Economists at the Federal Reserve Bank of New York expect slower, trend-like growth this year due to the drag created by government taxation and spending policies, and project things will speed up next year.

The housing market may finally be leaning on the gas pedal—but it’s also keeping a foot on the brake.

Stop worrying about the “jobless recovery.” Start worrying about the recovery-less recovery.

Jaime Caruana, general manager of the Bank for International Settlements, warned in an unusually frank speech that, while the ultra-low interest rates and ultra-easy monetary policy adopted by advanced economy central banks might have been the right response to the crisis when it broke, they are looking increasingly dangerous the longer they last.

The U.S. economy continues to recover from the 2008 financial crisis and the deep recession that followed, but it still has a long way to go until it feels "like a healthy economy," Fed governor Sarah Bloom Raskin said in a speech.

The economy would benefit much more from the Federal Reserve's aggressive monetary policy actions if not for the significant headwinds being created by government taxation and spending policies, a central bank official said.

The euro zone remains mired in recession, even as other parts of the world experience at least modest growth.

A roundup of economic news from around the Web.

The National Federal of Independent Business reported Tuesday that conditions improved for its members in April, but the organization called it another disappointing month for small businesses.

U.S. firms continued to keep inventories in check in March, suggesting that business remained uncertain about the strength of the economic recovery.