By Joseph Lawler | 07/28/14 07:46 AM
For perspective, if the Fed were allowed to buy stocks, at current prices it could have bought Apple, Google and Microsoft for that sum -- with General Motors and Ford thrown into the mix, with $44 billion left over.
By Joseph Lawler | 07/25/14 12:58 PM
There's new evidence that the huge number of Americans counted as long-term unemployed has been dropping in recent months because those people have been finding jobs, not because they've given up looking.
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 you a...
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.
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 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 Luke Rosiak | 08/21/14
By Philip Klein | 08/21/14
By David Freddoso | 08/20/14
By Betsy Woodruff | 08/21/14
By Becket Adams | 08/21/14