Amid the economic downturn, Federal Reserve becomes favorite punching bag
Denver Post - 23 minutes agoSuddenly the Federal Reserve is everybody's punching bag. Strip the Fed of its bank regulation powers, some in Congress are demanding.
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Suddenly the Federal Reserve is everybody's punching bag. Strip the Fed of its bank regulation powers, some in Congress are demanding.
Suddenly the Federal Reserve is everybody's punching bag.
A senior Federal Reserve official said on Sunday the central bank should keep alive its mortgage-related assets purchase program beyond a planned end-date to give policy-makers more flexibility as they help the economy recover from a painful recession.
The Federal Reserve should keep alive its asset purchase programs beyond the first quarter of 2010 to give policy-makers more flexibility if the economy took another turn for the worse, a senior Fed official said on Sunday.
A senior Federal Reserve official said on Sunday the central bank should keep alive a mortgage-backed securities buying program beyond a planned end-date to give policy-makers more flexibility as they help the economy recover from a painful recession.
The dollar's appreciation at the height of the financial crisis shows that markets still view the dollar as a safe haven and the world's main reserve currency, a senior Federal Reserve official said on Sunday.
About 25 people turned out on Sunday afternoon in a protest outside the Federal Reserve Bank.
The independence of the Federal Reserve is essential for credible monetary policy and doubts about the U.S. central bank's ability to do its job without political interference could hurt the nascent economic recovery, a senior Federal Reserve official said on Sunday.
Nov. 23 (Bloomberg) -- The dollar fell for the first time in three days against the euro on speculation the Federal Reserve will keep its stimulus measures in place and ensure interest rates remain low.
Nov. 23 (Bloomberg) -- Federal Reserve Bank of St. Louis President James Bullard said the central bank should retain the flexibility to respond to any weakening in the economy by extending beyond March its authority to buy mortgage-backed securities and agency bonds.
The ultralow interest rates the U.S. has been paying on its colossal debt may not last much longer as the government faces payment shock down the road.
A group of U.S. business economists boosted their forecast for economic growth over the next year, but said the jobless rate will remain stubbornly high, a survey released on Monday showed.
A ray of sunlight broke through the Washington fog last week when Neil M. Barofsky (pictured), special inspector general for the Troubled Asset Relief Program, published his office’s report on the government bailout last year of the American International Group , The New York Times’s Gretchen Morgenson writes in her latest Fair Game column.
A week's worth of economic headlines will be crammed into three days in the run-up to the Thanksgiving holiday.
Nov. 23 (Bloomberg) -- For the first time in seven decades, Treasury bills are paying no interest while stocks continue to appreciate -- a divergence in U.S. financial markets that might be perilous if Federal Reserve Chairman Ben S. Bernanke didn’t know all about 1938.
Defending himself against critics, Representative Ron Paul of Texas played down continuing concerns on Friday that his amendment to give Congress sweeping new oversight powers over the Federal Reserve would compromise the central bank’s political independence.