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Signs point to a lukewarm recovery

Separate reports, meanwhile, showed that wholesale prices rose slightly in October and that home builders' confidence was unchanged from the previous month. Taken together, the three reports show just how tepid the economic recovery may turn out to be. ...

From NEIL IRWIN, The Washington Post,  18 Nov 2009

Related Topics: Federal Reserve,  Ashworth, Inc.,  Labor Department,  Institute for Supply Management

Wholesale prices rise; factory production dips

The expansion in the nation's industrial sector slowed as wholesale prices rose slightly in October, according to separate reports Tuesday that underscore the continued weakness of the economy. Industrial production rose 0.1 percent in October, the ...

From NEIL IRWIN, The Washington Post,  17 Nov 2009

Related Topics: Federal Reserve,  Labor Department

Fed's response may make withdrawal tricky

But the central bank's activist response to the financial crisis has exposed the Fed to immense political fallout. That will make it more difficult for the Fed to carry out its responsibilities of guiding the national economy out of a recession and ...

From NEIL IRWIN, The Washington Post,  11 Nov 2009

Related Topics: U.S. Senate,  U.S. Congress,  Ben Bernanke,  Christopher J. Dodd,  Ron Paul

Unemployment rate jumps to 10.2 percent; highest since 1983

More than one in 10 members of the American workforce were unable to get a job in October, the Labor Department said Friday, the first time in nearly three decades that the unemployment rate has soared into double digits. The unemployment rate rose to 10 ...

From NEIL IRWIN, The Washington Post,  6 Nov 2009

Related Topics: Labor Department,  Barack Obama

Fed stands by rock-bottom interest rates for near future

Federal Reserve leaders are sticking with their policy of very low interest rates for some time to come, they indicated Wednesday, but gave new details of the factors they will use to decide when to change course. Fed policymakers, following a two-day ...

From NEIL IRWIN, The Washington Post,  5 Nov 2009

Related Topics: Federal Reserve,  Fannie Mae,  Freddie Mac,  Labor Department,  Institute for Supply Management

Crisis culprits helping lead recovery

Manufacturers expanded in October at their fastest rate in more than three years, according to a survey of purchasing managers. The Institute for Supply Management's index of manufacturing activity rose to 55.7 from 52.6 in September. Numbers above 50 ...

From NEIL IRWIN, The Washington Post,  3 Nov 2009

Related Topics: Institute for Supply Management,  Commerce Department,  Dow Jones,  Federal Reserve,  Labor Department

With big government boost, U.S. economy grew in 3rd quarter

The U.S. economy roared to life this summer, as an array of government actions led to the strongest quarter of growth in two years. The Commerce Department reported Thursday that the nation's gross domestic product rose at a 3.5 percent annual rate in ...

From NEIL IRWIN, The Washington Post,  30 Oct 2009

Related Topics: Commerce Department,  PNC Financial Services Group,  U.S. Congress,  Goldman Sachs

Waiting to see how the economy will hold up

The trillion-dollar question for the economy now is: What will happen when those government supports are gone? While the government has successfully jump-started the U.S. economy, there are emerging signs that its engine still isn't running very well, ...

From NEIL IRWIN, The Washington Post,  27 Oct 2009

Related Topics: Federal Reserve,  Commerce Department,  David Shulman,  University of California, Los Angeles,  Global Insight

Bernanke puts heat on Congress to reform financial regulation

Seven months after the Obama administration laid out its blueprint for reforming financial regulation, the gears of the legislative process have moved slowly, particularly in the Senate. A House committee on Thursday approved creating a new regulator ...

From NEIL IRWIN, The Washington Post,  24 Oct 2009

Related Topics: Federal Reserve Bank of Boston,  U.S. Senate,  U.S. Congress,  Barack Obama

Bernanke Ups Pressure on Regulation Reform

CHATHAM, Mass. -- Federal Reserve Chairman Ben S. Bernanke on Friday stepped up pressure on Congress to pass legislation that would give regulators new power to contain a financial crisis. Congress is weighing reforms of financial regulation, but ...

From NEIL IRWIN, The Washington Post,  23 Oct 2009

Related Topics: Federal Reserve Bank of Boston,  Ben Bernanke

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