Federal Reserve

With inflation higher than it has been in over 40 years, the Federal Reserve will have to take some hard steps to bring the situation under control, and it won’t be pretty or easy for Montanans.

According to the Fed, nine states are expected to experience economic contraction in the next six months. Including Montana.

Federal Reserve Chairwoman Janet Yellen announced today that the Fed would raise short term interest rates for the first time since they bottomed out in 2008 during the recession.

WASHINGTON (AP) — President Barack Obama has given the clearest signal yet that Chairman Ben Bernanke will likely leave the Federal Reserve when his term ends in January.

A man drove from Long Island, New York, into Lower Manhattan earlier today in a van he thought was filled with explosives. He parked the van close to the Federal Reserve building, just a few blocks from the World Trade Center, and planned to detonate it using a cell phone from a nearby hotel. The explosives, however, were fake.