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Articles in "The Economy"
It's not enough to create financial products and housing, policymakers also need to think critically about the role education and jobs play in wider and sustainable homeownership levels, according to Federal Reserve Board Governor Elizabeth Duke.
Duke made that assertion while...
It's not enough to create financial products and housing, policymakers also need to think critically about the role education and jobs play in wider and sustainable homeownership levels, according to Federal Reserve Board Governor Elizabeth Duke.
Duke made that assertion while...
Consumer confidence dipped in March as people grew more pessimistic about economic expectations, according to The Conference Board.
The overall monthly index dropped to 70.2 from 70.8 in February. That reading...
Federal Reserve Bank of Philadelphia CEO Charles Plosser is not a fan of the Fed buying mortgage-backed securities.
In a speech to the Global Society of Fellows of the Global Interdependence Center in Paris, Plosser said central banks should be wary...
Federal Reserve Bank of Philadelphia CEO Charles Plosser is not a fan of the Fed buying mortgage-backed securities.
In a speech to the Global Society of Fellows of the Global Interdependence Center in Paris, Plosser said central banks should be wary...
A housing recovery is dependent on more jobs, but Federal Reserve Chairman Ben Bernanke says the sustainability of recent employment growth in the economy is uncertain.
"We cannot yet be sure that the recent pace of improvement in the labor market will be sustained,"...
A housing recovery is dependent on more jobs, but Federal Reserve Chairman Ben Bernanke says the sustainability of recent employment growth in the economy is uncertain.
"We cannot yet be sure that the recent pace of improvement in the labor market will be sustained,"...
A large amount of housing data is scheduled for release this week especially on Monday and Tuesday.
The slew of data starts Monday with the National Association of Realtors' pending home sales index. The index rose 2% in January, a strong gain with the...
Mass layoffs declined in February, and 345 metro areas reported lower unemployment rates for the month of January, according to the Bureau of Labor Statistics.
The February unemployment remains at 8.3%, the same as January, but declined from 9% a year ago.
Twelve...
Recognizing the impact the financial crisis had on Hispanics and their growing purchasing power, Housing and Urban Development Secretary Shaun Donovan said they stand to benefit the most from a revitalization of the American economy.
Speaking at the National...
Recognizing the impact the financial crisis had on Hispanics and their growing purchasing power, Housing and Urban Development Secretary Shaun Donovan said they stand to benefit the most from a revitalization of the American economy.
Speaking at the National...
Initial jobless claims fell to 348,000 for the week ended March 17 from an upwardly adjusted 353,000 a week earlier, according to the Labor Department.
The seasonally adjusted measure hit a fresh four-year low last week, approaching early March 2008's 347,000 filings....
Initial jobless claims fell to 348,000 for the week ended March 17 from an upwardly adjusted 353,000 a week earlier, according to the Labor Department.
The seasonally adjusted measure hit a fresh four-year low last week, approaching early March 2008's 347,000 filings....
The global economy is experiencing an extensive and redefining power shift with China leading the way, said Ian Bremmer, the CEO of Eurasia Group. Financial markets will continue to collapse, however, if players within those spaces do not adapt.
"China will become the...
The Dodd-Frank Act, which aims to end the bailout of financial institutions that are deemed too big to fail, perpetuates a dangerous trend of increasing banking industry concentration, says Richard Fisher, president of the Federal Reserve Bank of Dallas.
"It is imperative...