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Economy rebounds in 2Q, mostly spurred by exports
WASHINGTON - The economy shifted to a higher gear in the spring, growing at its fastest pace in nearly a year as foreign buyers snapped up U.S. exports and tax rebates spurred shoppers at home.
People:Ben Bernanke Barack Obama John McCain Activities:2008 U.S. Recession Source:(AP)
2008-08-28
Fed: Rates not too low; next move likely to be up
WASHINGTON - Even as they grappled with inflation worries, most Federal Reserve officials at their August meeting didn't believe the Fed's key interest rate was too low given harder-to-get credit conditions straining consumers and businesses alike.
People:Ben Bernanke Activities:2007-8 Global Inflation Source:(AP)
2008-08-26
Wall Street bailout aid questioned at Fed event
JACKSON, Wyo. - Do Washington policymakers listen too much to Wall Street? A possible bailout of Fannie Mae and Freddie Mac, on the heels of similar action involving investment firm Bear Stearns, seems to send a loud signal to financial companies that the government will clean up their messes.
Nations:Italy People:Ben Bernanke Activities:2007 Global Credit Crunch
2008-08-24
ECB's Trichet says still in market correction
JACKSON HOLE, Wyoming (Reuters) - European Central Bank President Jean-Claude Trichet on Saturday defended central bank responses to the financial turmoil that has roiled global markets for the past year and warned the storm is not over.
People:Ben Bernanke Activities:2007 Global Credit Crunch
2008-08-23
View of economy somber from Fed mountain retreat
JACKSON HOLE, Wyoming (Reuters) - A towering grizzly bear guards the doorway to the Federal Reserve's annual policy retreat in this Teton Mountain resort, serving a reminder to central bankers of the battle to sooth the credit crunch.
Nations:Italy People:Ben Bernanke Activities:2008 U.S. Recession 2007 Global Credit Crunch
2008-08-23
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