via The Federal Reserve Board

BY KELLEN HENRY – MEDILL NEWS SERVICE

The economic story in the Midwest is the same the one we’re hearing across most of the country — The economy is weak, but it’s no longer in free-fall.

According to The Beige Book, the report on current economic conditions released [...]

The Fed predicts unemployment will stay above 8 percent through 2011

BY JORDAN MELNICK — MEDILL NEWS SERVICE

Here’s a variation on an old favorite: If an economy climbs out of recession and nobody gets a job, does it make a difference? This spin of Berkeley’s enigmatic query arises from the Fed’s [...]

Fed Chairman Ben Bernanke/Flickr

BY KATE SHELLNUTT – MEDILL NEWS SERVICE

Unsurprisingly, first question to Fed Chairman Ben Bernanke following his keynote address at the Bank Structure and Competition Conference was about this week’s catchphrase, “stress tests.”

After declining to reveal the results of the Fed’s evaluation of the country’s biggest financial institutions [...]

 Federal Reserve Board Chairman Ben Bernanke/Flickr

BY DEB WEINSTEIN — MEDILL NEWS SERVICE

Speaking via satellite to an audience of over 200 at the Federal Reserve Bank of Chicago’s annual Bank Structure and Competition conference, Fed Chairman Ben Bernanke outlined what he called “lessons of the crisis.”

The major lesson: Oversight [...]

(Data: Bureau of Labor Statistics)

BY DEB WEINSTEIN — MEDILL REPORTS

The number of unemployed swelled to 8.5 percent in March, up from 8.1 percent in February, according to the latest report by the Bureau of Labor Statistics. The

BY BENJAMIN MIRASKI, MEDILL NEWS SERVICE

The Federal Reserve has released the minutes of the Federal Open Market Committee meeting that took place on August 5. The thing about the FOMC minutes is that they normally don’t tell us anything we didn’t already know.

At its policy-setting meetings, the [...]

BY BENJAMIN MIRASKI, MEDILL NEWS SERVICE

Seats on the Federal Reserve Board of Governors, that is.

This morning, Elizabeth Duke was sworn in as the sixth member of the board, announced by the Federal Reserve this morning. Duke was previously senior executive vice president and chief operating [...]

Chicagoans hungry for books about food, publishers happy to serve up more
by Molly Seltzer
Apr 28, 2008

Loaves and popovers grow lofty and puffy because yeast feeds on sugar and releases carbon dioxide.  These rising breads are causing something else to rise — the popularity of food books.

In the [...]