Entries tagged "Labor Department"
The markets finished in the green with the Dow closing up 95.61, or 1.11%, to 8,711.82 while the Nasdaq advanced 22.13, or 1.19%, to 1,885.03.
More signs the end of the recession may be in sight, but the infernal fortune-telling tool, the Magic 8-Ball, keeps responding with fuzzy answers.
As President-elect Barack Obama convenes his economic team to discuss the state of the U.S. economy, one name on the list, Paul Volcker, might seem unusual at this moment in time. Volcker, the former Federal Reserve chairman under Presidents Carter and Reagan, may be considered for treasury secretary. Although Obama has yet to name any Cabinet member, Volcker stood just behind Obama at Friday's meeting -- Vice president-elect Joe Biden flanked the president-elect on the opposite side -- perhaps giving us a tip off to who may secure the position. However, Volcker's history as an inflation hawk would make him...
