The US economy grew modestly in recent weeks in nine of the central bank’s 12 districts, in a sure sign that the recession is behind us.
The latest Federal Reserve report on regional economic conditions, called the Beige Book, said the economic growth was somewhat hampered by snowstorms in several districts, notably Richmond.
Overall consumer spending looked [...]
Mar
4
2010
4
2010
Economy shows signs of modest growth
Feb
18
2010
18
2010
Economy continues to grow
In what could indicate that the economy is firmly on its way to recovery, economic growth in the US continued in January as manufacturing and housing activity looked up.
As a dampener, however, Fed officials at a meeting last month projected that high unemployment will persist.
To add to the worry, some Fed officials suggested that the [...]
Feb
14
2010
14
2010
Fed to exit when the time comes
Federal Reserve Chairman Ben Bernanke unveiled his strategy to withdraw massive credit stimulus that the Fed has provided the U.S. economy during the last two years.
The Fed’s bought mortgage based complex financial instruments that helped to prevent a much severe economic meltdown. The central bank also extended huge amounts of short-term credit to keep financial [...]