Federal Reserve Chairman, Ben Bernanke asked critics to blame China for artificially keeping their currency low. Bernanke was reacting to critics of the Fed’s bond-buying program on Friday. On November 3, the Federal Reserve announced that it will acquire a further $600 billion in United States’ government debt. The move is seen by many as [...]
Post Tagged with: "economy"
President Obama Attributes Lethargic Economy On Democratic “Shellacking”
On Wednesday President Obama was honest enough to acknowledge that most of his policies had not done enough to boost the lethargic economy, but also attributed the slow economic recovery to the general “shellacking” democrats had received in recent days. In his speech President Obama said that his administration had helped bring stability to the economy and spur hiring in [...]
Consumer Prices Shoot Up By 0.3% In August
In the month of August consumer prices increased by just 0.3%, however, excluding a hike in volatile gases it is safe to say that inflation was relatively equivocal. The increase matched the July increase, the Labor Department said Friday. Despite this increase Core inflation which does not take food and energy into consideration experienced no [...]
The Obama Administration Strives To Boost Economy
President Obama declared on Monday that his economic team is crafting additional methods and policies to boost the recovering economy. Some of these policies would include extending tax cuts to encourage small business to hire workers as well as increasing government investment in clean energy and rebuilding more infrastructure. The President discussed no new proposals [...]
Ben Bernanke Delivers Sobering Speech Following Dollar Dip
On Thursday investors braced themselves for a sobering speech from Federal Chairman Ben Bernake, after the dollar dropped lower than the yen to hit an all time record low for the last 15 years. Given the present state of the economy investors are a little less than eager to make investments. After Bernanke’s gives his speech [...]
Obama Being Pressured By Boehner To Dismiss Economic Team
In an attempt to restore Republicans to the majority when Congress elections take place this November, John A. Boehner a Representative of Ohio and the House Republican leader has urged President Obama to fire his top economic advisers. During a speech in the City Club of Cleveland, he unveiled what he called a five point [...]