The Federal Reserve on Wednesday slashed its forecast for growth, raised projections for unemployment and said it was mulling the possibility of buying more mortgage debt to spur a struggling recovery

Federal Reserve chairman Ben Bernanke on Friday stopped short of detailing further action to boost the U.S. recovery but said the central bank would consider what more it could do to fight high unempl

Washington: America's central bank has slashed its outlook for the US economy projecting that jobless rate could exceed 8 per cent for two more years and it could take several years for the economy to