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Aiken Standard in Aiken, South Carolina

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Newspaper

Aiken Standard

Location

Aiken, South Carolina, United States of America

Date

Nov 18, 2010

Page

10

October inflation eases as core prices hold steady

Prices rose moderately in October with the core index unchanged for a third month. Year over year core inflation sits at 0.6 percent, the slowest since 1937, while housing costs edged up 0.1 percent. Federal Reserve bond buys aim to spur growth amid criticism.

Washington, D.C Unem Federal Reserve Central Bank Treasury United States Dan Greenhaus Miller Tabak

Bond plan could create 700k jobs in two years

Federal Reserve Chair Ben Bernanke told the Senate Banking Committee that the $600 billion bond purchase program could create about 700,000 jobs over two years. He cited Boston Fed research as justification for the forecast amid GOP concerns about inflation and Fed overreach.

Washington, D.C Federal Reserve Ben Bernanke Capitol Hill Fed Bernanke Senate Banking Committee Richard Shelby R-Ala Federal Reserve Bank of Boston Treasury

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