Jeremy Nalewaik

GDP: An Imperfect Measure of Progress

Which is better for a country’s well-being: $10 million spent constructing a jail, or $10 million spent producing a line of smartphones? How about clear- cutting rain forests to produce $10 million in lumber? Or a storm that requires $10 million in repairs?

The Bad News in Today's Happy Growth Report

In its latest report on U.S. economic output, the Commerce Department revised up its estimate of growth in the third quarter from a ho-hum 2.0 percent to a healthy 2.7 percent. But if you dig a bit deeper, you'll find at least an equal-sized serving of bad news.

Hamilton Sees U.S. Growth Picking Up While Odds of Recession Are Higher

The U.S. economy will probably gain strength during the second half of the year, while the risk of a relapse into recession has risen, said James Hamilton, an economics professor at the University of California, San Diego.

Recession Threatening U.S. After Household Spending’s Consecutive Declines

Recession signals in the world’s largest economy are flashing red again.

Fed Policy Makers May Consider Additional Stimulus as U.S. Economy Slows

Federal Reserve policy makers may start weighing additional steps to prop up the recovery after growth fell below 1 percent in the first half of this year and economists began cutting second-half growth forecasts.

Economy Close to Stall Speed May Signal New Recession

Economics isn’t rocket science, but the U.S. economy is a little like a rocket. If it has enough thrust, it can escape the tug of economic gravity. Not enough, and it just might go into a tailspin. Economists at the Federal Reserve and elsewhere are studying whether today’s slow growth is a precursor to an outright recession -- and if so, why.

Stagnant August Hiring in U.S. May Signal Renewed Recession

The U.S. may be on the cusp of a recession for the first time in more than two years.

Fed’s Bullard Says New 2013 Rate Pledge Not a Signal for More Bond Buying

St. Louis Federal Reserve Bank President James Bullard, who was the first Fed policy maker to urge the round of bond purchases that started last year, said the central bank isn’t signaling a third stimulus program with its commitment to keep rates near zero through mid-2013.

Fed’s Dudley Reduces His Expectations for U.S. Economic Growth

Federal Reserve Bank of New York President William C. Dudley said policy makers gave a “sober assessment” of the U.S. economy this week and that he cut his forecast for growth.

U.S. Treasuries Favored Over German Bunds Before Jackson Hole by Carmignac

Carmignac Gestion has switched to Treasuries from German debt on a bet that 10-year U.S. yields have further to fall because the Federal Reserve will support the world’s largest economy as it faces the risk of recession.

Ben S. Bernanke

Institute For Supply Management

New York

Martin Feldstein

Holder Confirms U.S. Drones Have Killed Four Americans

Bernanke Says Premature Tightening Would Endanger Recovery

Cameron Meets Security Chiefs on Suspected London Terror

Nobel Laureate Phelps Warns Against EU as Iceland Abandons Talks

IRS’s Lerner May Have Waived Rights at Hearing, Issa Says