US economy

New York taxi

The US is the world's biggest economy, and the dollar the global reserve currency. That means the actions of the US central bank, the Federal Reserve, which is tasked with maintaining growth and controlling inflation, affect us all.

Recent articles (3)

GM's Chevrolet Corvette ZR1

Battered companies queue up for help in the US

(14 November 08)

The list of American companies wanting hand-outs from the Federal Reserve is getting longer - and the markets are starting to worry about the US government's credit rating.

Ben Bernanke

How the Federal Reserve has shifted its focus

(14 November 08)

The US Federal Reserve has rewritten its mission and is now sailing in uncharted waters. And while the US dollar may be on a high right now, the Fed's actions could have dire consequences for the greenback.

US Federal Reserve building

More US bail-outs – but where's the money going to come from?

(11 November 08)

The US Federal Reserve is making another $65bn of public money available to insurance giant AIG, and plenty of other companies are joining the queue for taxpayers’ cash, says John Stepek. But how many more bail-outs can the US sustain before its own creditworthiness comes into question?