Federal Reserve System

...that the Federal Reserve should have the power to monitor institutions that are too big to fail rather than breaking them up. Given the Fed's regulatory record leading into this crisis, why should we have any faith in that notion? You've...

In this article: Federal Reserve, Ben Bernanke, AIG, Balance sheet, Derivative, Unemployment, and Maxine Waters

...to historical experience." Recoveries after steep economic downturns are usually robust, the Fed said. In updated economic projections, the Fed said the economy's contraction for all of this year won't be as deep as it thought in a forecast...

In this article: The Fed, Unemployment, Inflation, Recession, Ben Bernanke, and Washington

At the end of its meetings, the Fed decided to keep interest rates at record lows. As expected, the Fed kept its target for its federal funds rate set at a range of zero to 0.25%. The votes for these policy actions were unanimous. Most...

In this article: The Fed, Inflation, Unemployment, Balance sheet, Federal Home Loan Banks, Freddie Mac, and Fannie Mae

...0.2 to 2.3 N/A June 1.2 to 2.0 0.5 to 2.0 0.2 to 2.5 N/A N/A Notes: N/A-not available The Fed issued its minutes one day in advance due to the federal Thanksgiving Day holiday on Nov. 26. June forecasts are from the Federal Open...

In this article: Unemployment, The Fed, Inflation, Thanksgiving Day, Washington, and U.S.

...Vice-Chairman Donald L. Kohn made it clear in separate appearances that asset markets are not the focus of Fed monetary policy. The next day in Hong Kong, Federal Reserve Bank of San Francisco President Janet L. Yellen said, according to her...

In this article: The Fed, Ben S. Bernanke, Alan Greenspan, Barack Obama, U.S., Hong Kong, Futures contract, Copper, and New York University

...after it froze up last September after the bankruptcy of the Lehman Brothers investment house, Fed backers say. "It might have been the Fed's finest moment when it had to jump into the market," said David M. Jones, a former Fed...

In this article: The Fed, Ben Bernanke, Timothy Geithner, American International Group, George W. Bush, Unemployment, Inflation, Financial crisis, and Bankruptcy

H.R. 1207 seems innocuous enough. The overall question it raises sounds fair: After all, why should the Fed be immune from audit? In fact, it is not. The Fed already gets its books examined regularly. Let me assure you, Chairman Bernanke is...

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

...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

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

...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