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Harvard professor Larry Summers warned that Federal Reserve Chairwoman Janet Yellen's optimism one day might be viewed the same way that Ben Bernanke's statements downplaying the subprime crisis were, and he concluded in an op-ed that
Economy

Economists fear U.S. not prepared to fight off a recession

Joseph Lawler -
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Daniel Tarullo cited years of below-target inflation and slow progress on unemployment. (AP Photo/Andrew Harnik)
Economy

Fed official not convinced of need for higher interest rates

Joseph Lawler -
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Bill Huizenga defended the influence of commercial bankers on the Fed system, arguing that they favor monetary policies that increase economic growth. (AP Photo)
Economy

GOP lawmaker accuses Dems of stacking the deck at the Fed

Joseph Lawler -
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Private sector economists had expected job growth, which is adjusted for seasonal variations, to cool off to around 175,000 after a very strong mark of 255,000 in July. (AP Photo/Lynne Sladky)
Economy

Job growth falls just shy of expectations in August at 151,000, unemployment holds at 4.9 percent

Joseph Lawler -
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Charles Evans, president of the Federal Reserve Bank of Chicago, suggested Wednesday that the U.S. economy might have permanently slowed, which means low interest rates might be the norm for a long time in the U.S. (Jason Alden/Bloomberg)
Economy

Fed official: Low U.S. growth might be here to stay

Joseph Lawler -
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The Federal Reserve, led by Chairwoman Janet Yellen (center), must decide whether and how much to raise key interest rates. Vice Chairman Stanley Fischer, right, is warning that one small hike is not enough, and that the Fed must decide a pace at which to slowly ratchet up rates. Fed officials met in Wyoming over the weekend for their annual policy conference. (AP Photo/Brennan Linsley)
Economy

Fed vice chair: ‘One and done’ rate hike not good enough

Joseph Lawler -
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In an address prepared for an appearance at a conference in Jackson Hole, Wyo., Yellen said the Fed
Economy

Yellen suggests letting the Fed buy more kinds of assets

Joseph Lawler -
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Federal Reserve Chairwoman Janet Yellen said the Federal Reserve is getting closer to raising interest rates and tightening the money supply. (AP Photo/Brennan Linsley)
Economy

Fed officials open the door to major action at next meeting in September

Joseph Lawler -
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Decision to leave interest rates alone means the central bank is likely punting to December. (AP Photo/Richard Drew, File)
Economy

Fed wanted more data before tightening money

Joseph Lawler -
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William Dudley said he believes that the U.S. is
Economy

Fed won’t choke off growth before election, official reassures

Joseph Lawler -
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