Tagged: Federal Reserve

The nation's economy "expanded at a measured pace" in recent weeks, the Federal Reserve Board reports in its latest anecdotal look at how things are going across the U.S.

The central bank's Beige Book review of conditions in its 12 bank districts finds that:

Federal Reserve Chairman Ben Bernanke warned again that driving off the fiscal cliff could be detrimental to the U.S. economy. However, if a grand bargain is reached by politicians in Washington, Bernanke said during a speech a the Economic Club of New York, it could be a good new year for the U.S.

A life well-worth noting has caught the attention of obituary writers:

-- "Andrew F. Brimmer, a Louisiana sharecropper's son who was the first black member of the Federal Reserve Board and who led efforts to to reverse the country's balance-of-payments deficit, died on Sunday in Washington. He was 86." (The New York Times)

Global trade wars. Small-time bike thieves. And what happens when the Fed talks big. On today's show, we bring you three short Planet Money stories.

For More:

• Are Chinese Exporters Cheating?
• The Economics Of Stealing Bikes