The head of the Federal Reserve Bank of Boston said Friday that unemployment will remain high even as the economy recovers as consumers continue to pull back on spending and businesses have trouble getting access to credit. Eric S. Rosengren, president and CEO of the Boston Fed ...

WASHINGTON (Reuters) - U.S. economic conditions stabilized or improved modestly in most parts of the country, according to a Federal Reserve report on Wednesday that suggested the economy was slowly clawing out of a recession. In its "Beige Book" of anecdotal reports on the economy, the Fed noted improvement in two of the hardest hit areas -- residential real estate and ...