The Federal Reserve decided Tuesday for a second consecutive meeting to keep a key interest rate at 2 percent, saying that overall the economy is doing well despite inflationary fears.
By Admin, PBS NewsHour
The Consumer Price Index, the Labor Department's yardstick of inflation, indicated greater inflation in January than had been anticipated. Paul Solman discusses how the CPI determines inflation and the meaning of this new report.
Federal Reserve Chairman Ben S. Bernanke told lawmakers Thursday it is "critically important" that an economic stimulus package take effect quickly to ward off a recession, recommending the government get cash into peoples' hands as soon as possible.
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