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Fed official: Job gains dominated by lower-paying work
WASHINGTON — Federal Reserve Chairman Ben S. Bernanke made clear this week that he wanted to see "sustained" improvement in job growth and the unemployment situation before rolling back or halting monetary stimulus to the economy. On Friday, one...
Tags: Labor Markets, Career and Workplace, Finance, Federal Reserve, Unemployment
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Jobless claims edge up but four-week average falls to 5-year low
WASHINGTON -- Initial jobless claims ticked up last week, but still indicated an improving labor market as the four-week average hit its lowest point in five years. The number of people filing for the first time for unemployment benefits rose to 336,000...
Tags: Labor Markets, Career and Workplace, Economic Indicator, Unemployment Rate, Unemployment
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Bernanke says Fed might slowly remove stimulus as hiring improves
WASHINGTON -- Federal Reserve Chairman Ben S. Bernanke said Wednesday that the central bank might gradually ratchet back its stimulus efforts if the labor market continues to improve, before completely pulling the plug on the unprecedented effort. The...Tags: Labor Markets, Career and Workplace, Economic Indicator, Finance, Federal Reserve
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Low interest rates have hurt retirees
A lifelong Democrat, I now find myself taking issue with the Obama administration in general and Federal Reserve Chairman Ben Bernanke in particular as it pertains to current Fed policy. What seemed to have been a good idea at the onset, to keep...
Tags: Finance, Federal Reserve, Money and Monetary Policy, Economy, Business and Finance
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Top House lawmaker questions validity of consumer bureau funding
WASHINGTON -- A top House lawmaker is questioning the validity of the Consumer Financial Protection Bureau's funding, arguing that a recent court decision invalidating some of President Obama's recess appointments could make it unlawful for the agency's...
Tags: Career and Workplace, Barack Obama, Politics, Work Relations, Justice System
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Dow hits record, erasing Great Recession losses
NEW YORK (AP) — The stock market is back. Five and a half years after the start of a frightening drop that erased $11 trillion from stock portfolios and made investors despair of ever getting their money back, the Dow Jones industrial average...
Tags: China, Citigroup Incorporated, Fiscal Cliff, World War II (1939-1945), Apple iPhone
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Economists increasingly wary of Fed's stimulus policy
Even as top Federal Reserve officials continue to defend their economic stimulus, a growing number of industry and academic economists view the Fed's policy now as too aggressive -- with two-thirds of those recently surveyed saying the central bank should...
Tags: Budget Control Act of 2011, Finance, Federal Reserve, Economic Policy, Central Bank
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MarksJarvis: International news unsettling, but Americans remain confident
It was a maybe, maybe not week. Investors didn't think they needed to worry about sequestration; then they thought maybe they should. The outcome of Italy's elections looked foreboding for Europe's stability, but then investors thought, with time,...Tags: Italy, Credit Ratings, Career and Workplace, Barack Obama, U.S. Senate Committee on Banking, Housing, and Urban Affairs
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Fan mail, of a sort, for the 'sequester'
There’s little agreement about anything regarding the “sequester” except that the $85 billion in cuts to federal spending this year will be implemented starting Friday. As The Times’ editorialized Thursday: “The irony is...Tags: Career and Workplace, Barack Obama, National Government, Politics, Fiscal Cliff
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U.S. economy grew late last year, but barely
WASHINGTON -- The U.S. economy barely grew late last year, thanks largely to a plunge in federal defense spending that in part was likely preparation for the budget cuts under the so-called sequestration. The nation's gross domestic product, or the...Tags: Land Price, Economic Indicator, Budget Control Act of 2011, Budgets and Budgeting, Petroleum Industry
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The Fed's not-so-golden rule
RICHMOND, Va. -- A display case in the lobby of the Federal Reserve Bank here might express humility. The case holds a 99.9 percent pure gold bar weighing 401.75 troy ounces. Minted in 1952, when the price of gold was $35 an ounce, the bar was worth about...Tags: Labor Markets, Voting, Barack Obama, Politics, U.S. Consumer Financial Protection Bureau
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As he departs, Geithner says 'not a chance' he'll be next Fed chair
WASHINGTON -- As Treasury Secretary Timothy F. Geithner prepared to leave office Friday, he was clear about one thing he won't be doing in the future -- running the Federal Reserve. Fed Chairman Ben S. Bernanke's second term expires in January 2014...
Tags: Barack Obama, POLITICO LLC, White House, Jack Lew, Timothy Geithner
Mar 22, 2013
|Story| Los Angeles Times
Mar 21, 2013
|Story| Los Angeles Times
Mar 20, 2013
|Story| Los Angeles Times
Mar 15, 2013
|Story| Baltimore Sun
Mar 12, 2013
|Story| Los Angeles Times
Mar 6, 2013
|Story| Petoskey News
Mar 4, 2013
|Story| Los Angeles Times
Mar 3, 2013
|Column| Chicago Tribune
Feb 28, 2013
|Story| Los Angeles Times
Feb 28, 2013
|Story| Los Angeles Times
Feb 28, 2013
|Column| Orlando Sentinel
Jan 25, 2013
|Story| Los Angeles Times
Original site for Ben Bernanke topic gallery.