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  • Fed Sees Slower Growth But Signals Rate Pause Wednesday, 21 May 2008 | 2:04 PM ET

    The Fed cut its economic growth forecast and warned of higher inflation and unemployment but signaled more rate cuts are unlikely.  "If you had any doubt that the Fed is signaling a pause, that doubt is gone," said one economist.

  • Fed's Kohn: More Trouble From Housing, Inflation Tuesday, 20 May 2008 | 11:42 AM ET
    Donald L. Kohn

    US interest rates seem to be at the right level to help the sputtering economy without sparking inflation, but policy-makers need to be ready to adjust quickly in the face of a highly uncertain outlook, Federal Reserve Vice Chairman Donald Kohn said Tuesday.

  • What is Buffett Looking for in Europe? Tuesday, 20 May 2008 | 8:15 AM ET
    Warren Buffett

    The Oracle of Omaha is looking for European businesses with pre-tax profits of at least $75 million, but he says the bigger the better. The tour began in Frankfurt, continues in Lausanne, Switzerland Tuesday and rolls on to Madrid and Milan later in the week.

  • Economy Is Weak, But No Recession, Indicators Show Monday, 19 May 2008 | 10:06 AM ET

    The U.S. economy is weak but does not appear to be in a recession, according to a key forecasting gauge, the Conference Board reported.

  • Buffett: Fallout From Credit Crisis Not Over Yet Monday, 19 May 2008 | 9:30 AM ET
    Warren Buffett

    The fallout from the global credit crisis is not over yet, billionaire investor Warren Buffett said Monday.

  • UAW Urges Adoption of Axle Deal to Angry Workers Monday, 19 May 2008 | 4:06 AM ET

    United Auto Workers officials Sunday urged American Axle & Manufacturing Holdings workers to ratify a contract that would cut wages by almost 40 percent, shutter three plants and end a three-month-old strike with a subsidy of $218 million from General Motors.

  • Summer Job? Many Teens Are Saying No Thanks Friday, 16 May 2008 | 4:31 PM ET

    Many teens are seeking jobs that will help them get into college, so they're skipping the traditional summer employment that doesn't add anything to a resume.

  • Paulson: Economy Is Better But Housing Still a Threat Friday, 16 May 2008 | 12:11 PM ET
    Henry Paulson

    The US economy and financial markets will improve by year-end but housing still poses the biggest threat to the economy, Treasury Secretary Paulson predicted.

  • Credit Problems Spreading Beyond Mortgages: FDIC Friday, 16 May 2008 | 11:09 AM ET

    The head of the Federal Deposit Insurance Corp said on Friday that another wave of U.S. credit stress was coming, involving non-mortgage loans.

  • Fed's Lockhart: Economy May Avoid Recession Friday, 16 May 2008 | 7:54 AM ET

    The U.S. economy may avoid recession but it is likely to remain weak at least until the end of the year, Atlanta Federal Reserve President Dennis Lockhart told "Squawk Box" on Friday.

  • US Economy Is Still Weak But Not As Bad As Feared Thursday, 15 May 2008 | 11:29 AM ET

    Investors struggled to figure out where the economy is headed after reports showing a modest increase in jobless claims and weakness in the manufacturing sector.

  • Bernanke Stresses Need For Capital Cushion at Banks Thursday, 15 May 2008 | 9:27 AM ET

    Financial market turmoil underscores the need for "generous" capital cushions, and banks need to actively raise money as needed, Federal Reserve Chairman Ben Bernanke said Thursday.

  • US Economy Shows More Weakness in Manufacturing Thursday, 15 May 2008 | 8:47 AM ET

    The economy is continuing to slow, particularly in manufacturing,  though some areas are not quite as bad as expected, according to the latest reports out Thursday.

  • Rough Economy Now Hitting CEO Paychecks Thursday, 15 May 2008 | 7:21 AM ET

    CEO compensation at the biggest U.S. corporations dropped sharply last year, reflecting in part the rough business conditions at top-tier banks and other large financial firms, a study has found.

  • Gutierrez: US, China Need to Fight Protectionism Thursday, 15 May 2008 | 4:41 AM ET

    The United States and China both need to fend off a troubling rise in economic nationalism in order to keep their economies strong, U.S. Commerce Secretary Carlos Gutierrez said on Thursday.

  • Tame Inflation? Tell That To People Buying Gasoline Wednesday, 14 May 2008 | 1:23 PM ET
    New York Gas Prices at $4 per gallon

    In the real world, gasoline prices surged 5.6% in April, but the government smooths out seasonal oddities so prices appeared lower in Wednesday's inflation report.

  • Fed's Tools Won't Fix Housing Crisis: Pimco's El-Erian Wednesday, 14 May 2008 | 11:49 AM ET

    Bond fund leader Pimco's Mohamed El-Erian on Wednesday said the Federal Reserve does not have the tools to deal with the U.S. housing crisis and rapidly rising consumer prices, leaving it to lawmakers to avert a severe recession.

  • Ex-Fed Chief Volcker Sees 70's-Style Stagflation Wednesday, 14 May 2008 | 11:03 AM ET
    Former U.S. Federal Reserve Chairman Paul Volcker

    Former Federal Reserve Chairman Paul Volcker Wednesday said the central bank's role in overseeing financial markets needs to be more clearly defined and the that of rating agencies, sovereign wealth funds and hedge funds in the financial crisis should be weighed.

  • Consumer Inflation Tamer Than Expected in April Wednesday, 14 May 2008 | 8:34 AM ET

    Consumer prices rose a smaller-than-expected 0.2 percent in April as energy prices held steady, a Labor Department report on Wednesday showed.

  • Bernanke Says Crisis Not Over; Prices Worry Others Tuesday, 13 May 2008 | 4:04 PM ET
    Ben Bernanke

    U.S. Federal Reserve Chairman Ben Bernanke said the credit crisis is not over, even as his colleagues revealed growing concerns about inflation that could signal a pause in interest rate cuts.