IMF: Fed should delay raising rates

IMF: Fed should delay raising rates

The International Monetary Fund suggested on Wednesday that the Federal Reserve should raise interest rates early next year and shrink the 2015 U.S. GDP growth forecast from 3.1 percent to 2.5 percent. IMF Managing Director Christine Lagarde said she and Federal...
Cook tells graduates: Find your North Star

Cook tells graduates: Find your North Star

WASHINGTON—Apple Inc. CEO Tim Cook told George Washington University graduates on Sunday to find their guiding stars. “Graduates, your values matter. They are your North Star,” Cook said as the university’s commencement speaker before 3,000 graduates and more than...
Greenspan sees another taper tantrum once rates rise

Greenspan sees another taper tantrum once rates rise

WASHINGTON — Former Federal Reserve Chairman Alan Greenspan warned on Wednesday that markets will get another “taper tantrum” when the Fed raises near-zero interest rates. “Just remember we had the taper tantrum. And we are going to get another one,” said Greenspan to...