economy

Yellen: Fed 'Patient'
Yellen: Fed 'Patient'
Yellen: Fed 'Patient'
WASHINGTON (AP) — Federal Reserve Chair Janet Yellen says the Federal Reserve remains patient in deciding when to start raising interest rates because too many Americans remain unemployed, wage growth remains sluggish and inflation is running below the Fed's target.
White House: Higher Wages Needed
White House: Higher Wages Needed
White House: Higher Wages Needed
WASHINGTON (AP) — President Barack Obama's top economists say that even as the U.S. has managed to kick-start a lasting and growing recovery, modest wage gains are far from making up for decades of paycheck stagnation for middle-class workers.
Optimism in Russia
Optimism in Russia
Optimism in Russia
MOSCOW (AP) — At the vast skating rink in Moscow's Gorky Park, Russians say they're looking forward to a 2015 that will be as smooth as the ice, despite the country's economic and political difficulties. The ruble has sunk, tensions with the West are up, but the troubles seem to have produced a surge in national pride.

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