortgage refinancing and “earned” principal reduction for…

The White House is not considering a massive trillion-dollar mortgage refinance program, an Obama administration official said in an email to MarketWatch Thursday. The comment comes after a day of speculation that the Obama administration might consider such a program, stemming, in…

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