The Bangladeshi man accused of trying to bomb the Federal Reserve building in New York City was a banker’s son from a middle class neighbourhood whose family says it was stunned by his arrest.

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The Federal Reserve's aggressive new plan to spark the U.S. economy boosted risk assets on Friday, sending global stocks to a 13-month high and driving the dollar to a more than four-month low against

The Federal Reserve launched another aggressive stimulus program on Thursday, saying it would pump $40 billion into the US economy each month until it saw a sustained upturn in the weak jobs market.

The US Federal Reserve appears set to launch a third round of unconventional monetary stimulus on Thursday while signaling that a weak U.S. economy may warrant ultra-low interest rates for at least an

Asian markets rose and the dollar remained subdued against the yen on Wednesday ahead of a US Federal Reserve meeting most economists expect will deliver fresh stimulus to kickstart the economy.

Comm

If Mario Draghi manages on Thursday to satisfy financial markets while forging a political consensus on how to lower southern Europe's sky-high bond yields, the European Central Bank chief should be o

When Federal Reserve policymakers meet next month to decide whether to take action to boost the economy, it will be a 'close call,' a top Fed official said on Thursday on the eve of a speech by chairm

Uncertainty over central bank action to fight slower global growth sent world shares and industrial commodity prices lower on Thursday, while nervousness ahead of a meeting of central bankers in the U

The Federal Reserve has room to deliver additional monetary stimulus to boost the U.S. economy, Fed chairman Ben Bernanke told a Congressional oversight panel in a letter.

"There is scope for further

The Federal Reserve is likely to deliver another round of monetary stimulus 'fairly soon' unless the economy improves considerably, minutes from the U.S. central bank's latest meeting suggested.

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