The Federal Reserve on Tuesday raised its estimate for economic growth next year and forecast lower unemployment ahead, although the jobless rate will stay uncomfortably high for at least the next three years.
Despite its fumbles, the Federal Reserve is crucial to a better regulatory regime. By MORTIMER ZUCKERMAN In the grip of our Great Recession, with more job losses to come, we have yet to fix the broken financial system that is...
AUDITING the Federal Reserve may or may not be a good idea, but one thing seems pretty sure: just discussing it seriously will tend to drive the price of gold higher. The US House of Representatives Financial Services Committee...
As we sit down this week to give thanks, investors face a cornucopia of blessings. Federal Reserve Chairman Ben Bernanke and other economists have proclaimed the end of the worst recession since the Depression. The leading...
The Strib's Joe Christensen reports that "there are indications the team hopes to have a new deal with [Joe] Mauer by Christmas." Um, "indications the team hopes to have. . ." So is it unclear whether the team really hopes to...
With gold now dislocating from its ordained function as a dollar collapse safe haven, and today being a rare example of when both gold spot and the DXY are up, it would appear there is nothing left that can prevent gold from...
For the first time after a year of contraction The U.S. economy grew 2.8 per cent in the three months ending in September, the Commerce Department reported Tuesday. The report shows the Gross Domestic Product —value of all...
WASHINGTON, Nov. 24 (Xinhua) -- The U.S. Federal Reserve (Fed) policymakers saw "the overall economic activity continued to rise in recent months," but labor market remained a major concern, according to documents released...
As the world begins to recover from the worst downturn since the Great Depression, the conventional wisdom is that we have employed lessons of the past effectively: a flood of money; a dose of fiscal stimulus; and an avoidance...
By Pedro da Costa and Mark Felsenthal WASHINGTON, Nov 24 (Reuters) - Federal Reserve officials are increasingly confident the U.S. economic recovery is sustainable, even if they do not see employment picking up soon, minutes...