Federal Reserve Chairman Ben Bernanke

Why World Markets Focus on Tiny Jackson Hole, Wyo.

Every August, the world's financial markets shift their attention from the centers of global commerce to a mountain valley in northwest Wyoming. On Friday, they will hear a speech by Federal Reserve Chairman Ben Bernanke. So how did Jackson Hole, Wyo., come to wield such outsize importance in global economic affairs?

Fed Officials Weighed Need to Help Economy Further

Federal Reserve officials spoke with increased urgency at their last meeting about the need to provide more help for a weak U.S. economy. Many members felt further support would be needed "fairly soon" unless the economy improved significantly, the minutes of the July 31-Aug. 1 meeting show.

Yes, Stocks Are Extremely Volatile. But Don't Panic!

Investors are running scared after the earthquake and tsunami that devastated parts of Japan and left it with an ongoing nuclear crisis. Pain for Japan could easily infect the global economy. But when there's gloom in the air, there's also opportunity to buy on the dip and gain from the rebound.

Federal Reserve's Donald Kohn to Join Brookings Institution

The Federal Reserve's Donald Kohn, who has worked at the central bank for 40 years, will become a senior fellow at the Brookings Institution when he leaves the Fed next week. Kohn, 67, advised Fed Chairman Ben Bernanke throughout the financial crisis, and also served as a key adviser to former chairman Alan Greenspan. He first entered central banking as a researcher at the Federal Reserve Bank of Kansas City in 1970, and has served as a Fed governor and as head of the monetary affairs group.

The Fed Is Ready to Act if the Economy Slows

Federal Reserve Chairman Ben Bernanke wrapped up two days of testimony on Capitol Hill Thursday by reasserting the central bank's commitment to take further action if the the U.S. economy either slows substantially or grows too quickly, risking rising inflation.