Jun 15 Column: Are we headed for a recession? By Vikram Mansharamani Depressing stats about the U.S. economy are everywhere. And if we do find ourselves in a recession, the Fed will have few tools left to deploy. Continue reading
May 20 Column: The world economy is running on monetary fumes By Benn Steil, Emma Smith Global growth is stalling, and central banks are running out of options. Continue reading
Mar 16 Watch 4:12 News Wrap: Trump dismisses talk of contested convention; Fed maintains interest rates By PBS News Hour In our news wrap Wednesday, Republican frontrunner Donald Trump warned against trying to deny him the party’s presidential nomination via a brokered RNC convention in July. Also, the Federal Reserve decided to hold interest rates steady, saying the U.S. economy… Continue watching
Mar 10 Here's a finger-picking bluegrass song about the Fed's plan for interest rates By Jon Shayne What do a fiddle, a barn dance and a bale of hay have to do with the Federal Reserve's interest rate policy? A whole lot, says Merle Hazard, who's written yet another finger-picking country song about the economy. Continue reading
Jan 12 Senate rejects Rand Paul's 'Audit the Fed' legislation By Andrew Taylor, Associated Press The Senate on Tuesday blocked legislation calling for tougher audits of the Federal Reserve. Continue reading
Jan 12 Obama reaches for upbeat outlook in final State of the Union By Josh Lederman, Associated Press WASHINGTON — President Barack Obama will deliver a final State of the Union address Tuesday brimming with optimism — far more than most Americans possess. Continue reading
Dec 16 Watch 8:29 What the Fed's interest rate hike means for your wallet By PBS News Hour The Federal Reserve is doing something it hasn't done since 2006: raising interest rates. The long-awaited announcement by Fed chair Janet Yellen hikes a key short-term rate from near zero. For a closer look at how the Fed made its… Continue watching
Dec 16 Why the Fed's decision on interest rates probably doesn't matter By Vikram Mansharamani We need to look at the big picture, and when we do, we might conclude today’s decision probably doesn’t matter that much. Continue reading
Dec 01 Congress reaches deal on 5-year transportation bill By Joan Lowy, Associated Press WASHINGTON — The House and Senate have reached agreement on a 5-year, $281 billion transportation bill that would increase spending to address the nation's aging and congested highways and transit systems — a legislative feat that lawmakers and President Barack… Continue reading
Oct 08 Watch 7:32 What it was like to head the Fed during the 2008 meltdown By PBS News Hour In “The Courage to Act,” former Federal Reserve chairman Ben Bernanke writes that the global economic collapse of 2008 could have resulted in a crisis akin to 1929 had he, his colleagues and policymakers around the world acted differently. He… Continue watching