While Congress fights over extending unemployment insurance, Americans remain sour on the economy. But a few proposals show promise for encouraging growth.
Two commercial big banks – Citigroup and Bank of America – reported earnings Friday. Yet their stock prices fell, in part because of a slow business climate in which loan portfolios are shrinking.
The Consumer Price Index declined 0.1 percent last month, following a 0.2 percent fall in May and a 0.1 percent drop in April. This suggests that the Fed hasn't completely removed deflation risks.
The American people will continue to have to foot the bill for the mistakes of Wall Street’s biggest banks because the legislation does nothing to diminish their economic and political power.
Following the Recovery Act and health-care reform, the newly approved financial reform bill shows that President Obama is adept at getting his agenda through Congress. But the American public cares about one thing right now: the economy.
President Obama's nominee for second-in-command at the Federal Reserve, Janet Yellen, is 'dovish' on inflation – she's not likely to tighten monetary policy to counteract it.
Unemployment benefits claims tumbled to a near two-year low last week, but a modest gain in industrial output and a third monthly drop in wholesale prices in June confirmed a slackening in the economy's recovery.
The Dodd-Frank financial reform bill leaves too much discretion to regulators, creating the risk of regulation uncertainty for an industry that needs less risk, not more.