Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

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Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

NATION [Derived Headline]

Article excerpt


Federal Reserve Chair Janet Yellen said today that the Great Recession complicated the Fed's ability to assess the U.S. job market and made it harder to determine when to adjust interest rates.

Ms. Yellen's remarks to an annual Fed conference in Jackson Hole, Wyo., offered no signal that she's altered her view that the economy still needs Fed support from ultra-low interest rates. The timing of a Fed rate increase remains unclear.

The Fed chair noted that while the unemployment rate has steadily declined, other gauges of the job market have been harder to evaluate and may reflect continued weakness. These include high levels of people who have been unemployed for more than six months, many people working part time who would like full-time jobs and weak pay growth.

Ms. Yellen repeated language the Fed has used at its last meeting that record-low short-term rates will likely remain appropriate for a "considerable time" after the Fed stops buying bonds to keep long- term rates down. The Fed's bond buying is set to end this fall.

But Ms. Yellen said the Fed's rate decisions will be dictated by how the economy performs.


BOSTON - Autism may be a disorder of hyper-connectivity in the brain, according to a study that found children with the condition have too many synapses, the points where neurons connect and communicate with each other.

The study, published Thursday in the journal Neuron, suggests that a dysfunction in the brain doesn't prune the neurons during development, as happens in most people. Researchers from Columbia University Medical Center examined tissue from the brains of children who had died, including those with and without autism.

Autism disorders are characterized by indifference to social engagement, communication difficulties and repetitive behaviors. …

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