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Keyword: enconomy

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  • This week in Bidenomics: Get ready for the Biden boom

    02/20/2021 6:50:38 AM PST · by qaz123 · 38 replies
    Yahoo Finance ^ | 19Feb21 | Newman
    President Biden and his economic advisers keep highlighting the economic crisis Biden inherited. This narrative may only last for another month or two. It’s true Biden took office in January amid a grueling retrenchment that has torched 10 million jobs since last March. Coronavirus shutdowns have all but wrecked the travel and hospitality industries, with retailers struggling to adapt as well. Small businesses, independent contractors and lower-income service-industry workers are suffering the most
  • Bernanke warns of slow progress ahead on jobs

    03/01/2012 2:09:34 AM PST · by U-238 · 7 replies · 2+ views
    Reuters ^ | 3/1/2012 | Mark Felsenthal and Pedro da Costa
    Federal Reserve Chairman Ben Bernanke on Wednesday offered a tempered view of the U.S. economy, pouring cold water on the notion that recent upbeat signs herald a stronger recovery. Bernanke told Congress that unless growth accelerated, the unacceptably high U.S. unemployment rate would not keep dropping. But he stopped short of signaling further Fed bond purchases, dashing the hopes of some traders in financial markets who were betting on more monetary stimulus. "The job market is far from normal," Bernanke said. "Continued improvement ... is likely to require stronger growth in final demand and production." The swift decline in the...