WASHINGTON (AP) — The Federal Reserve pledged today to hold interest rates at a record low to drive down double-digit unemployment and sustain the economic recovery. ...more

December 16, 2009

They all laughed at Fulton and his steamboat, Hershey and his chocolate bar ... ...more

December 12, 2009

A wise man once joked he would like to become a government program so that he could enjoy eternal life on earth. A slight exaggeration perhaps, but it could begin to feel like that's the case if we don't get the growth of government back under control fast. ...more

October 26, 2009

The Federal Reserve delivered a vote of confidence in the economy Wednesday, saying it would slow the pace of an emergency rescue program as the recession appears to be ending. ...more

August 13, 2009

Randy Miller blames the financial crisis on the Community Reinvestment Act of 1977 in his letter of March 25. In blaming the Democrats for the CRA, he seems to be unaware that the first George Bush signed a bill strengthening enforcement of its provisions. Even so, there is no way for any banker to be fined, let alone jailed, for violations. ...more

April 2, 2009

Regarding the Letter of the Day, March 30, "Economics 101:" Hugh Williamson asked, "Would you want your garbage man or your auto mechanic to be so wealthy he didn't need to work?" ...more

April 1, 2009

Treasury Secretary Timothy Geithner called on Congress Tuesday to grant him new powers to regulate huge financial companies like insurance giant AIG, whose failure would pose a grave danger to the U.S. financial system and the broader economy. ...more

March 24, 2009

As they prepare to open a two-day meeting Tuesday, Federal Reserve policymakers are weighing whether to launch new programs or expand existing ones to spur lending, get Americans spending again and lift the country out of recession. ...more

March 16, 2009

After a dismal start to 2009, business people see more pain ahead, expecting no improvement in economic conditions till late this year at the earliest. ...more

March 5, 2009

WASHINGTON - Brace yourself: The recession is projected to worsen this year. The country stands to lose a sizable chunk of economic activity in 2009 as consumers at home and abroad retrench in the face of persistent economic troubles. And the U.S. unemployment rate - now at 7.6 percent, the highest in more than 16 years - is expected hit a peak of 9 percent this year. ...more

February 23, 2009