Topic: Karen Dynan
Ben Bernanke and the Fed are being lambasted, especially by GOP lawmakers, over policies to stimulate the economy. Some worry the criticism will sap the Fed's effectiveness.
Consumer confidence has dropped for the second month in a row. That doesn't bode well for consumer spending or a strong recovery. But what if part of the meager spending trend is because some consumers, such as yours truly, have gotten used to spending less and saving more?
With major airports and the federal government shut down, effects from this week's snow storm will linger beyond the time needed to dig out. The unemployed may be impacted by Congress' snow days, unless lawmakers are able to rush through a bill extending their benefits.