A momentous event just occurred this afternoon: For the first time in many years, the Chairman of the Federal Reserve went before Congress, set aside his rose-colored glasses, dispensed with most of…
Tag: us economy
The Next Bust: The “Risk Trade”
A lot of focus was given to the central banks’ meetings this week. That’s because a lot of people would really like to see target rates start moving up from their low…
Chicago Fed Index Still Signals Subpar Economy
Wall Street Journal The Federal Reserve Bank of Chicago’s National Activity Index worsened in August, but its three-month moving average rose above its level from a year earlier, in August 2008 just…
Obama Touting U.S. Economy
By Joseph Spector USA Today President Obama visited an Albany-area community college this morning to discuss the economy and promote hi-tech investments as a way to boost business growth in the country….