Jobs, prices data flag hurdles for economy
Thursday, March 17th, 2011The number of U.S. workers filing new applications for unemployment insurance unexpectedly surged last week, while producer prices increased sharply in January, raising potential hurdles for the economic recovery.
Bernanke to outline exit path to skeptical Congress
Thursday, March 17th, 2011Ben Bernanke may have cleared the hurdles to his confirmation for a second term as Federal Reserve chairman, but that does not mean lawmakers will be any friendlier to him at high-profile hearings on Wednesday and Thursday.
Fed’s Hoenig: zero-rate pledge invites speculation
Thursday, March 17th, 2011A senior Federal Reserve official said on Tuesday that an extended period of ultra-low U.S. interest rates invites speculative behavior and is risky.
Fed’s Evans: Monetary policy not effective for pricking bubbles
Thursday, March 17th, 2011Monetary policy is not an effective tool for pricking asset bubbles, but central banks without authority to supervise banks may have no alternative, Chicago Federal Reserve President Charles Evans said Tuesday.
Mortgage Rates Rise Above 5 Percent
Thursday, March 17th, 2011Rates on 30-year fixed mortgages rise above 5 percent this week
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