Federal Reserve Chairman Ben Bernanke fired his most pointed rebuttal yet at foreign critics who say the U.S. central bank's easy money policies are breeding inflation and asset bubbles abroad.
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The European Central Bank must avoid at all costs the rise in oil and commodities prices being passed on to wages and other prices, its president, Jean-Claude Trichet, said, repeating that the ECB will do whatever it takes to ensure price stability in the euro zone.
Top Senate Democrats tried to scotch efforts by Majority Whip Richard Durbin to include Social Security in comprehensive deficit-reduction negotiations.
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China's central bank said Friday it will raise banks' reserve-requirement ratio by 0.5 percentage point, the second such increase this year, as inflationary pressures remain in the spotlight.
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Italian central-bank governor Mario Draghi appears to be drawing growing support among euro-zone governments to become the next president of the ECB, a senior minister from a euro-zone government said.
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The euro zone needs tighter rules on fiscal policy to fortify the single currency and an effective mechanism for crisis management, Italian central-bank governor Mario Draghi says.
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Producer prices in Germany jumped faster-than-expected in January, as energy prices rose sharply, data from the Federal Statistics Office showed.
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U.K. retail sales rebounded in January from the sharp drop recorded in December as weather conditions returned to normal after heavy snowfall the previous month.
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Use of the European Central Bank's emergency-marginal- lending facility rose further Thursday after hitting its highest level in more than 19 months Wednesday.
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Malaysia's economy continued to cool in the fourth quarter, suggesting the country's central bank will likely hold its policy interest rate steady in March.
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364% -- Difference in the hourly earnings of high-paid and low-paid employees.
Treasury Secretary Timothy Geithner is an old hand at gatherings of international finance officials, and appeared completely at ease Friday during the summit of economic officials from the Group of 20 leading industrial nations in Paris. So comfortable, in fact, that he made a neighborly observation about the seeming willingness of Europeans to rescue failing companies.
The federal budget is a confusing document. So we break it down for you in one chart.
Funding for home heating and cooling assistance would tumble by roughly half under the White House's proposed budget, but because state allocations rely partly on arcane demographic data, not all states will share the burden of cuts equally.
When Barack Obama's budget arrives on Monday, look for responses to two issues: The budget is on an unsustainable course, and the economy isn't growing fast enough to bring down unemployment and raise incomes.
Commercial property took less of a drubbing than residential real estate in the recession but still faces a long and painful recovery.
Companies are starting to hire again, but finding highly qualified applicants for more technical positions is proving a challenge for some firms.
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Strong economic growth should, in theory, make the U.S.'s problems easier to solve. In reality, it often fosters complacency and allows officials to avoid unpalatable choices.
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Since the start of the recession in 2007, U.S. consumer spending has taken a hit. Track adjusted estimates of spending, based on data from the monthly and annual Retail Trade Survey and administrative records.
As the world-wide economy slowly heals from the Great Recession, central banks take different paths to recovery. Most countries remain in an easing cycle with low interest rates, but some are seeking to tighten policy.
Dig in and download forecasts for GDP growth, inflation, oil prices, housing, recession calls and more. See prior survey installments at WSJ.com/Economist.