Please ensure Javascript is enabled for purposes of website accessibility
Home / News / Economy (page 6)

Economy

Yellen: Expect continuity at the Fed

WASHINGTON — Federal Reserve Chair Janet Yellen sought Tuesday to reassure investors that she will embrace the approach to interest-rate policy that her predecessor, Ben Bernanke, pursued before he stepped down as chairman last month. Yellen told Congress that if ...

Read More »

Cuomo: Local min. wages would disrupt economy

ALBANY — Gov. Andrew Cuomo is opposed to letting individual municipalities set their own minimum wages and tax rates, as New York City Mayor Bill de Blasio wants to do. Cuomo said “we don’t want to have different cities with ...

Read More »

Republicans set stage for raising debt limit

WASHINGTON — Unwilling to risk spooking the markets, and leading a fractured GOP majority, House Speaker John Boehner on Tuesday stepped back from a confrontation with Democrats to let Congress vote on increasing the government’s borrowing cap without trying to ...

Read More »

Regional economy shows some positive signs

any have been grumbling about the state of the local economy since the recession hit full force in 2008, but a local economist says there have been positive signs of growth since a year after the period of significant upheaval. ...

Read More »

Despite market unrest, Fed likely to pare stimulus

WASHINGTON — Just as Ben Bernanke prepares to turn the chairmanship of the Federal Reserve over to Janet Yellen, global markets are on edge over the prospect that she’ll extend a policy he began: a steady pullback in the Fed’s ...

Read More »

City prepares to address $27.9 million budget gap

Mayor Lovely A. Warren is asking staff and department heads to focus on the priorities of improving neighborhoods, developing the workforce, improving public safety and creating educational opportunities as she prepares a 2014-15 budget. The city of Rochester is struggling ...

Read More »

Phillips Lytle hosts Start-Up NY seminar

A lot of questions still surround the new Start-Up NY program launched by the governor last fall to jump-start the state’s economic engine. To help answer some of those questions, Phillips Lytle LLP invited various business people to an informational ...

Read More »

Federal government runs Dec. surplus of $53.2B

WASHINGTON — The U.S. government ran a $53.2 billion surplus in December, signaling further improvement in the nation’s finances. The surplus was the largest since September and a record for the month of December, according to the Treasury Department report ...

Read More »

Yellen faces challenges as Fed trims bond buys

WASHINGTON — Janet Yellen will take the helm of a Federal Reserve facing a significantly different economic landscape from the one that dominated Ben Bernanke’s tenure as chairman, confronting her with different decisions as well. Bernanke’s eight years leading the ...

Read More »

Fed bond purchases to drop by $10 billion in January

The news conference of Federal Reserve Chairman Ben Bernanke appears on a television screen at a trading post on the floor of the New York Stock Exchange on Wednesday. The Federal Reserve has decided to reduce its stimulus for the U.S. economy because the job market has shown steady improvement. The Fed will trim its $85 billion a month in bond purchases by $10 billion starting in January. AP Images

WASHINGTON — The Federal Reserve has decided to reduce its stimulus for the U.S. economy because the job market has shown steady improvement. The shift could lead to higher long-term borrowing rates for individuals and businesses. The Fed’s decision amounts ...

Read More »