Nov. 22 (Bloomberg) -- The Federal Reserve must retain itsindependence in setting monetary policy to contain the threat ofinflation and avoid impeding the economic recovery, FederalReserve Bank of St. Louis President James Bullard said.
“Fed independence is vital in maintaining the ...Read More
Federal Reserve Bank of St. Louis President James Bullard wants the Fed to continue to buy mortgage-backed securities beyond the March 2010 cutoff to give policy makers more flexibility as they seek to shepherd the economy toward recovery. "I have advocated ...Read More
'We won't have a real market-based financial system until it is safe to let a financial firm fail," Federal Reserve Chairman Ben Bernanke said last week. He's certainly right, though you wouldn't know it from Mr. Bernanke's own actions the ...Read More
Nov. 21 (Bloomberg) -- The dollar rose against most of itsmajor counterparts and posted its first weekly gain versus theeuro in November as investors sold shares and bought short-termTreasuries to guard against losses before year-end. The yen gained versus the euro ...Read More
WASHINGTON -- The Federal Reserve's strategy to fend off a barrage of attacks from Congress, largely centered on low-key diplomacy by Chairman Ben Bernanke, isn't succeeding so far.
Many Democrats and Republicans praise Mr. Bernanke for candor and accessibility. But some ...Read More
Federal Reserve Chairman Ben Bernanke's nomination to a second term will be the subject of a Senate Banking Committee hearing next month, the panel's chairman said Friday. President Barack Obama nominated Bernanke to another four-year term in August. The nomination requires ...Read More
In an unprecedented defeat for the Federal Reserve, an amendment to audit the multi-trillion dollar institution was approved by the House Finance Committee with an overwhelming and bipartisan 43-26 vote on Thursday afternoon despite harried last-minute lobbying from top Fed ...Read More
Nov. 20 (Bloomberg) -- California, Delaware, South Carolinaand Florida registered record rates of unemployment in Octoberas weakness in the labor market stretches from coast to coastand limits the economic recovery.
Joblessness rose in 29 U.S. states last month compared with22 in ...Read More
Will we ever know why AIG was bailed out and why its credit default swap counterparties were made whole?
When AIG first began to ask for a bridge loan from the Federal Reserve, the public was told that AIG wanted additional ...Read More
* Geithner pushes for single regulator for largest firms * Regulatory reform bills work through House, Senate * Senator Shelby wants 'complete rewrite' of Senate bill * Schumer, Graham push for investigation on China's yuan (Adds Schumer, Graham seeking probe on China's currency) WASHINGTON, ...Read More
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