By Joseph Lawler | 07/21/14 08:17 AM
Federal Reserve Chairwoman Janet Yellen isn't sure what's gone wrong with the U.S. housing comeback. “I have to say that I'm somewhat surprised,” Yellen said of the weakness of the housing market in a hearing in the House last week. “Frankly, it continues to be sluggish. And I can't give...
07/17/14 12:15 PM
LONDON (AP) — Another round of U.S. sanctions on Russia weighed on markets Thursday. News that a Malaysia Airlines passenger plane carrying 295 had been shot down over Ukraine added to the negative tone. Russia's MICEX index underperformed the world market, closing down 3.8 percent, a day...
By Steve Chapman | 07/17/14 10:43 AM
There is a point at which firmness of conviction becomes obstinacy, and there is a point at which obstinacy becomes comedy. The latter was on spectacular view the other day when a prominent inflation hawk self-destructed on national TV.
By Joseph Lawler | 07/16/14 05:50 PM
She avoided making any big monetary policy news in two appearances on Capitol Hill this week, but Janet Yellen couldn't escape a few confrontations that raise doubts about the details of the Federal Reserve's plans to avoid bailouts in future financial crises.
07/16/14 02:01 PM
WASHINGTON (AP) — Federal Reserve Chair Janet Yellen said Wednesday it would be a serious mistake for Congress to require the nation's central bank to adopt a formal policy rule to guide its decisions on setting interest rates. Yellen faced a barrage of questions from Republican lawmakers...
By Mark Tapscott | 07/16/14 08:36 AM
Sports reporters who never say anything critical of their local teams are known in the journalism profession as "Homers." Big government has its homers in the news media, too.
07/15/14 05:00 PM
WASHINGTON (AP) — Despite recent sizable job gains, Federal Reserve Chair Janet Yellen is signaling that her agency is in no rush to withdraw the massive support it is providing the U.S. economy. Extra caution is warranted, she said Tuesday, given a number of "false dawns" in this recovery...
By Joseph Lawler | 07/15/14 01:43 PM
Sen. Elizabeth Warren grilled Federal Reserve Chairwoman Janet Yellen on an important provision of the law intended to prevent banks from becoming too big to fail.
By Joseph Lawler | 07/14/14 07:38 AM
If the current economic recovery had kept pace with other post-World War II recoveries, the average American would have $2,700 more in annual income.
By Paul Bedard | 07/11/14 10:50 AM
A Michigan lawmaker cites his son's AP Government flash cards to demand Congress stand up to President Obama and his administration.
By Joseph Lawler | 07/10/14 06:27 PM
Stanley Fischer warned that "actively breaking up the largest banks would be a very complex task, with uncertain payoff," even though some critics say more regulation is needed in the wake of the 2008 financial crisis.Â
By Joseph Lawler | 07/10/14 12:53 PM
House Republicans are trying again to rein in the Federal Reserve, this time with a bill that would force the central bank to explain its monetary policy decisions to Congress.
By Joseph Lawler | 07/09/14 03:18 PM
Federal Reserve officials have an end in mind for the latest round of quantitative easing: If all goes to plan, they will taper the central bank's bond purchases from the current $35 billion a month to zero by October.
By Joseph Lawler | 07/07/14 08:54 AM
There are finally signs that the long-awaited recovery, complete with above-trend economic growth, may finally be underway.
By Joseph Lawler | 07/03/14 12:05 PM
Just how much of the decline in labor force participation is due to long-term, secular factors and how much is due to cyclical weakness is a matter of ongoing debate.
By Paul Bedard | 07/21/14
By Susan Ferrechio | 07/21/14
By Paul Bedard | 07/21/14
By Becket Adams | 07/21/14
By Blake Seitz | 07/20/14