If approved by the United States Senate, Michigan State prof Lisa Cook would be the first Black woman to serve on the Federal Reserve Board of Governors
Core prices jumped 5.5% year over year in the United States, the highest such increase since 1991, driven in part by mismatches between demand and supply
Unemployment rate fell to 10.2% in July
The economic rescue package would expand unemployment benefits, provide a program for small businesses and give direct payments to most Americans
The exemption threshold has doubled, but paperwork is still required
Further rate hikes from the Fed may not be necessary.
The gain reflected a big jump stockpiling by businesses and a sharp contraction in the trade deficit
The consumer price index rose 1.9% compared to a year ago
U.S. securities industry lobbyists say developing standards at the state level will result in conflicting requirements
Policy-makers cite rising threats to U.S. economy