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Tag Archives: U.S. Economy

House Committee Examines Dodd-Frank’s Impact On American Prosperity

Wallison presented a chart that compared recovery from the financial crisis of 2008 with that of previous crises and noted that from 2009 until the passage of Dodd-Frank in July 2010, economic recovery was on the same pace as previous recoveries. He contended that recovery began to slow down when Dodd-Frank was signed into law.

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Economic Activity Expands and Home Sales Increase In Most Fed Districts

"Almost all of our contacts noted a seasonal increase in their residential mortgage business, which was heavily weighted toward new-home purchases," the Fed wrote. "The rapid rise in rental rates was cited as a motivating factor to purchase homes. Little change was reported in delinquencies (already at low levels) and loan-application standards."

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Inflation Rate and International Developments Are Areas of Economic Uncertainty

Rosengren said slack in the labor market, or excess supply, may exist despite the recent decline of the unemployment rate to 5.3 percent, which may be a reason why the inflation rate remains subdued. The employment-to-population ratio may be evidence of slack in the labor market, though some of the slack can be attributed to changes in demographics, according to the Boston Fed.

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Witnesses at House Committee Hearing Testify of Dodd-Frank’s Adverse Effects

The hearing, titled "Dodd-Frank Five Years Later: Are We More Stable?" was the first in a series of three full Committee hearings to examine the impact Dodd-Frank has had on American consumers and the country's financial system and economy since President Obama signed it in to law in July 2010. The focus of Thursday's hearing was on how the 400 new regulations enacted in the 2,300-page law is a threat to the country's financial stability.

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