MIT alumnus wins Nobel Prize in economic science
WASHINGTON — The French economist Jean Tirole PhD ’81, a student of imperfect markets, has spent decades dissecting the many industries where competition does not fulfill the textbook promise that prices will be low and quality will be high.
Fed to maintain stimulus efforts despite jobs growth
WASHINGTON — Employment has been increasing at a healthy clip for the last few months, but the Federal Reserve is not ready to relax just yet.
Nov. 6 election looms large for monetary policy
WASHINGTON — The next significant event for monetary policy is not the Federal Reserve’s meeting Tuesday and Wednesday, which is likely to pass quietly, but the presidential election two weeks later.
Fed ties new aid to jobs recovery in forceful move Thursday
WASHINGTON — The Federal Reserve opened a new chapter Thursday in its efforts to stimulate the economy, saying that it intends to buy large quantities of mortgage bonds, and potentially other assets, until the job market improves substantially.
Budget cuts raise doubt on course of recovery
WASHINGTON — The budget deal struck last week amounts to a bet by the Obama administration that the loss of $38 billion in federal spending will not be the straw that breaks the back of a fragile economic recovery.
Some professors say finance reform bill misses point
As Democrats close in on their goal of overhauling the nation’s financial regulations, several prominent experts say that the legislation does not even address the right problems, leaving the financial system vulnerable to another major crisis.