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.
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Unem
Federal Reserve
Central Bank
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United States
Dan Greenhaus
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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.
MENTIONED IN THIS ARTICLE
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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