22+ hour, 38+ min ago  (548+ words) Alan Greenspan, who died last week at age 100, was a consequential chair of the Board of Governors of the Federal Reserve. The economy of our nation, and perhaps our politics, would be different if he had not held the positions…...

1+ week, 2+ day ago  (228+ words) U. S. total nonfarm employment increased by 172, 000 jobs in May. Minnesota's private sector gained 5, 900 jobs in the month and the U. S. private sector gained 120, 000 jobs, also 0. 1%. "It's encouraging to see some progress amidst a mixed economic picture both in the state and the…...

1+ week, 3+ day ago  (936+ words) In an unusually short statement after their two-day meeting, the officials dropped language that had suggested their next move would be to cut the key rate. The brief statement reflects the influence of new chair Kevin Warsh, who was appointed…...

1+ week, 4+ day ago  (746+ words) On Wednesday, Warsh may provide the first hints of an answer when he oversees his first Fed policy meeting as chair and holds a news conference afterward. Bond markets, which can swing sharply on a chair's pronouncements, will be watching…...

2+ week, 3+ day ago  (384+ words) Pioneer Press Recurring legal setbacks haven't deflected the White House from its plan to impose a worldwide tariff regime. Whether the fourth variant of this protectionist strategy, proposed last week, will fare better in the courts than its predecessors is…...

4+ mon, 3+ week ago  (178+ words) In a statement, the department's Bureau of Labor Statistics said: "Once funding is restored, BLS will resume normal operations and notify the public of any changes to the news release schedule." It is also postponing the December report on job…...

3+ week, 5+ day ago  (1094+ words) The energy price spike triggered by the Iran war has seeped into the price of bonds that help fund the U. S. government. Interest rates on a 10-year U. S. Treasury note are topping 4. 44%, up from 3. 95% before the war started at the end of…...

3+ week, 6+ day ago  (794+ words) Hmm, there's got to be a catch here somewhere, but I just can't figure out what it is!" That's the punch line of an old joke about a wheeler-dealer offering something attractive " on the condition the offeree sell their soul…...

1+ mon, 3+ day ago  (776+ words) But how exactly does a central bank make a currency "elastic." Well, it has a unique, monopolistic power to increase and decrease amounts of money circulating in our economy. It can do this at will and remarkably quickly. It also…...

1+ mon, 4+ day ago  (770+ words) Inflation has been dominating the headlines. But what most people are actually feeling in their daily lives is something different: affordability pressure. There's an important distinction. Inflation measures the rate at which prices are rising. Affordability, on the other hand,…...