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Federal Reserve Chairman Ben Bernanke is speaking as though the Fed has controls over unemployment as well as price stability. That's a sure way to get Congress to exercise the authority by which it created the Fed and start overseeing it more closely.
They all laughed at Fulton and his steamboat, Hershey and his chocolate bar ...— George GershwinAnd at Rep. Ron Paul , the 2008 presidential candidate who had the zany idea that the Federal Reserve system could become a sizzling political issue. Ben Bernanke , chairman of the Fed, who does not laugh promiscuously, knows that it is no laughing matter that Paul has 317 co-sponsors for a bill to ...
WASHINGTON -(Dow Jones)- The net worth of Americans rose for the second consecutive time during the third quarter, the U.S. Federal Reserve said in a report Thursday, an important step towards restoring the spending power of U.S. consumers.
Ben Bernanke, chairman of the Federal Reserve, knows that it is no laughing matter that there are 317 co-sponsors for a bill to open the Fed's books to "audit" by the comptroller general.
U.S. households' net worth rose $2.7 trillion to $53.4 trillion in the third quarter for a second straight quarterly advance, Federal Reserve data showed on Thursday, which may boost consumers' confidence to spend.
Household net worth in the United States rose for the second quarter in a row, growing 5% to an estimated $53.4 trillion in the third quarter, the Federal Reserve said Thursday.
U.S. households' net worth rose $2.7 trillion to $53.4 trillion in the third quarter, notching its second straight quarterly advance, Federal Reserve data showed on Thursday.
William C. Dudley, president and chief executive officer of the Federal Reserve Bank of New York, said at a World Leaders Forum event on Dec. 7 that the worst of the economic crisis has ended, but cautioned that it will be some time before a full recovery is realized. “The recession now appears to be over, but the economy is still weak and the unemployment rate is much too high,” Dudley said ...
The number of newly laid-off workers seeking jobless benefits rose more than expected last week, after falling for five straight weeks.
We shouldn't get lazy just because the Federal Reserve's policies are pushing investors to buy, and buy now.
Dec. 10 (Bloomberg) -- JPMorgan Chase & Co. sold $500 million in securities backed by commercial mortgages without aid from a Federal Reserve program to jumpstart lending, according to a person familiar with the transaction.
TUESDAY, Dec. 15 WASHINGTON -- Labor Department releases the Producer Price Index for November, 8:30 a.m.; Treasury releases money flows data for October, 9 a.m.; Federal Reserve releases industrial production for November, 9:15 a.m.; National Association of Home Builders releases housing market index for December, 1 p.m.; first day of Federal Reserve interest rate meeting.
Goldman Sachs Group Inc plans to pay top managers their 2009 bonuses in stock, rather than cash, as it seeks to deflect outrage over a near-record pay haul months after it repaid billions of dollars in taxpayer aid.
Stock indexes rose Thursday as an increase in exports offset concerns about an increase in weekly unemployment claims.
Dec. 10 (Bloomberg) -- Federal Reserve Governor Elizabeth Duke said the government may need to “backstop” the market for mortgage-backed securities during future periods of stress.
Americans got wealthier for a second straight quarter in the fall, thanks to gains in stock investments and home values.
