Federal Reserve System

As Planet Money's Daniel Costello reports this morning, "Rep. Ron Paul, the Texas Republican and lifelong critic of the Federal Reserve, scored a big win Thursday on Capitol Hill by getting a House panel to pass a bill requiring new reviews...

In this article: The Fed, Ron Paul, Balance sheet, Inflation, Neutering, USA Today, Government Accountability Office, and William Greider

...jets or lunching on caviar. Furthermore, the GAO is already authorized to examine most aspects of Fed operations. It can audit the Fed's special financial arrangements for Bear Stearns, AIG, Citigroup and Bank of America -- to name the...

In this article: The Fed, Government Accountability Office, Ron Paul, Ben Bernanke, House Financial Services Committee, Progressive Era, Unemployment, and Inflation

...has been shielded from scrutiny. The proposed audit would not include a review of the Fed's monetary policy deliberations. Antipathy toward the Fed's closed-door activities has grown after it used its emergency powers during last year's...

In this article: The Fed, Government Accountability Office, House Financial Services Committee, and Washington

New Business November 19, 2009, 5:00PM EST Is the Fed Creating New Bubbles? Its easy-money policy has Asia worried. But Bernanke says fears of a speculative surge are overblown America's super-easy monetary policy has drawn a blast of...

In this article: The Fed, Ben S. Bernanke, Inflation, Alan Greenspan, Barack Obama, U.S., Hong Kong, Futures contract, Capital Economics, and Copper

...would "scare off capital" and ultimately increase interest rates. "Are we going to so substantially castrate the Fed so that it cannot do what it is set up to do, which is to make independent monetary-policy decisions without everybody...

In this article: The Fed, Melvin Watt, Ron Paul, All rights reserved, Balance sheet, Dow Jones & Company, Inc., Government Accountability Office, Barney Frank, and Texas

Read More: Alan Grayson, Audit The Fed, Audit The Fed Letter, Fed Secret Bailouts, Financial Regulation, House Financial Services Committee, Morning Meeting Dylan Ratigan, Naomi Klein, Paul Grayson Bill, Ron Paul, Ryan Grim, Ryan Grim...

In this article: The Fed, Naomi Klein, House Financial Services Committee, Ron Paul, Derivative, Securities and Exchange Commission, and Msnbc

...committee members to shoot down an amendment by Rep. Mel Watt (D-N.C.) that would essentially allow the Fed to keep the lights off while it throws money around. Watt's amendment, which could see a House vote today, is a direct attack...

In this article: The Fed, Mel Watt, Aig, House Financial Services Committee, Dean Baker, and Ron Paul

Text Alerts: Get coupons and special deals sent to your cell phone. Sign up here. Federal Reserve wants changes to fees, expiration dates. WASHINGTON - The Federal Reserve is proposing new rules for the $50 billion gift-card industry,...

In this article: Federal Reserve, Charles Schumer, Consumers Union, Consumer Federation of America, and Washington

...at least a year, if the consumer is given clear disclosures about them and no more than one fee is charged a month, the Fed said. The Fed was directed to take the action under a law Congress passed in May. "Consumers who do not use the...

In this article: The Fed, Charles Schumer, and Washington

...Congress is the right to second-guess. That ritual is playing itself out with a vengeance as the solons of Capitol Hill attack the Federal Reserve for its role in last year's financial crisis. The Fed made its share of mistakes in creating...

In this article: The Fed, Chris Dodd, Ben Bernanke, AIG, Unemployment, Inflation, Financial crisis, and David Smick