The last time the Federal Reserve raised interest rates, it was summer of 2006 — back when Shakira was topping the music charts, Barry Bonds was breaking home run records and the housing bubble was still inflating.

That's quite a while ago.

In fact, the Fed has been depressing interest rates for so long that, in their adult lifetimes, millennials have never seen anything other than cheap loans for homes and cars.

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Governor Steve Beshear and his wife, Jane, will head to England this week. Beshear says the United Kingdom sends the most overseas travelers to the Commonwealth.

”This is not about economic development in terms of bringing new companies to Kentucky. But, it is economic development in terms of bringing tourists to Kentucky because as more folks come, they spend their money right here in Kentucky,” said Beshear. 

Each December, economists make predictions. And each new year, they get hit by unexpected events that make them look more clueless than prescient.

This year's bolt out of the blue was the plunge in oil's price, which no one saw coming.

Still, top economists' forecasts did get a lot right for 2014. One year ago, most were predicting healthy growth, tame inflation, low interest rates, rising stock prices and declining unemployment — and that's just what we got.

Data Released From Comprehensive Survey of Kentucky's Horses

Jan 23, 2013

Kentucky is home to around 242,400 horses, according to new data released from a statewide survey. From June to October of last year, researchers with the National Agricultural Statistics Service counted equines across the state, ranging from thoroughbreds at large farms to ponies in people’s backyards.

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The federal stimulus package remains a debated item among policy analysts with varying political perspectives.  The subject came up during K-E-T’s Kentucky Tonight Monday.  Jason Bailey with the Kentucky Center for Economic Policy says without the recovery act, the nation would still be in full recession.  He admits there’s still room for economic growth.  “But the reason it’s not growing fast enough,” Bailey says, “is there’s not enough demand.  It’s not about business confidence, it’s about consumer demand.  And there’s not enough consumer demand because there are l too many Americans tha