Content Tagged As interest_rates

4 years 6 months ago

Fed officials: record low rates still needed

Super-low interest rates are still needed to aid the economic recovery, but there's a chance that the Federal Reserve may have to start raising rates before the nation's unemployment rate drops significantly, a Federal Reserve official says. Dennis Lockhart, president of the Federal Reserve Bank of Atlanta, made his...

4 years 8 months ago

New credit card laws protect and restrict

Say good-bye to random interest rate hikes. Say hello to processing fees, annual fees, and fees we haven't even heard of yet. The new U.S. credit card act goes into effect Monday, protecting millions of consumers from what some call predatory practices by credit card companies. With those...

5 years 2 weeks ago

Fed boss sees no rush to boost rates

Federal Reserve Chairman Ben Bernanke sent a fresh signal yesterday that he's in no rush to reverse course and start boosting interest rates. The Fed's key bank lending rate is now at a record low near zero and will probably stay there for an "extended period," Bernanke said in a...

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