Fed head sees bad-ish, but not bad, times ahead
In testimony this morning before Congress’ Joint Economic Committee, Federal Reserve Chairman Ben Bernanke predicted “a host of economic problems, including the severe housing slump, will cause business growth to slow noticeably in coming months”, according to an Associated Press summary. Who’d have guessed that beneath [...]

Getting to know the Treasury Secretary
For the most part, the public has no idea who Henry Paulson is, and given this report from Bloomberg news, that’s probably a good thing for Paulson. After all, you’re unlikely to be the focus of public outrage, if the public doesn’t know who you are.