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Tag Archives: Ben Bernanke

Bernanke: With unemployment high, Fed can do more

JACKSON HOLE, Wyo. — Chairman Ben Bernanke sent a clear message Friday that the Federal Reserve will do more to help the still-struggling U.S. economy. His remarks seemed to leave two questions: What exactly will the Fed do? And when? ...

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Consumer spending rose 0.4 percent in July

WASHINGTON — Americans spent at the fastest pace in five months in July after earning a little more. The increase in income and consumer spending could help boost an economy mired in subpar growth. Consumer spending rose 0.4 percent in ...

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Fed survey finds moderate growth during summer

WASHINGTON — The U.S. economy grew at a tepid 1.7 percent annual rate in the April-June quarter, suggesting growth will stay weak in the second half of the year. Slightly stronger consumer spending and greater exports were the main reasons ...

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Bernanke says many struggle despite U.S. recovery

WASHINGTON — Federal Reserve Chairman Ben Bernanke says data that show the U.S. economy in recovery doesn’t fully capture the tough times felt by many. Bernanke says that while measures of consumer spending, income and wealth point to improvement, “many ...

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U.S. unemployment aid applications rise to 365,000

WASHINGTON (AP) — The number of people seeking U.S. unemployment benefits rose last week, though the data was likely skewed higher by seasonal factors. Weekly applications increased by 8,000 to a seasonally adjusted 365,000, the Labor Department said Thursday. The ...

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Fed says economy has slowed, takes no new steps

WASHINGTON — The Federal Reserve said Wednesday that the U.S. economy is losing strength and repeated a pledge to take further steps to boost growth if hiring remains weak. The Fed took no new action after a two-day policy meeting. ...

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Time to see if central bankers ready to act

WASHINGTON — The world’s top central bankers have said they’re willing to rescue the economies of Europe and the United States. This week we’ll find out if they are ready to act. The Federal Reserve wraps up its two-day policy ...

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Fed could be moving to more bond buying

WASHINGTON — The Federal Reserve appears to be moving toward announcing some new step to try to energize the troubled U.S. economy. The question is whether it will do so after its policy meeting this week. Probably not, many economists ...

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