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  • Tornado victims counting on FEMA assistance; it's not coming Play Video

    May 2, 2016 10:29 PM

    ASSUMPTION PARISH - Two months after a tornado turned lives upside down, Assumption Parish residents have been told the damage wasn't bad enough for them to receive assistance from the federal government . Construction crews are in the process of rebuilding homes, while others have been leveled. "We... more »
  • Fed finally lifts key interest rate from near zero

    December 16, 2015 2:04 PM

    WASHINGTON - The Federal Reserve is raising interest rates after seven years of record lows. But it's signaling that further rate hikes will likely be made slowly as the economy strengthens further and muted inflation rises. The Fed's move to lift its key rate by a quarter-point to a range... more »
  • Yellen says economy on track ahead of expected rate hike

    December 2, 2015 12:54 PM

    WASHINGTON - Federal Reserve Chair Janet Yellen indicates that the U.S. economy is on track for an interest rate hike this month, but the Fed will need to review incoming data before making a final decision. Yellen says the economy's progress since its last meeting in October is in... more »
  • Fed vice chair indicates September rate hike still possible

    August 28, 2015 12:15 PM

    WASHINGTON - Federal Reserve Vice Chairman Stanley Fischer says that incoming economic data and market developments will likely determine whether the Fed boosts interest rates in September. Fischer says that before the recent turbulence in financial markets, there was a "pretty strong case" for starting to hike rates in... more »
  • Obama says Yellen is his choice to take over Fed

    October 9, 2013 2:35 PM

    WASHINGTON - President Barack Obama says that in Janet Yellen he's found a tough and proven leader to take over as chairman of the Federal Reserve. Yellen currently is No. 2 at the nation's powerful central bank. She would succeed outgoing Fed Chairman Ben Bernanke at a pivotal time for... more »
  • Economy "paused" last quarter

    January 30, 2013 7:40 PM

    The Federal Reserve took no action after a two day policy meeting even though it says the economy paused in recent months. It did reaffirm its commitment to boost the sluggish economy by keeping borrowing cheap for the foreseeable future. Last month The Fed said it would keep its key... more »

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