Federal Reserve Board Chairman Ben Bernanke told a congressional hearing the economy is in a "nascent" recovery. But he said unemployment may not drop below 7 percent until the end of 2012, and interest rates will have to remain low for a while. Ben Bernanke - Federal Reserve System - Chair of the Federal Reserve - Unemployment - Business

NEXT
BING NEWS:
  • Will the Federal Reserve cut interest rates again this year?
    By the end of 2024, interest rates will fall nearly another half of a percentage point from their current level of between 4.75% and 5%, according to FOMC projections. Interest rates will drop another ...
    09/19/2024 - 10:05 pm | View Link
  • Now That Rates Are Falling, Let’s Turn to Other Matters
    The Federal Reserve has at last cut interest rates but our columnist points out a host of concerns that could weigh on financial markets.
    09/19/2024 - 10:02 pm | View Link
  • Mortgage rates went up right after the Fed cut interest rates. Here’s why.
    Mortgage rates inched up even though the Federal Reserve cut interest rates. Experts explain why this is a short-lived phenomenon.
    09/19/2024 - 8:51 am | View Link
  • Interest Rates Fall, but Central Banks Are No Longer in Lock Step
    Officials in some countries started cutting rates last year, but others, including those in Europe and the United States, have taken a more cautious approach.
    09/19/2024 - 6:36 am | View Link
  • Mortgage rates drop to lowest since early February 2023 after Fed’s jumbo interest rate cut
    Sales of previously owned homes in the United States fell sharply in August, despite mortgage rates plummeting that month. But much more housing demand will likely be unleashed onto the market after ...
    09/19/2024 - 5:23 am | View Link
  • More

 

NEXT
Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

Movies With Butter More Movie News

More Politics News

  • Harris to Speak About Abortion in Georgia
    Political Wire, Friday - 09/20/2024 - 06:32 AM

    Kamala Harris plans on Friday to give her first abortion speech in Atlanta, where she will address the deaths of two Georgia women who, according to a senior campaign official, highlight the “dangerous consequences” of what Harris calls “Trump Abortion Bans,” ABC News reports.

    More | Talk | Read It Later | Share
  • Throw It In the Average
    Political Wire, Friday - 09/20/2024 - 06:00 AM

    The latest episode of Trial Balloon is live for members. Making sense of the flood of polls following last week’s debate. .memberful-global-teaser-content p:last-child{ -webkit-mask-image: linear-gradient(180deg, #000 0%, transparent); mask-image: linear-gradient(180deg, #000 0%, transparent); } Join now to continue reading. Members get exclusive analysis, bonus features and no advertising. Learn more. If you’re already a member, sign in to your account.

    More | Talk | Read It Later | Share
  • Deadline Passes for Mark Robinson to Drop Out
    Political Wire, Friday - 09/20/2024 - 05:58 AM

    North Carolina Lt. Gov. Mark Robinson (R) is officially staying in the race for governor after the midnight deadline for him to drop out of the race passed, WRAL reports. Robinson was pressured from members of his own party to drop out of the state’s gubernatorial race, following a CNN report that said he made lewd and divisive comments on a pornographic website. Larry Sabato’s Crystal Ball shifted its race rating to likely Democratic.

    More | Talk | Read It Later | Share
  • Harris Outspends Trump by Tens of Millions Online
    Political Wire, Friday - 09/20/2024 - 05:55 AM

    Kamala Harris outspent Donald Trump “by 20 to 1 on Facebook and Instagram in the week surrounding their debate, capitalizing on the moment to plaster battleground states with ads and to hunt for new donors nationwide,” the New York Times reports. “The lopsided spending — $12.2 million to $611,228 on Meta’s platforms, according to company records — was hardly an outlier.

    More | Talk | Read It Later | Share
  • Gaetz Attended Party at the Center of Sex Trafficking Case
    Political Wire, Friday - 09/20/2024 - 05:54 AM

    “Rep. Matt Gaetz attended a drug-fueled sex party in 2017 with the 17-year-old girl at the center of the alleged sex trafficking scandal, according to legal documents filed to a Florida federal court shortly before midnight Thursday, which cite sealed affidavits from three eye-witness testimonies,” NOTUS reports. “The minor, who was a junior in high school at the time, arrived in her mother’s car for a July 15, 2017 party at the Florida home of Chris Dorworth, a lobbyist and friend of Gaetz’s.”

    More | Talk | Read It Later | Share
  • House to Vote on Bolstering Secret Service Attention
    Political Wire, Friday - 09/20/2024 - 05:50 AM

    “The House is expected to vote Friday to pass a bill bolstering Secret Service protection for major presidential and vice presidential candidates, a move that comes in the wake of two apparent assassination attempts targeting GOP presidential nominee Donald Trump,” CNN reports. “The bill directs the Secret Service director to apply uniform standards for protection of presidents, vice presidents and major presidential and vice presidential candidates.”

    More | Talk | Read It Later | Share