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A collection of news and information related to Federal Reserve published by Tribune Company sources.
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Weak economic data drive demand for government debt; Treasury yields plumb fresh lows
AP Business WriterNEW YORK (AP) _ Yields on long-term U.S. government debt sank to record lows Monday as worries about mounting economic problems and a stock market plunge touched off another investor rush to safety. The possibility that the Federal Reserve could enter the...Tags: Flowers, Stock Broking, Consumers, Stock Activities, Credit Ratings
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Bush expresses remorse that economic crisis causing unemployment, drop in 401 (k) accounts
Associated Press WriterWASHINGTON (AP) _ President George W. Bush expressed remorse that the global financial crisis has cost jobs and harmed retirement accounts and said he'll back more government intervention if needed to ease the recession. "I'm sorry it's happening, of...Tags: International Military Interventions, Wars and Interventions, Saddam Hussein, Heads of State, 401K
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Dow sinks nearly 680 after group says US has been in a recession since December 2007
AP Economics WritersWASHINGTON (AP) _ Most Americans sorely knew it already, but now it's official: The country is in a recession, and it's getting worse. Wall Street convulsed at the news — and a fresh batch of bad economic reports — tanking nearly 680 points....Tags: Business, Heads of State, Government, Nancy Pelosi, Money and Monetary Policy
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National Bureau of Economic Research panel says US recession began in December 2007
AP Economics WriterWASHINGTON (AP) _ It's official. The U.S. economy has been in a recession for the past year. The start of the downturn was announced Monday by the National Bureau of Economic Research. The NBER — a private, nonprofit research organization —...Tags: Business, Massachusetts Institute of Technology, Heads of State, World War II, Government
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Trusted Obama adviser Susan Rice is first African-American woman named to be US envoy to UN
Associated Press WriterUNITED NATIONS (AP) _ Susan Rice, the first African-American woman named as U.S. ambassador to the United Nations, brings to the job a lifetime's work on international issues, an insider's knowledge of the White House and State Department, and close...Tags: Diplomacy, International Relations, United Nations, Andrew Young, Heads of State
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AP IMPACT: They warned us: US was told to 'expect foreclosures, expect horror stories'
Associated Press WriterWASHINGTON (AP) _ The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient...Tags: Office Needs, Alan Greenspan, Investments, Bankruptcy, Financial and Business Services
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New York Fed launches search for new president as Geithner prepares to step down
AP Economics WriterWASHINGTON (AP) _ Timothy Geithner, President-elect Barack Obama's pick to be Treasury secretary, will soon step down from his current post as president of the Federal Reserve Bank of New York. The New York Fed announced Monday it has created a search...Tags: Corporate Officers, Heads of State, AFL-CIO, Government, Henry Paulson
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Stocks fall sharply on consumer spending worries
With the long Thanksgiving weekend over, nail biting returned to Wall Street today.
Fresh evidence of a softening global economy, along with profit-taking after last week's big rally, put a decisive end to the stock market's five-day winning streak.
The...Tags: Macy's, Business, Stock Broking, Globalization, Stock Activities
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Bernanke: lower rates are "feasible" but have limited economic benefit
AP Economics WriterWASHINGTON (AP) _ Federal Reserve Chairman Ben Bernanke said Monday that further interest-rate cuts are "certainly feasible," but he warned there are limits to how much such action would revive an economy likely to stay weak well into next year. The Fed'...Tags: Business, Business Institutions, Investments, Credit and Debt, Consumers
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It's official: U.S. is in recession
Associated PressWASHINGTON -- The U.S. economy has been in a recession since December 2007, the National Bureau of Economic Research said Monday. The NBER -- a private, nonprofit research organization -- said its group of academic economists who determine business...Tags: Economic Indicator, Henry Paulson, The White House, Economy, Government
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Wall Street breaks 5-day win streak as stocks plunge; Dow down 680 in 4th-worst decline
AP Business WritersNEW YORK (AP) _ The stock market suffered one of its worst days since the financial meltdown Monday, slicing 680 points off the Dow Jones industrial average as Wall Street snapped out of its daydream of a rally and once again faced the harsh reality of...Tags: Game Playing, Government, Chrysler LLC, New York Mercantile Exchange, Sales
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Obama plans to name Holder, Napolitano to Cabinet
President-elect Barack Obama is filling his Cabinet at record speed, choosing loyal friends and one-time foes to guide his wartime foreign policy decisions. Obama plans to appear at a morning news conference Monday in Chicago to announce Democratic...Tags: Hillary Clinton, 2008 U.S. Presidential Election, Janet Napolitano, Diplomacy, Tom Daschle
Dec 1, 2008
|Story| Associated Press
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|Story| Los Angeles Times
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|Story| Newsday
