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Fed chair Yellen faces first test before Congress

Fed chair Yellen faces first test before Congress

The health of the U.S. economy and the extraordinary and controversial measures the Federal Reserve has taken to support it will top the agenda on Tuesday when Janet Yellen testifies…

A weak month for hiring as unemployment drops

A weak month for hiring as unemployment drops

The weakest month of hiring in three years ended 2013 on a sluggish note and raised questions about whether the U.S. job market can sustain its recent strong gains. Employers…

Senate confirms Janet Yellin as new chairman of The Fed

Senate confirms Janet Yellin as new chairman of The Fed

The Senate confirmed Janet Yellen on Monday as the first woman to lead the Federal Reserve, elevating an advocate of fighting unemployment and a backer of the central bank’s efforts…

Fed taking ‘wait and see’ attitude on policy shift

Fed taking ‘wait and see’ attitude on policy shift

Federal Reserve officials are unlikely to make any shift to monetary policy this week as they wait for more evidence of how badly Washington’s budget battle has hurt the U.S.…

Obama nominates Janet Yellen to head the Federal Reserve

Obama nominates Janet Yellen to head the Federal Reserve

In a history-making selection, President Barack Obama nominated Janet Yellen to be chairman of the Federal Reserve, a critical post as the nation continues its fitful economic recovery. If confirmed…

Fed may reduce bond buying and stay with low interest ratess

Fed may reduce bond buying and stay with low interest ratess

The U.S. Federal Reserve is expected to begin its long retreat from ultra-easy monetary policy on Wednesday by announcing a small reduction in its bond buying, while stressing that interest…

Job growth could cause scaleback of stimulus

Job growth could cause scaleback of stimulus

U.S. job creation probably picked up in August, signalling a steady pace of economic growth that would give the Federal Reserve ammunition to start scaling back its massive monetary stimulus…

Needed for next Fed head

Needed for next Fed head

President Barack Obama says his next Fed chairman should take ordinary people into account when setting monetary policy. Obama tells The New York Times in an interview on the paper’s…

So, what will the future economy be? Who knows?

So, what will the future economy be? Who knows?

Politicians and economists are straining to get a clearer view of what the economy will look like a year from now, when midterm political campaigns are heating up. Republicans see…

Consumer spending down amid slowdown in economy

Consumer spending down amid slowdown in economy

Consumer spending fell in April for the first time in almost a year and inflation pressures were subdued, pointing to a slowdown in economic activity, which should allow the Federal…

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