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Jason Furman, the chairman of the Council of Economic Advisers, said in a speech in Washington on Thursday that “the Great Recession certainly does reveal serious limitations of the concept of a great moderation,” and that the U.S. economy shouldn't be expected to return to a pattern of relatively smooth growth now that the banking crisis is in the past. (AP Photo/Carolyn Kaster)
Economy

Obama economic adviser: The Great Moderation is over, if it ever existed

Joseph Lawler -
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Reserve Bank of India Governor Raghuram Rajan, India's top central banker, criticized the Federal Reserve in two appearances in Washington on Thursday, saying that the U.S. central bank should take into consideration the impact of its monetary-easing programs on emerging economies like India's. (AP Photo/Rafiq Maqbool)
Economy

Chief of India’s central bank criticizes Federal Reserve’s monetary-easing efforts

Joseph Lawler -
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A recruiter waits to meet with job seekers at a career fair in King of Prussia, Pa., on June 24. (AP Photo/Matt Slocum)
Economy

Unemployment claims lowest since 2007, but employment boom not guaranteed

Joseph Lawler -
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Columbia Law School professor John Coffee, a witness at Wednesday’s hearing, warned that the lawmakers were moving toward a second JOBS Act “without any serious evaluation of the impact” of the first.
Business

House Republicans aim for JOBS Act 2.0

Joseph Lawler -
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The Federal Reserve and other agencies voted to increase the supplementary leverage ratio for the eight largest U.S. banks, requiring that they hold a certain percentage of their total assets as reserves, regardless of the composition or riskiness of those assets. (Photo: Thinkstock)
Economy

Regulators finalize leverage ratio for big banks, would require $68 billion of extra capital today

Joseph Lawler -
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Labor market churn picked up slightly in February, the Bureau of Labor Statistics reported Tuesday morning, but the pace of hiring and firing remains far below the levels that prevailed before the financial crisis that began six years ago. 
Economy

More grinding improvement in U.S. job creation in February

Joseph Lawler -
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The Fannie Mae headquarters in Washington. (AP Photo/Manuel Balce Ceneta)
Economy

Two advocacy groups enter the battle over Fannie Mae and Freddie Mac

Joseph Lawler -
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After a big week for economic policy that began with the president unveiling his budget proposal and ended with a better-than-expected jobs report, this week will be a little slower. But there's still plenty happening.
Economy

The week ahead in economics: finance, regulation and hiring

Joseph Lawler -
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Jimmetta Smith, right, the wife of a U.S. Marine veteran, holds her resume while talking with a senior recruiter for Delta Airlines at a job fair for veterans and their family members at the VFW Post 2681 on Nov. 14 in Marietta, Ga. (AP Photo/David Goldman)
Economy

Good news regarding long-term unemployment in March

Joseph Lawler -
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Big Ideas: On deportations, emperors and college dropouts
Economy

Big Ideas: On deportations, emperors and college dropouts

Joseph Lawler -
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