Recessions and depressions

Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington, Wednesday, July 31, 2019. (AP Photo/Manuel Balce Ceneta)
August 01, 2019 - 12:56 am
WASHINGTON (AP) — The Federal Reserve cut its key interest rate Wednesday for the first time in a decade to try to counter the impact of President Donald Trump's trade wars, stubbornly low inflation and global weakness. It left open the possibility of future rate cuts, but perhaps not as many as...
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Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington, Wednesday, July 31, 2019. (AP Photo/Manuel Balce Ceneta)
July 31, 2019 - 6:59 pm
WASHINGTON (AP) — The Federal Reserve cut its key interest rate Wednesday for the first time in a decade to try to counter the impact of President Donald Trump's trade wars, stubbornly low inflation and global weakness. It left open the possibility of future rate cuts, but perhaps not as many as...
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Federal Reserve Chairman Jerome Powell walks to the podium during a news conference following a two-day Federal Open Market Committee meeting in Washington, Wednesday, July 31, 2019. (AP Photo/Manuel Balce Ceneta)
July 31, 2019 - 2:57 pm
WASHINGTON (AP) — The Federal Reserve cut its key interest rate Wednesday for the first time in a decade to try to counter threats ranging from uncertainties caused by President Donald Trump's trade wars to chronically low inflation and a dim global outlook. The Fed also repeated a pledge to "act...
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FILE - In this July 10, 2019, file photo Federal Reserve Chairman Jerome Powell testifies before the House Financial Services Committee on Capitol Hill in Washington. Powell has signaled that rising economic pressures, notably from President Donald Trump’s trade wars and from a global slowdown, have become cause for concern. (AP Photo/Susan Walsh, File)
July 31, 2019 - 2:05 pm
WASHINGTON (AP) — The Latest on the Federal Reserve and its action related to a key interest rate (all times local): 2 p.m. The Federal Reserve is cutting its key interest rate for the first time in a decade to try to counter threats ranging from uncertainties caused by President Donald Trump's...
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FILE - This file photo shows Indiana Reformatory booking shots of John Dillinger, stored in the state archives, and shows the notorious gangster as a 21-year-old. Records show that Dillinger was admitted into the reformatory on Sept. 16, 1924. The body of the 1930s gangster is set to be exhumed from an Indianapolis cemetery more than 85 years after he was killed by FBI agents. The Indiana State Department of Health approved a permit July 3, 2019, that Dillinger's nephew, Michael C. Thompson, sought to have the body exhumed from Crown Hill Cemetery and reinterred there.(AP Photo/The Indianapolis Star, Charlie Nye, File)
July 30, 2019 - 7:36 pm
INDIANAPOLIS (AP) — The body of notorious 1930s gangster John Dillinger is expected to be exhumed in September from a concrete-encased grave at an Indianapolis cemetery more than 85 years after he was killed by FBI agents outside a Chicago theater. The upcoming exhumation could put to rest...
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FILE - This June 20, 2019, file photo shows an existing home is offered for sale in Rutledge, Ga. Weaker home sales trends are expected to contribute to a sharp slowing in the home remodeling market. (AP Photo/John Bazemore, File)
July 29, 2019 - 1:31 pm
NEW YORK (AP) — Weaker home sales trends are expected to contribute to a sharp slowing in the home remodeling market. That's the conclusion of a report by Harvard University's Joint Center for Housing Studies. The quarterly report forecasts that spending by homeowners for renovations, expansions...
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FILE - In this July 10, 2019, file photo Federal Reserve Chairman Jerome Powell testifies before the House Financial Services Committee on Capitol Hill in Washington. Powell has signaled that rising economic pressures, notably from President Donald Trump’s trade wars and from a global slowdown, have become cause for concern. (AP Photo/Susan Walsh, File)
July 29, 2019 - 1:22 pm
WASHINGTON (AP) — There's little dispute that the Federal Reserve this week will do something it hasn't done since 2008, when the U.S. economy was gripped by the Great Recession: Cut its benchmark interest rate. This time, by contrast, the economy is solid by most measures. Consumers are spending...
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In this Wednesday, July 24, 2019 photo, the container ship Seaboard Atlantic is shown docked at PortMiami in Miami. The government says the U.S. economy grew more slowly in 2018 than it previously estimated, downgrading its estimate from 3% to 2.5%. President Donald Trump had frequently boasted of the 3% growth figure as evidence that his policies invigorated the economy. (AP Photo/Wilfredo Lee)
July 26, 2019 - 5:55 pm
WASHINGTON (AP) — The U.S. economy slowed sharply in the April-June quarter even as consumers stepped up their spending. The gross domestic product, the economy's total output of goods and services, grew at a 2.1% annual rate last quarter, down from a 3.1% gain in the first quarter, the Commerce...
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Sen. Elizabeth Warren, D-Mass., speaks about a bill to cancel student loan debt, Tuesday, July 23, 2019, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)
July 26, 2019 - 2:30 pm
WASHINGTON (AP) — Elizabeth Warren became a household name thanks to her prescient warning of what became a global financial crisis. Now she's staking her credentials on another forecast of fiscal trauma ahead. But even economists who like her prescription are skeptical about her diagnosis. The...
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Ex-New York City councilwoman Melissa Mark-Viverito, center, joins protesters outside La Fortaleza, in San Juan, Puerto Rico, Wednesday, July 24, 2019. Hundreds of thousands of Puerto Rico have been outraged by leaked, obscenity-laced online chats between Gov. Ricardo Rossello and his advisers, and have protested for nearly two weeks demanding his resignation. (AP Photo/Dennis M. Rivera Pichardo)
July 25, 2019 - 12:00 am
SAN JUAN, Puerto Rico (AP) — The latest on the political crisis in Puerto Rico (all times local): 11:55 p.m. Puerto Rico Gov. Ricardo Rosselló says he is resigning effective Aug. 2 in the face of public furor over an obscenity-laced online chat that showed the governor and close advisers insulting...
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