Federal Reserve

NORTH AMERICA

Federal Reserve chairman Ben Bernanke believes the US recovery remains on track and world's largest economy should avoid a double-dip recession.

U.S.

The US Senate passed legislation last night toughening regulation of the financial sector.

BONDS

The US Federal Reserve expects to hold its main interest rate at a near zero level for an "extended period".

Federal Reserve chairman Ben Bernanke has once again allayed fears of a double-dip recession saying the US is staging a "moderate economic recovery".

Former Federal Reserve chairman Alan Greenspan has defended his economic policy record at a US congressional hearing into the financial crisis.

The US Treasury expects to sell its 27% Citigroup stake before the end of the year as it looks to profit from one of the largest government investments of the financial crisis.

After beginning his investment career around the same time Ronald Reagan was elected to the White House, one could easily assume Bob Doll had very little left to learn in the fund management industry.