STAFF BLOG CAPITOL CHATTER Update: Education debate about more spending, better economy
By Don Davis
A debate about education funding goes beyond helping individual students: There is widespread agreement that a better education system would help the economy.
However, there is less agree... Posted on 4/23/13 at 8:48 PM
The Fed pushed back the date for any likely increase in its benchmark interest rate by at least a year and a half, until late 2014 at the earliest. It said record-low rates are still needed to help boost an improving but still sluggish economy.
A late afternoon surge capped another wild day on Wall Street today, bringing the S&P 500 back from the brink of entering a bear market. Stocks jumped on reports that European officials were working on a joint effort to prop up the region's struggling banks.
Organizers who invited Ben Bernanke to speak to Minnesota business executives weren't disappointed that the Federal Reserve chairman dropped no hints about what the central bank might do to stimulate the lagging economy. Far from it.
Federal Reserve Chairman Ben Bernanke warned U.S. lawmakers
Thursday that they would deliver a "self-inflicted" wound to the nation's economy by holding up efforts to raise the government's borrowing limit.
Hope dimming for a broad debt-limit deal, Congress and the White House scrambled Wednesday to salvage deficit-reduction talks while top congressional Republicans said the nation cannot afford to default on its obligations — for economic reasons and their party's own good.
The folks who print America’s money have designed a high-tech makeover of the $100 bill. It’s part of an effort to stay ahead of counterfeiters as technology becomes more sophisticated and more dollars flow overseas, Federal Reserve Chairman Ben Bernanke says.
Jeannine Aversa and Martin Crutsinger
, April 21, 2010
The economic recovery is spreading to most parts of the country. Merchants are seeing better sales and factories are boosting production, but many companies are still wary of ramping up hiring, the Federal Reserve reported Wednesday.
Congressional power to “audit” the Fed would primarily serve to politicize monetary policy. If there is one thing that Washington can do right now to hurt future generations of Americans, it is to remove the Fed’s independence.
Embattled Federal Reserve Chairman Ben Bernanke won confirmation for a second term, but only by the closest vote ever for the crucial post and after withering criticism from U.S. lawmakers for bailing out Wall Street while other Americans suffered in recession.
Jeannine Aversa and Jim Kuhnhenn
, January 28, 2010
The economic recovery gained traction in late fall as shoppers spent a bit more and factories bumped up production. That assessment today by the Federal Reserve marked its most upbeat view since the economy tumbled into recession two years ago.
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