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Author Archives: Martin Crutsinger, AP Economics Writer

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Fed to reduce pace of bond buying by another $10B (access required)

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 ...

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5 ways Fed’s influence has expanded over 100 years (access required)

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 ...

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US economy expands at 4.1 percent rate (access required)

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 ...

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Yellen stands by Fed’s low interest rate policies (access required)

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 ...

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