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Federal Reserve Chair Janet Yellen. The two-part tests are conducted annually to examine the health of U.S. banks. In the first round, the simulated crisis included a global recession with unemployment spiking to 10 percent, stock markets collapsing 50 percent, housing prices dropping a quarter, and severe downturns in the U.K., Europe, and Japan. (AP Photo/Susan Walsh)
Economy

GOP lawmaker: Fed chair Janet Yellen wants Consumer Financial Protection Bureau funding changed

Joseph Lawler -
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Janet Yellen’s Very Bad Week
Magazine

Janet Yellen’s Very Bad Week

Irwin M. Stelzer -
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Investors had expected 243,000 new jobless claims. (AP Photo/Alan Diaz)
Economy

Jobless claims drop to 237,000

Joseph Lawler -
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Federal Reserve Chair Janet Yellen speaks in Washington, Wednesday, June 14, 2017, to announce the Federal Open Market Committee decision on interest rates following a two-day meeting. The Federal Reserve has raised its key interest rate for the third time in six months, providing its latest vote of confidence in a slow-growing but durable economy. (AP Photo/Susan Walsh)
Economy

Jobs market is hot any way you look at it, Yellen says

Joseph Lawler -
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The increase brings the Fed’s target for short-term interest rates to a range of 1 percent to 1.25 percent, back to its 2008 level. (AP Photo/Andrew Harnik)
Economy

Federal Reserve announces second rate hike this year, despite slower inflation

Joseph Lawler -
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Economists suggest that higher inflation might be needed to lower unemployment given the weak economic recovery. (AP Photo/Susan Walsh)
Economy

Former Obama, Fed officials call on central bank to ditch inflation target

Joseph Lawler -
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Occasionally having the president's ear is no substitute for real influence or power, especially considering how often the president disregards his counsel. (Heidi Levine, pool via AP)
Beltway Confidential

No, Ivanka is not the most powerful Jewish woman in the US

Becket Adams -
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Six in 10 people say the economy has improved under President Trump, and 38 percent give him some credit for it. (AP Photo/Alex Brandon)
Economy

Trump zeroing in on candidates for Federal Reserve

Joseph Lawler -
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Federal Reserve officials are looking to reverse the massive bond-buying programs they launched during the recession later this year. (AP Photo/Susan Walsh, File)
Economy

Federal Reserve eyes reversing quantitative easing three months at a time

Joseph Lawler -
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Investors had expected the Fed to keep rates steady, but they have been seeking a better sense of the Fed’s intentions for the rest of the year. (AP Photo/Richard Drew)
Economy

Fed holds off on rate hike, but downplays weak first-quarter growth

Joseph Lawler -
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