Greenspan: Rising Stock Markets Are Key to Recovery

The former Fed chief told CNBC Friday that the Fed’s policy to boost liquidity is helping stock values. “I think we are underestimating. . .how important asset prices, very specifically equity prices, are not only to shareholde…

ECB Leaves Rates Unchanged; Markets Await Word from Trichet

The European Central Bank left interest rates unchanged for a 20th straight month.

Officials at the ECB in Frankfurt left the benchmark lending rate unchanged at 1%, Bloomberg News reported. The move was widely forecast by analyst and economists.

A…