Bernanke: Fed Rate Hikes May Pause (Stock Trading)
Bernanke: Fed Rate Hikes May Pause
Federal Reserve Chairman Ben S. Bernanke told Congress yesterday that he and his central bank colleagues may pause in the process of raising interest rates to restrain inflation but that would not necessarily mean they were finished.
Nell Henderson
Auto Slump Pulls Down Chrysler's First Quarter
Chrysler fell under the pressures afflicting the rest of the auto industry in the first quarter as its operating profit slid 52 percent from the corresponding period a year ago.
Sholnn Freeman
Dow Rises on Bernanke Testimony
Stocks edged higher today after Wall Street interpreted comments by Federal Reserve Chairman Ben S. Bernanke to mean that the Fed may soon take a break from its steady series of interest rate increases.
Jerry Knight
Lockhart Is Tapped for Housing Oversight Job
President Bush has named Deputy Commissioner of Social Security James B. Lockhart III to be the new top federal regulator of housing finance giants Fannie Mae and Freddie Mac, the White House announced yesterday.
Kathleen Day
Rising Costs Throw Wrench Into Counties' Building Plans
Frustrated by escalating costs and a shortage of materials, local governments in the Washington area have delayed or scaled back major construction projects and poured extra money into others once thought to be fully funded.
Bill Turque