Economy

With the economy rocketing along, is the Federal Reserve worried about inflation again? It depends on which Fed members you ask. John Dimsdale reports.

Renowned economist John Kenneth Galbraith died over the weekend at the age of 97. Galbraith was one of the architects of Roosevelt's New Deal, and something of a celebrity in his time. Matthew Algeo tells us more about Galbraith's life.

The government says the US gross domestic product for the first quarter grew by almost 5%, doubling the growth from last year at this time. But Bob Moon reports that everyone's got a different read on what the numbers mean.

New numbers out this morning reveal that the economy grew 4.8-percent this month. That's the strongest rate of growth since the third quarter of 2003. However Amy Scott says enjoy it now, because it probably won't last.

Personal finance expert Chris Farrell talks to host Lisa Napoli about the implications of a new study that finds the U.S. labor pool is shrinking.

Enthusiasm among builders over the continued strength of the housing market has fallen to lows not seen since 2001. Stacey Vanek-Smith has more.

The Federal Reserve is expected to release minutes from it most recent meeting today, and analysts are expected to pore over the text to find insight into the thinking of new Fed chief Ben Bernanke. Alisa Roth reports.

While America and Britain share many cultural traits, Financial Times editor David Wells says their approach to the public sector budget process couldn't be more different.

The Federal Open Market Committee holds its first meeting today under new leader Ben Bernanke. The Fed Chairman might be new, but analysts expect more of the same when it comes to interest rates. Amy Scott reports.

Federal Reserve Chairman Ben Bernanke gave one of his first public speeches last night. He didn't tip his hand much on interest rates. Stacey Vanek-Smith reports.