The Washington Independent

Posts Tagged dow

Bernanke States the Obvious About Interest Rate Hikes, Wall Street Flinches

By | 02.10.10 | 12:15 pm

Although the federal government is closed due to snow, Fed Chairman Ben Bernanke decided not to wait for today’s congressional hearing to be rescheduled to release his statement. In it, he pointed out something exceedingly obvious: The Fed’s actions to keep short-term interest rates at zero are going More…

WSJ: Dow Drops 600 Amid Fears Bailout Bill Will Fail

By | 09.29.08 | 1:57 pm

Normally when I see the Wall Street Journal flash breaking news like, “the Dow industrials fall more than 600 on fears bailout package vote will fail,” I’d shoot our economics reporter Mary Kane an email to ask her what to make of this. Unfortunately, Mary is out today, so More…