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The headquarters of Goldman Sachs in New York City is a looming presence. The investment bank announced Tuesday that it earned $1.05 billion for common shareholders in the second quarter, more than double its profits compared with the same period a year ago. But the amount was well below what analysts were expecting. (Associated Press)

Goldman Sachs oversight under fire again following new report

By David Sherfinski - The Washington Times

Goldman Sachs Chairman and Chief Executive Officer Lloyd Blankfein testifies before the Senate subcommittee on investigations hearing on Wall Street investment banks and the financial crisis on Capitol Hill in Washington on April 27, 2010. (AP Photo/Susan Walsh, File)

Fed committee overturned bank examiner’s finding on Goldman Sachs: report

By David Sherfinski - The Washington Times

In this Dec. 18, 2014 file photo, a car passes the price of gas at the Eastcoast filling station in Pennsauken N.J. Average gas prices nationwide have dropped to $2.32 a gallon in 2014, down roughly a dollar from a year ago, according to AAA. (AP Photo/Matt Rourke, File)

In 2014, US economy began shaky, finished strong

By Josh Boak - Associated Press

Treasury Secretary Jacob Lew, right, sitting next to Federal Reserve Chair Janet Yellen, speaks during an open session of the Financial Stability Oversight Council at the Treasury Department in Washington, Thursday, Dec. 18, 2014. The preliminary agenda for the open session includes an update on certain of the Council's 2014 annual report recommendations, a presentation by the Office of Financial Research regarding its annual report and updates to its Financial Stability Monitor, and a discussion of the Council's ongoing work on asset management. (AP Photo/Jacquelyn Martin)

PETER MORICI: The U.S. economy can handle higher interest rates

By Peter Morici

Federal Reserve Chair Janet Yellen makes a statement on jobs and economic outlook, Wednesday, Dec. 17, 2014, at the Federal Reserve in Washington. The U.S. economy is finally doing better, and the Federal Reserve may be ready to acknowledge that fact. (AP Photo/Cliff Owen)

Federal Reserve Board will be ‘patient’ about possible rate hike in 2015

By David R. Sands - The Washington Times

In this Nov. 5, 2014 file photo, Nissan trim and chassis workers work on a new 2015 Nissan Murano at the Nissan plant in Canton, Miss. The Labor Department releases the Producer Price Index for November on Friday, Dec. 12, 2014. (AP Photo/Rogelio V. Solis, File)

Cheaper gas, food lower US producer prices

By Christopher S. Rugaber - Associated Press

FILE - This Sept. 18, 2013 file photo shows the Federal Reserve headquarters in Washington. Minutes of the Fed's discussion at its July 29-30, 2014 meeting show that some officials thought the economy was improving enough that the Fed would need "to call for a relatively prompt move" toward reducing the support it has been providing. Otherwise, they felt the Fed risked overshooting its targets for unemployment and inflation. (AP Photo/J. David Ake, File)

PETER MORICI: Fed needs to move on interest rates soon

By Peter Morici

Specialist Jason Hardzewicz works on the floor of the New York Stock Exchange Thursday, Dec. 4, 2014. U.S. stocks posted modest losses in early trading Thursday after European Central Bank President Mario Draghi hinted that the bank is ready to back a big monetary stimulus, but will be waiting until next year. (AP Photo/Richard Drew)

U.S. economy set for growth, hiring in 2015, financial executives predict

By David R. Sands - The Washington Times

As home sales begin to show modest gains months after massive federal rescue efforts took place to securitize faulty mortgages owned by Fannie Mae and Freddie Mac, analysts worry that the housing market may collapse when the government begins to draw back its support and that it may not be able to extract itself as planned.ASSOCIATED PRESS

Average US 30-year loan rate falls to 3.89 percent

Associated Press

In this Nov. 28, 2014 file photo, shoppers Manuel Orellano, center, with his daughter Marcela, left, and her son Manuel, 6, shop for children's clothing at JCPenney at the Glendale Galleria shopping mall in Glendale, Calif. (AP Photo/Damian Dovarganes, File) **FILE**

Fed survey finds improvement across U.S. economy

By Martin Crutsinger - Associated Press

Anvil and Dollar Inflation Illustration by Greg Groesch/The Washington Times

PETER SCHIFF: Federal Reserve inflation view takes U-turn from 20th century

By Peter Schiff

In this Feb. 7, 2014 photo, seven year old girl Charlotte Figi, who's parent describe her as once being severely and untreatably ill, walks around inside a greenhouse for a special strain of medical marijuana known as Charlotte's Web, which was named after Charlotte early in her treatment, at a grow location in a remote spot in the mountains west of Colorado Springs, Colo. Colol, A panel of legislative leaders on Wednesday, Oct. 15, 2014 approved a bill on a 13-5 vote that would limit how many plants marijuana caregivers can grow for their patients. (AP Photo/Brennan Linsley)

Colorado pot credit union could open next year

Associated Press

Federal Reserve Chair Janet Yellen (AP Photo/Susan Walsh)

EDITORIAL: Government bailouts in recession do more harm than good

By THE WASHINGTON TIMES

FILE - In this Oct. 22, 2014, file photo, Federal Reserve Chairwoman Janet Yellen speaks during a meeting of the Board of Governors of the Federal Reserve System at the Federal Reserve in Washington. The Federal Reserve releases minutes from its October interest-rate meeting on Wednesday, Nov. 19, 2014. (AP Photo/Susan Walsh, File)

Fed sees solid U.S. economy, despite new threats

By Martin Crutsinger - Associated Press

This undated photo provided by the Ohio Department of Rehabilitation and Correction shows Ricky Jackson, serving a life sentence for murder in the May 1975 killing of a money-order collector. Jackson is expected to be freed Friday, Nov. 21, 2014, after a witness confessed he lied as a boy when he told jurors he saw the deadly attack. (AP Photo/Ohio Department of Rehabilitation and Correction)

Witness recants, freeing Ohio man after 39 years: ‘I can’t believe this is over’

Associated Press

** FILE ** Military personnel inspect each occupied cell on a two-minute cycle at the Camp 5 maximum-security facility at the U.S. Naval Base at Guantanamo Bay, Cuba, in October 2007. (AP Photo/Brennan Linsley, File)

Judge rejects changes to Gitmo detainee’s force-feeding

Associated Press

Illustration: National debt by Greg Groesch for The Washington Times

EDITORIAL: Obamanomics on the ballot

By THE WASHINGTON TIMES

Federal Reserve Chairman Janet Yellen, left, reacts as a technician works to resolve a computer problem during her speech at a conference on economic opportunity at the Federal Reserve Bank in Boston, Friday, Oct. 17, 2014. (AP Photo/Michael Dwyer)

Fed keeps rate at record low, ends bond buying

By Martin Crutsinger - Associated Press

FILE - In this Oct. 22, 2014 file photo, Federal Reserve Chairwoman Janet Yellen speaks during a meeting of the Board of Governors of the Federal Reserve System at the Federal Reserve in Washington. Ending a two-day discussion Wednesday, Oct. 29, 2014, the Fed is expected to announce the end of its monthly bond buying program. It's also expected to signal that it remains in no hurry to raise its key short-term interest rate. (AP Photo/Susan Walsh)

Fed ends extraordinary stimulus as economy mends

By Patrice Hill - The Washington Times

FILE - This Sept. 18, 2013 file photo shows the Federal Reserve headquarters in Washington. Minutes of the Fed's discussion at its July 29-30, 2014 meeting show that some officials thought the economy was improving enough that the Fed would need "to call for a relatively prompt move" toward reducing the support it has been providing. Otherwise, they felt the Fed risked overshooting its targets for unemployment and inflation. (AP Photo/J. David Ake, File)

How well did the Fed’s stimulus work?

By Matthew Craft - Associated Press