Federal Reserve

2:01pm

Thu August 2, 2012
Economy

What Can We Do To Fix The Economy?

Courtesy of Jared Bernstein

U.S. employment is stalled, growth is anemic, and the Federal Reserve has decided not to take action for at least another month.

Most economists weren't expecting the Federal Open Markets Committee, which sets the Fed's monetary policy, to announce another round of quantitative easing — a fancy term that basically means the central bank buys bonds to increase the money supply and make borrowing cheaper — at this week's meeting. Still, that's exactly what a number of them think is needed.

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2:00pm

Wed August 1, 2012
The Two-Way

Federal Reserve Says Economy Has Slowed, But Leaves Policy As Is

While it does indeed appear that "economic activity decelerated somewhat over the first half of this year," the Federal Reserve also said in its policy statement this afternoon that it is not — as of yet — taking any news steps to give the economy a boost.

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12:21pm

Wed June 13, 2012
It's All Politics

Obama Team: Household Net Worth Actually Rose During His Presidency

Originally published on Wed June 13, 2012 1:12 pm

Obama administration officials pointed to the 56 percent rise in the Dow Jones Industrial Average since January 2009, and rising 401(k) values as evidence that the personal balance sheets of many Americans have improved during his presidency.
Spencer Platt Getty Images

The nearly 40 percent drop in median household net worth between 2007 and 2010 the Federal Reserve reported earlier this week was unarguably an arresting statistic. It confirmed for millions what they already knew, that the Great Recession and its aftermath have been a financial setback with few parallels.

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4:42pm

Tue June 12, 2012
Your Money

Credit Card Debt Cut: The Reason May Surprise You

Originally published on Tue June 12, 2012 5:17 pm

iStockphoto.com

A Federal Reserve study showing that Americans lost wealth in the Great Recession turned up another, perhaps more surprising, result: Credit card debt fell sharply.

"The percentage of families using credit cards for borrowing dropped over the period; the median balance on their accounts fell 16.1 percent" between 2007 and 2010, the report concluded.

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7:55am

Tue June 12, 2012
Economy

The Fed's Tough Job Gets Harder In Election Year

Federal Reserve Board Chairman Ben Bernanke hasn't said whether the central bank will act to further stimulate the economy.
Alex Wong Getty Images

Americans who fear the economy is losing steam would like to see the Federal Reserve turn up the heat.

That might happen when the central bank holds its next meeting June 19-20. The Fed could take steps to drive interest rates even lower, or create fresh piles of cash to stimulate growth.

But with the election season gearing up, the Fed's ability to act boldly may be restrained. That's because the monetary policymakers want to preserve the Fed's credibility as a nonpartisan entity.

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