Federal Reserve System
Government Agency
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Treasurys mostly decline after inflation data...the economy. Recent data have encouraged investors that inflation remains at bay, however, and Federal Reserve chairman Ben Bernanke on Monday reassured markets that inflation won't surface in the near future. In other trading, the... In this article: Inflation, British Bankers' Association, Thomson Reuters, Labor Department, Ben Bernanke, Federal Reserve, and NEW YORK |
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washingtonpost.com | 4 days ago
BofA knew of Merrill pain in November: House panel
...bought FleetBoston in 2004. The House panel has already questioned and faulted Lewis, Federal Reserve Chairman Ben Bernanke and former Treasury Secretary Henry Paulson for how they handled the Merrill deal. Reporting by Rachelle Younglai...
In this article: Bank of America Corp, FleetBoston Financial Corp, Ben Bernanke, Federal Reserve, and Merrill Lynch & Co
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CNN | 3 days ago
Oil rises on lower supply
...data. The U.S. currency had rallied following rare comments on the dollar by U.S. Federal Reserve Chairman Ben Bernanke, comments later echoed by other Fed officials and European Central Bank President Jean-Claude Trichet. The dollar...
In this article: United States, Recession, Inflation, American Petroleum Institute, Commerzbank, Jean-Claude Trichet, International Energy Agency, Energy Information Administration, and Ben Bernanke
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washingtonpost.com | 5 days ago
Stocks jump as retail sales rebound in October
...to a new record and pumping up prices of other commodities. The gains come as investors await an afternoon speech by Federal Reserve Chairman Ben Bernanke on the economy. At midday, the Dow Jones industrial average is up 135 at 10,406.
In this article: Nasdaq composite index, Dow Jones Industrial Average, Ben Bernanke, Federal Reserve, and NEW YORK
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Reuters | 1 day ago
Senate sets hearing on Bernanke's renomination
...tenure for overseeing the longest-ever U.S. economic expansion. Bernanke was initially tapped to serve as a member of the Fed's board by then-President George W. Bush in 2002. He later served Bush as an economic adviser before he returned to...
In this article: Ben Bernanke, The Fed, Christopher Dodd, Financial crisis, Thomson Reuters, Washington, Economics, and Recession
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washingtonpost.com | 5 days ago
Treasurys rally after Bernanke signals low rates
...after Bernanke signals low rates NEW YORK -- Investors pushed Treasury yields lower Monday after Federal Reserve Chairman Ben Bernanke renewed his pledge to keep interest rates low for the time being. In late trading, the yield on the...
In this article: Ben Bernanke, The Fed, Barclays Capital, British Bankers' Association, and NEW YORK
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Forbes.com News | 1 day ago
When In Doubt, Blame Bernanke
...especially emerging-market economies." Does Liu have a point? Of course. Federal Reserve Chief Ben Bernanke has adopted an essentially 0% interest-rate policy. The current target range for the Fed Funds rate, for instance, is 0 to .25%.
In this article: Beijing, Ben Bernanke, China, Federal Reserve, Washington, Barack Obama, Plaza Accord, and United States
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washingtonpost.com | November 12, 2009
Warren Buffett: The financial panic is over
"More sticks are called for," he said. Buffett gave Federal Reserve Chairman Ben Bernanke and U.S. Treasury Secretary Timothy Geithner "high marks" for how they managed the financial crisis. Buffett has praised Bernanke in the past but...
In this article: Warren Buffett, United States, Timothy Geithner, Ben Bernanke, Financial crisis, Burlington Northern Santa Fe Corp, Columbia University, Federal Reserve, and Berkshire Hathaway Inc
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Description from Wikipedia:
The Federal Reserve System (also known as the Federal Reserve, and informally as the Fed) is the central banking system of the United States. It was created in 1913 by the enactment of the Federal Reserve Act, largely as a response to a series of financial panics or bank runs, particularly a severe panic in 1907. Over time, the roles and responsibilities of the Federal Reserve System have expanded and its structure has evolved. Events such as the Great Depression were some of the major factors leading to changes in the system. Its duties today, according to official Federal Reserve documentation, fall into four general areas:
# Conducting the nation's monetary policy by influencing monetary and credit conditions in the economy in pursuit of maximum employment, stable prices, and moderate long-term interest rates
# Supervising and regulating banking institutions to ensure the safety and soundness of the nation's banking and financial system, and protect the credit rights of consumers
# Maintaining stability of the financial system and containing systemic risk that may arise in financial markets
# Providing financial services to depository institutions, the U.S. government, and foreign official institutions, including playing a major role in operating the nation's payments system
Federal Reserve System is subject to the Administrative Procedure Act. It is not "owned" by anyone and is "not a private, profit-making institution". It describes itself as "an independent entity within the government, having both public purposes and private aspects". In particular, neither the Federal Reserve System nor its component banks are owned by the US Federal Government.
According to the Federal Reserve, there are presently five different parts of the Federal Reserve System:
- Headquarters:
- Washington, D.C.
- Head:
- Ben Bernanke
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