What Congress has in store for the Federal Reserve
CNNMoney.com - Mon Nov 23, 8:23 am ETMore than a year after the financial meltdown of 2008, Congress is moving forward on plans to drastically curtail the power of the Federal Reserve.
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More than a year after the financial meltdown of 2008, Congress is moving forward on plans to drastically curtail the power of the Federal Reserve.
Nov. 23 (Bloomberg) -- The dollar fell the most in two weeks against the euro after President James Bullard of the Federal Reserve Bank of St. Louis said policy makers should keep stimulus measures in place beyond March.
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.
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.
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.
Nov. 24 (Bloomberg) -- The Australian and New Zealand dollars were little changed, after yesterday rising by the most in a week as signs U.S. interest rates will stay near zero for an extended period spurred demand for higher-yielding assets.
Nov. 23 (Bloomberg) -- The most accurate dollar forecasters predict the world’s reserve currency will continue sliding even when the Federal Reserve begins to raise interest rates, which policy makers say is an “extended period” away.
Nov. 23 (Bloomberg) -- The most accurate dollar forecasters predict the world’s reserve currency will continue sliding even when the Federal Reserve begins to raise interest rates, which policy makers say is an “extended period” away.
Nov. 24 (Bloomberg) -- Treasuries were little changed, after five-year yields climbed from the lowest level in six months, as the U.S. prepared to sell a record $42 billion of the securities today.
Nov. 23 (Bloomberg) -- The most accurate dollar forecasters predict the world’s reserve currency will continue sliding even when the Federal Reserve begins to raise interest rates, which policy makers say is an “extended period” away.
Nov. 24 (Bloomberg) -- The dollar and yen may extend their decline against other major currencies as signs of a sustained economic recovery buoy demand for higher-yielding assets.
Nov. 24 (Bloomberg) -- The dollar and yen may extend their decline against other major currencies as signs of a sustained economic recovery buoy demand for higher-yielding assets.
NEW YORK (Reuters) - 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.
Nov. 24 (Bloomberg) -- The dollar and yen may extend their decline against other major currencies as signs of a sustained economic recovery buoy demand for higher-yielding assets.
Nov. 24 (Bloomberg) -- The dollar and yen may extend their decline against other major currencies as signs of a sustained economic recovery buoy demand for higher-yielding assets.
Nov. 23 (Bloomberg) -- The dollar fell the most in two weeks against the euro on speculation the Federal Reserve will keep its stimulus measures in place and ensure interest rates remain at virtually zero.