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Federal Reserve reports $4 trillion balance at end of 2013

The Federal Reserve said Friday its balance sheet swelled to $4.0 trillion at the end of 2013 as it made massive asset purchases to support the U.S. economy. The Fed, in a report of its 2013 financial results, said net assets increased by $1.1 trillion compared with its balance on…

U.S. data point to soft March jobs report

Disappointing economic data raised concerns that Friday’s labor report will come in worse than expected, despite the Federal Reserve’s supersized stimulus. Private sector hiring cooled in March as the federal government launched $85 billion in “sequester” spending cuts over the next seven months in the face of congressional budget gridlock.…

Rising fuel costs cloud U.S. economic outlook: Fed

WASHINGTON — Higher gasoline prices are muddying what is an otherwise improving outlook for the US economy, the Federal Reserve said in a keenly watched report, published Wednesday. In its Beige Book survey — which frames its policy meeting later this month — the Fed held its cautious optimism about…

Stewart: U.S. government is ‘world’s dumbest loan shark’

In this segment from last night’s Daily Show, Jon Stewart reacts to the news that the Federal Reserve secretly bailed out U.S. banks to the tune of an interest-free 7.7 trillion dollars, then borrowed the money back from the banks with interest. And in the process, something unspeakable happens to…

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