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Mid-Michigan News from NBC25
Latest news from around Mid-Michigan, the State of Michigan and the Nation/World
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Wednesday, September 21, 2011
The Federal Reserve will use more than $400 billion to try to drive down long-term interest rates, make home and business loans cheaper and invigorate the economy.
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Friday, August 27, 2010
The economy grew at a much slower pace this spring than previously estimated, mostly due to the largest surge in imports in 26 years and a slowdown in companies' restocking of goods.
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Wednesday, July 21, 2010
Federal Reserve Chairman Ben Bernanke told Congress on Wednesday that the outlook for the economy remains "unusually uncertain" but that the Fed plans no specific steps "in the near term" to try to fuel the struggling recovery.
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Wednesday, June 23, 2010
The Federal Reserve is expected to leave interest rates at record lows as it ends a two-day meeting Wednesday with policymakers having cause for optimism as well as caution.
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Tuesday, April 27, 2010
President Barack Obama said Tuesday Washington must urgently confront unpleasant truths about deficits, while the Federal Reserve chairman said failure to mop up red-ink spending would "ultimately do great damage" to the country.
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Wednesday, February 10, 2010
Federal Reserve Chairman Ben Bernanke began Wednesday to outline the central bank's strategy for reeling in stimulus money once the economic recovery is more firmly rooted.
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Thursday, January 28, 2010
The Senate has confirmed Ben Bernanke for a second term as chairman of the Federal Reserve.
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Thursday, December 17, 2009
Senate panel clears Bernanke to 2nd term; next stop Senate
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Monday, December 07, 2009
Stocks little changed at open as dollar strengthens, investors weigh chances of rate hike
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Wednesday, September 16, 2009
Housing starts rise, but key single-family sector cools; new jobless claims drop modestly
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Tuesday, September 15, 2009
Bernanke says recession 'very likely over,' confident Congress will pass new financial rules
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Monday, July 20, 2009
Bernanke to update Congress on economy, expected to face tough questions on bailouts, recovery
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Wednesday, January 28, 2009
Hoping to keep distressed borrowers in their homes, the Federal Reserve is moving ahead on a number of relief options.
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