Apr 17 G-20 finance officials confronting global weakness, market instability By Martin Crutsinger, Associated Press WASHINGTON — Finance officials from the world's major economies are searching for the right mix of policies to bolster a still-weak global recovery nearly six years after the Great Recession while confronting a range of new threats from a soaring… Continue reading
Mar 18 Watch 4:25 News Wrap: Fed opens possibility of interest rate hike By PBS News Hour In our news wrap Wednesday, the Federal Reserve said it was open to raising interest rates, but the job market must improve and inflation has to move closer to 2 percent for a rate hike. Also, gunmen attacked Tunisia’s National… Continue watching
Mar 18 Somewhere between patient and impatient, Fed looks to June rate hike By Simone Pathe At its March policy meeting, the Federal Open Market Committee refused to lay out a time table for raising interest rates, with Janet Yellen saying that a June rate hike is possible but not definitive. The Fed's economic forecasts, however,… Continue reading
Mar 17 Why you shouldn't expect wages to rise any time soon By John Komlos For months, the thorn in the side of otherwise sunny jobs reports has been sluggish wage growth. As unemployment falls, wages are supposed to rise. Those expectations will likely play a role in the Fed's policy deliberations this week. But… Continue reading
Mar 14 The economics week in review with Nobel laureate Robert Solow By Paul Solman Paul Solman interviews Nobel laureate Robert Solow abut the week's economics news and looks ahead to the Federal Reserve's policy meeting next week. Continue reading
Mar 06 Wages are sore spot on strong February jobs report By Simone Pathe Despite harsh winter weather, the economy added 295,000 jobs in February and the unemployment rate fell to its lowest since mid-2008. Those are signs of a recovering labor market that the Federal Reserve might use to justify an interest rate… Continue reading
Mar 05 America can be a full-employment economy once again By John Komlos How close will February's unemployment rate come to "full employment"? Not close enough, argues economist John Komlos, who believes the right to life implies a right to a job. Komlos is the author of “What Every Economics Student Needs to… Continue reading
Mar 04 Why this is only the beginning of the fight over the Fed By Simone Pathe Observers on both sides of the aisle agree that partisan bickering, especially over the Federal Reserve, is at an all-time high. Look for the debate over the Fed to play a key role in upcoming presidential nominating contests, says former… Continue reading
Feb 24 Watch 4:34 News Wrap: DOJ declines to charge George Zimmerman By PBS News Hour In our news wrap Tuesday, the Justice Department announced that they found insufficient evidence to charge George Zimmerman for the death of Trayvon Martin in a civil rights case. Also, Secretary of Veterans Affairs Robert McDonald apologized for falsely claiming… Continue watching
Jan 28 The Fed's not ready to act yet By Simone Pathe It will be another five months before the federal reserve considers raising short-term interest rates. Continue reading