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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.
Investors undaunted by a surprisingly weak jobs report found enough positive news to nudge stocks higher Friday.
The safe-haven dollar got an immediate boost Friday after the government said the U.S. unemployment rate rose above 10 percent, but then gave back its gains in choppy trading as investors figured that a weak economy meant the Federal Reserve would keep interest rates at their current near-zero range for a long time.
A look at the evolution of the Federal Reserve's statements on the economy from its three most recent meetings:
Investors added to the week's strong gains in the stock market after finding some positives in a surprisingly weak jobs report. Stock indexes posted a modest advance in light trading Friday after the Labor Department said the nation's unemployment rate topped 10 percent in October for the first time since 1983, but also that the pace of job losses slowed. The rise in joblessness, while not welcome news for the economy, reassured some investors that the Federal Reserve will have to hold interest rates low for some time.
Treasury prices mostly rose Friday after the government said the nation's unemployment rate climbed to a 26-year-high of 10.2 percent last month.
The government's "pay czar" expects compensation plans for additional employees at the seven companies getting the biggest bailouts to be in place by year's end, while the Federal Reserve will soon start its own work on banks' pay practices.
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.
A late-day slump left stocks mixed Wednesday as investors couldn't hold on to their optimism after the Federal Reserve gave an encouraging assessment of the economy. A House vote to speed up the effective date of limits on credit card companies took bank stocks sharply lower in the last hour of trading.
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.
Crude prices bounced above $80 per barrel once again on Wednesday, a level that even OPEC leaders have said is too high given the fragile state of the global economy.
Asian markets advanced Friday on the back of Wall Street's rally after upbeat economic figures revived confidence about the state of the U.S. economy.
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 dollar declined ahead of an expected announcement from the Federal Reserve this afternoon that interest rates are likely to remain near zero.
The House Financial Services Committee has voted to give federal regulators more power and money to police major players in the stock market.
The Florida Democrat who said Republicans want sick people to "die quickly" is apologizing again for his inflammatory rhetoric, this time for insulting a senior Federal Reserve adviser using a derogatory term for women.
It's the boldest idea yet to rein in Wall Street recklessness: Put the Federal Reserve in charge of policing not just the nation's banks, but also how much their employees are paid.
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.
Highlights from the Federal Reserve's survey of economic conditions nationwide. The survey, released Wednesday and known as the Beige Book, is based on information collected from the Fed's 12 regional bank districts.
The Obama administration's financial overhaul must prevent banks from getting so large that the government would rather bail them out than see them fail, a Federal Reserve official says.
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.
The Midwest is starting to see a comeback in manufacturing and technology. Home sales are rising in parts of the Northeast. But states like Florida, Nevada and California, still suffering from the housing bust, remain depressed.
How the Dollar is Being Systematically Devalued since the 1980s.Yes. The Federal Reserve and the Government are devaluing our money ON PURPOSE. Why, you ask?
By Thomas E. Brewton Since the advent of the Federal Reserve System in 1913, monetary authorities have repeatedly upped the narcotic dosage as a remedy for the pains of easy money and credit addiction.
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.
Oops, Federal Reserve Cannot Account for $9 TrillionFederal Reserve Inspector General Elizabeth Coleman ... stated that the Fed is a little behind on its accounting practices.
Audit the Fed bill "gutted" by Rep. Mel WattRon Paul introduced H.R. 1207, which would have required a full audit of the Federal Reserve and its activities, which crosses international lines. According to Rep. Ron Paul, R-Texas, the House Financial Service Committee's panel on domestic monetary policy, Rep.
Money Supply Timebomb and Fiscal Nightmare Although most commentators haven't said much about it, I think Bernanke used the financial crisis to incredibly expand the power of the Federal Reserve, relative to traditional branches of government.
Rep. Mel Watts Guts the Fed Transparency Act"Oct. 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."
Legislation To Provide Bailouts In Secret for Selected Big Banks and Financial Institutions: TARP on SteroidsBig banks will not be forced to downsize and the public will be the last to know when they fail, a controversial bill unveiled by U.S. Treasury Secretary Timothy Geithner and Congressman Barney Frank proposes.
Grayson Called Bernanke Aide ʻWhore'Rep. Alan Grayson (D-Fla.) called an aide to Federal Reserve Chairman Ben Bernanke a "K Street whore" during a radio interview last month, according to audio posted on YouTube.
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.
Clock Ticking on US Debt CeilingI think this is an important article for all of us to read, regardless of our political leanings... Quoting: "This week Uncle Sam plans to sell $123 billion worth of Treasurys. That will bring the country's debt level very close to the $12.1 trillion debt ceiling."
President Obama declared a "National Emergency" today, October 24, 2009, because of the Swine Flu, but can that declaration lead to the U.S.
The Chinese Disconnect - Paul Krugman New York Times Op-Ed ColumnistSenior monetary officials usually talk in code. So when Ben Bernanke, the Federal Reserve chairman, spoke recently about Asia, international imbalances and the financial crisis, he didn't specifically criticize China's outrageous currency policy.
Financial Giants, Insurers May Face Major Changes: FrankFederal Reserve Chairman Ben Bernanke Friday highlighted the need for this authority as well as other measures to reduce the likelihood that one firm could destabilize the financial system.
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.
Fall of the RepublicNewest movie released on the 22nd ... please take time out of your day to watch it in its entirety, then debate. This country has to much to lose to continue to keep our eyes closed, and to continue bickery based on political party affiliations.
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.
Hey, LindseyEver since our presidential campaign ignited a prairie fire of freedom, especially among young people, I see our progress everywhere. The bureaucrats are right, for example, to be worried at the Federal Reserve.
Fed "Beige Book" Shows Only Modest Improvement in Overall Economy - Commercial Real Estate Continues to TankReports from the 12 Federal Reserve Districts indicated either stabilization or modest improvements in many sectors since the last report, albeit often from depressed levels.
As unemployment and poverty rise Obama turns to the financial elite for campaign cashThis article provides a transparent picture of how Wall Street and politicians honeymoon while WE THE PEOPLE foot the bill and have gotten nothing for our investment in them from the newly printed trillions that sooner or later will hyper-inflat the economy in my opinion.
Government's Money Monopoly IIAs Americans have experienced ever deepening economic difficulties—-among them unavailable mortgage money, soaring interest rates, double digit inflation, crushing tax burdens—many have been starting to discern a connection between federal monetary power and their personal fi …
The Very Busy Politicians in Washington DCWith a faltering economy, multiple wars, and the approaching demise of the dollar's reserve status, there are more than enough problems to keep politicians in Washington working day and night.
We join President Elect Barack Obama and Chairman Ben Bernanke in Bernanke's office. Over drinks the two men discuss economic strategy for the new president's administration. Weighing heavily on the mind of the president-elect is the condition of the economy.
Government's Money MonopolyAs the Four Horsemen of America's financial apocalypse—Obama, Reid, Pelosi, Bernacke—and their aider and abettor foot soldiers in the Democrat Congress shovel money into failing enterprises and pet organizations, run colossal deficits, borrow from Chang to pay Pedro, debase …
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