WASHINGTON — Janet Yellen officially took over the leadership of the Federal Reserve on Monday — and along with it a delicate task: Unwinding the Fed’s extraordinary economic stimulus without spooking investors or slowing a still-subpar economy. Yellen, the first ...Read More »
Author Archives: Martin Crutsinger, AP Economics WriterFeed Subscription
WASHINGTON — The Federal Reserve is pushing ahead with a plan to shrink its bond-buying program because of a strengthening U.S. economy. It’s doing so even though the prospect of reduced Fed stimulus and higher U.S. interest rates has rattled ...Read More »
WASHINGTON — The press called it an early Christmas present for President Woodrow Wilson: On Dec. 23, 1913, Congress passed legislation creating the Federal Reserve. Hours later, Wilson signed the Federal Reserve Act into law. No one at the White ...Read More »
WASHINGTON — The U.S. economy grew at a solid 4.1 percent annual rate from July through September, the fastest pace since late 2011 and significantly higher than previously believed. Much of the upward revision came from stronger consumer spending. The ...
Tagged with: Commerce Department Congressional Budget OFfice Fed Chairman Ben Bernanke GDP grew at 4.1 percent from July through September 2013 National Association for Business Economics stronger consumer spending U.S. economyRead More »
WASHINGTON — Janet Yellen said Thursday that the U.S. economy has regained ground lost to Great Recession but still needs the Federal Reserve’s support because unemployment remains too high at 7.3 percent. Yellen made those comments in testimony to the ...Read More »
DALLAS — American Airlines, US Airways and the U.S. Justice Department say that they have agreed on a mediator to try to settle the government’s lawsuit against the airlines’ proposed merger. But if they can’t settle, the sides are preparing ...Read More »