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Patrice Hill

Patrice Hill

Patrice Hill has been chief economics correspondent at The Washington Times since 1994. She previously was a Washington correspondent for the Daily Bond Buyer and worked for Securities Week and Inside E.P.A. She started her career writing a consumer action column carried by the Riverside Press-Enterprise, Baltimore Sun, Chicago Tribune and other newspapers.

Her feature stories showing how the average guy is affected by significant economic trends have earned more than a dozen awards from the Maryland-D.C. Press Association, the Chesapeake-AP Press Association, the Virginia Press Association and the Society for Professional Journalists. She is a graduate of Oberlin College.

She can be reached at

Articles by Patrice Hill

Federal Reserve Chair Janet Yellen speaks during her first news conference at the Federal Reserve in Washington, Wednesday, March 19, 2014. The Federal Reserve is seeking to clarify when it might start to raise short-term interest rates from record lows. The Fed also says it will cut its monthly long-term bond purchases by another $10 billion to $55 billion because it thinks the economy is strong enough to support further improvements in the job market.  (AP Photo/Susan Walsh)

Yellen's Fed votes for 'modest' easing of stimulus

The Federal Reserve Wednesday said it will continue easing its stimulus program for the economy, cutting its purchases of U.S. Treasury and mortgage bonds by another $10 billion a month. Published March 19, 2014

The trial in New York of lawyer Steven Donziger, who brought natives of the Ecuadorean Amazon to court with him in 1999, reaches a climax this week as he defends himself against charges that he engineered a record-breaking $19 billion judgment against Chevron Corp. for contamination of the Amazon rain forest. Ecuador had originally opposed the class-action suit, filed in 1993 on behalf of indigenous Indians and others. (Associated Press)

Chevron scores court win in $9B Ecuador rainforest case

The U.S. District Court in Manhattan on Tuesday handed Chevron Corp. a major victory in its decades-long battle over pollution in the Amazon rain forest, declaring an Ecuadorean court ruling unenforceable in the U.S. Published March 4, 2014

Pro-Russian troops control a ferry terminal on the easternmost tip of Ukraine's Crimea region just 12 miles from Russia, intensifying fears that Moscow will send even more troops into the strategic Black Sea region. (Associated Press)

Moscow shakes up the financial world

Global markets swooned Monday as Russian soldiers secured control over Ukraine's Crimean peninsula, while the threat of trade sanctions against Moscow from the West over the crisis sent oil prices soaring and the ruble plummeting. Published March 3, 2014

Pumped up: Salym Petroleum Development workers soon could be drilling for shale, or tight, oil. A venture between Gazprom Neft and Shell have announced plans to drill the first horizontal appraisal well in Russia. (Associated Press)

Siberian shale find fuels Russia's fracking future

Russia is showing the world that it does things in a big way at the Sochi Olympics. Now, at the opposite end of the vast country, Russia is aiming to be the next big player in the global shale oil revolution. Published February 18, 2014

Sears new In-Vehicle Pickup feature on its Shop Your Way mobile app allows Shop Your Way members to pick up their online purchases at their local Sears store within five minutes of arrival, without ever leaving the car. (PRNewsFoto/Sears, Roebuck and Co.)

Bad weather slams retail sales

Extremely cold and snowy weather inhibited America’s shoppers last month, causing a 0.4 percent drop in retail sales, and the Christmas selling season was poorer than previously reported, the Census Bureau reported on Thursday. Published February 13, 2014

Comcast Corp. announced Feb. 13 that it is buying Time Warner Cable Inc. for $45.2 billion in stock. The deal combines two of the nation's top pay-TV and Internet service companies and makes Comcast, which also owns NBC Universal, a dominant force in creating and delivering entertainment to American homes. (Associated Press)

Comcast acquisition deal for Time Warner primed to transform the cable box

Comcast Corp.'s blockbuster $45.2 billion deal to acquire top rival Time Warner Cable will further transform the cable landscape, creating the first national cable network and presenting new challenges for rivals, regulators and viewers from Los Angeles to New York City. Published February 13, 2014

Federal Reserve Chair Janet Yellen testifies on Capitol Hill in Washington, Tuesday, Feb. 11, 2014, before the House Financial Services Committee hearing. Yellen said Tuesday that if the economy keeps improving, the Fed will take "further measured steps" to reduce the support it's providing through monthly bond purchases.  (AP Photo/Cliff Owen)

Markets rally on Yellen's pledge to end easy-money policies

Janet Yellen, in her first appearance before Congress as the new chair of the Federal Reserve, sparked a major rally in global financial markets Tuesday by pledging to stick with her predecessor Ben S. Bernanke’s plan to gradually end the easy-money policies put in place during the recession. Published February 11, 2014

FILE - This Jan. 28, 2014 file photo shows House John Boehner of Ohio, accompanied by House Majority Leader Eric Cantor of Va. speaking at Republican National Committee headquarters in Washington. House Republican leaders challenged President Barack Obama on Thursday to override the opposition of the Senate's top Democrat and help pass trade legislation the administration favors. "The president ought to stand up and lead on this issue," House Speaker John Boehner of Ohio said at a news conference at a three-day retreat for members of the party's rank-and-file. (AP Photo/J. Scott Applewhite, File)

Moody's not worried about U.S. defaulting on debt

Moody's Investors Service, one of Wall Street's three top credit raters, said Wednesday that it expects the U.S. Treasury to keep paying its debts on time even though it will run out of borrowing authority on Friday. Published February 5, 2014

** FILE ** Former Treasury Secretary Henry Paulson testifies on Capitol Hill in Washington, Thursday, May 6, 2010, before the Financial Inquiry Crisis Commission.(AP Photo/Pablo Martinez Monsivais)

Henry Paulson, 'Mr. Bailout,' fears a new finance crisis is brewing

Henry M. Paulson Jr., the financial firefighter stationed at the epicenter of the biggest financial crisis since the Great Depression, worries that the nation is headed for another crisis because political leaders failed to learn critical lessons from the last one from 2008. Published February 4, 2014

** FILE ** Katie Stroh, left, and Gretchen Burkhardt look at catalogs while waiting outside a Kmart store on Thursday, Nov. 28, 2013, in Anaheim, Calif. Instead of waiting for Black Friday, which is typically the year's biggest shopping day, more than a dozen major retailers opened on Thanksgiving day this year. (AP Photo/Jae C. Hong)

Economic growth in 2nd half of 2013 fastest in a decade

The economy in the second half of 2013 grew by the fastest rate in a decade, despite the depressing effect of a prolonged government shutdown and deep federal budget cuts, the Commerce Department reported Thursday. Published January 30, 2014

Specialist Paul Cosentino works at his post on the floor of the New York Stock Exchange Wednesday, Jan. 29, 2014. The U.S. stock market stumbled briefly after the Federal Reserve decided to further reduce its economic stimulus. (AP Photo/Richard Drew)

Markets reel as Federal Reserve cuts back stimulus

The Federal Reserve on Wednesday shook global markets, cutting back once again on its economic stimulus program and signaling that a recent softening of job gains and turmoil in emerging markets will not deter it from ending its extraordinary easing measures this year. Published January 29, 2014

Oil Boom: An oil train derailment in Casselton, N.D., erupted into a fireball last month, just one of several recent scares and disasters in populated areas along North American rails. Transportation and political leaders are increasingly looking at pipelines as a safer alternative. (Associated Press)

Spike in deadly rail accidents fuel push to build Keystone XL pipeline

A string of deadly accidents and safety scares in recent months involving rail cars carrying crude oil is vividly demonstrating the dangers of relying on trains to transport the growing volumes of fuel being produced in North America, while giving ammunition to those who say the stalled Keystone XL and other pipelines are preferred ways to safely funnel fuel to market. Published January 26, 2014

Trader Peter Tuchman works on the floor of the New York Stock Exchange Friday, Jan. 24, 2014.  (AP Photo/Jason DeCrow)

Global market rout hits Wall Street

A meltdown in emerging markets took a toll on the U.S. stock market Friday, sending the Dow Jones Industrial Average plummeting by over 300 points. Published January 24, 2014

** FILE ** Treasury Secretary Jack Lew testifies on Capitol Hill in Washington, Tuesday, April 16, 2013, before the House Budget Committee hearing on President Obama's fiscal 2014 federal budget.  (AP Photo/Molly Riley)

Congress inaction could cost U.S. clout at IMF

Though many legislators may not realize it, Congress failed to include in the massive spending deal approved last week funds to implement reforms sought for years by both Democratic and Republican presidents that would give China, India, Brazil and other large emerging nations a greater say in activities of the International Monetary Fund. Published January 20, 2014

** FILE ** In this Aug. 26, 2011, photo, a sign notifies customers that EBT (or Electronic Benefit Transfer) cards can be used at a store in Sioux Falls, S.D. (AP Photo/The Argus Leader, Jay Pickthorn)

Government benefits cushion middle class, poor from income blows

Various measures of the income gap between the rich and everyone else show that inequality soared to record highs after the Great Recession. But what those measures do not reveal how a battery of government benefits ranging from unemployment aid and middle-class tax cuts to Medicaid and food stamps substantially cushioned the economic blow on the middle class and poor. Published January 13, 2014

Top 1 percent reaps 90 percent of income gains since Obama took office

President Obama, who vowed to conquer Wall Street and revive opportunity for everyday Americans on Main Street, has this to show: Wall Street is home once again to the biggest concentration of billionaires on earth, while wages for the middle class have barely kept up with inflation. Published January 13, 2014