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A group of House Democrats are stepping up demands for greater transparency from the Federal Reserve after reports that the Fed mishandled the bailout of insurance giant American International Group Inc. Complete Story...
Banks borrowed slightly less from the Federal Reserve's emergency lending program over the past week, but increased their use of other credit programs designed to ease the financial crisis.
The House Financial Services Committee has voted to pull the curtain on the normally secretive Federal Reserve by subjecting the nation's central bank to a sweeping congressional audit.
The Federal Reserve said Tuesday that it will reduce the length of loans banks can draw from its emergency lending program "in light of the continued improvement in financial conditions."
The Federal Reserve on Monday proposed new rules to protect consumers from unexpected costs or restrictions on gift cards.
The president and CEO of the Federal Reserve Bank of New York said Friday that the financial world can learn from the economic crunch of the past two years and become stronger.
Banks borrowed slightly less from the Federal Reserve's emergency lending program over the past week, and reduced their use of other credit programs designed to ease the financial crisis.
Finally, the Federal Reserve has decided to tackle those annoying and in some cases unfair overdraft fees. But consumer groups say the Fed's action is not enough and say Congress still needs to act.
Banks will have to secure their customers' consent before charging large overdraft fees on ATM and debit card transactions, according to a new rule announced Thursday by the Federal Reserve.
Federal Reserve Bank of Dallas president Richard Fisher says Texas' economy is hurting, but not as much as other states.
Unemployment likely will remain high for the next several years because the economic recovery won't be strong enough to spur robust hiring, Federal Reserve officials warned Tuesday.
Banks expect to tighten terms on credit cards in response to a new law that aims to protect consumers from sudden rate hikes, the Federal Reserve said Monday.
Banks borrowed slightly less from the Federal Reserve's emergency lending program over the past week, and reduced their use of other credit programs designed to ease the financial crisis.
A look at the evolution of the Federal Reserve's statements on the economy from its three most recent meetings:
The Federal Reserve pledged Wednesday to keep a key interest rate at a record low for an "extended period," signaling that the weak economy remains dependent on government help to grow.
The nation's biggest banks face a February deadline for submitting employee compensation plans to the Federal Reserve, according to people with knowledge of the process.
Banks borrowed slightly more from the Federal Reserve's emergency lending program over the past week, while reducing their use of other credit programs designed to ease the financial crisis.
The Federal Reserve would police banks' pay policies to ensure they don't encourage employees to take reckless gambles like those that contributed to the financial crisis, according to a proposal unveiled Thursday.
The Federal Reserve on Tuesday named Patrick Parkinson its top banking regulator.
Banks cut back on loans from the Federal Reserve's emergency lending program over the past week, a sign some credit problems are easing as the economy recovers.
Amid uncertainties about strength of the budding recovery, Federal Reserve policymakers last month were conflicted over whether to expand or cut back a program intended to drive down mortgage rates and prop up the housing market, according to a document released Wednesday.
Banks reduced their borrowing from the Federal Reserve's emergency lending facility over the past week, and cut back their use of other programs designed to ease the financial crisis.
The Federal Reserve may expand the field of credit ratings agencies that determine the eligibility of securities pledged for loans in a government program aimed at sparking more consumer and business lending.
Banks reduced their borrowing from the Federal Reserve's emergency lending facility over the past week, and cut back their use of other programs designed to ease the financial crisis.
FED Banks May have salted the United States Fort Knox American gold Reserve with Millions of FAKE gold Bars.In October, the Hong Kong bankers discovered some gold bars shipped from the United States were actually tungsten with gold plating. This is the exact same Modus Operandi as the silver clad zinc dimes from 45 years ago.
As I write this the country is trying to figure out exactly what our new President is doing.
Wall Street Journal says, The FED is transparent! You Know like Sanskrit!Under the banner of increasing Federal Reserve transparency, Congressman Ron Paul has sponsored a bill that would subject the Fed's monetary policies to an audit by the Government Accountability Office (GAO). The bill is a veiled attempt to undermine the Fed's independence.
Wall Street Journal comes to the Feds Rescue only to discover the Attackers are the Congress..OOps!The Fed in the past has resisted calls to release information, only to relent. In the 1990s, for instance, after pressure from Congress, the Fed began releasing transcripts of its interest-rate deliberations after a five year lag.
Responding to Turbulence - Richard Fisher Speeches, FRB DallasIn this piece Richard Fisher of the Dallas Federal Reserve Bank says "Two weeks ago, I was blessed with the birth of a grandchild. Her name is Anna.
Fed Rules Would Restrict Overdraft Fees on Debit Cards"The final overdraft rules represent an important step forward in consumer protection," the Federal Reserve Chairman Ben S. Bernanke said. "Both new and existing account holders will be able to make informed decisions about whether to sign up for an overdraft service."
Barrick shuts hedge book as world gold supply runs out - TelegraphThis is a double "oh-@!$%#" moment. We should see Gold shoot up and our dollars drop to nothing.
The Worst is Yet to ComeWhat is more likely happening is a repeat of the Great Depression. We might have up to a year or so of an economy growing just slightly above stagnation, followed by a drop in growth worse than anything we have seen in the past two years.
Audit Fed 'gutted' in committee"The Federal Reserve can enter into agreements with foreign central banks and foreign governments, and the GAO is prohibited from auditing or even seeing these agreements.
Federal Reserve Policy Audit Legislation "Gutted" Paul Says - Bloomberg.comOct. 30 (Bloomberg) -- Representative Ron Paul, the Texas Republican who has called for an end to the Federal Reserve, said legislation he introduced to audit monetary policy has been "gutted" while moving toward a possible vote in the Democratic-controlled House.
Health Care Reform The health care debate is still in full force, and while there is strong support and opposition to the reform being proposed in Washington, we can all agree that health care costs are a burden on a large portion of American families.
Anything Less Than Full Disclosure by the Federal Reserve is Unacceptable - Texas Straight Talk"Last week a new bill was introduced in the Senate to audit the Federal Reserve.
The new face on the million dollar billAnd the winner is: A little mirror that allows U.S. consumers to see their own reflection. These consumers, who in most cases are also voters, bear responsibility for the politicians and policy makers who got the dollar, and the country, into its current mess.
Biggest banks face more rules, Fed's Bernanke says - MarketWatch"With the financial turmoil abating, now is the time for policymakers to take action to reduce the probability and severity of any future crisis," Bernanke said at a Cape Cod conference put on the Federal Reserve Bank of Boston. Reuters Fed chairman Ben Bernanke.
Federal Reserve Accountability Act An Unacceptable Compromise - Yahoo! FinanceSenators Jeff Merkley (D-OR) and Bob Corker (R-TN) introduced the Federal Reserve Accountability Act, an attempted compromise on the issue of transparency for America's secretive central bank.
REUTERS: Fed Playing Politics on Executive Compensation?Reuters takes a look at the Federal Reserve's roll in imposing limits on the compensation levels of executives and explores the role of political pressure played in their recent decision to begin regulating some compensation.
I was warching C-SPAN this morning when they brought Larry Klayman on as a guest. He was promoting his new book, "WHORES: Why and How I Came to Fight the Establishment"
Exit strategy? U.S. still has big problem to solveU.S. officials must figure out what to do about an economy that is growing yet not generating enough jobs before they can shift their focus to dismantling their multi-trillion-dollar rescue programs. Two deadlines are looming.
BRIC to call the shots in post-crisis world - RT Top Stories"Countries like Russia and China and Brazil are trying to divorce themselves from the US, because it's a completely toxic currency that's just right for fraud.
America's Teacher:A conversation with Michael Moore about "Capitalism:A Love StoryNaomi Kein: Well, I want to push you a little bit on this, because I understand what you're saying about the way he's (Obama) lived his life and certainly the character he appears to have.
A Bigger Bank Bust Is On The WayThis weekend is the one-year anniversary of the bailout. But the Daily Beast's Nomi Prins says the too-big-to-fail banks have only gotten bigger—and much worse could be on its way.
3 more bank failures bring 2009 total to 98 Three more banks were closed by regulators Friday, bringing the number of U.S. bank failures this year to 98 thanks to the lingering credit crunch.
Mission Not Accomplished - Paul Krugman New York Times Op-Ed ColumnistStocks are up. Ben Bernanke says that the recession is over. And I sense a growing willingness among movers and shakers to declare "Mission Accomplished" when it comes to fighting the slump.
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