18353 Stories, most recent news story added 9 minutes ago
Yesterday, Federal Reserve Chief Ben Bernanke was in front of the Senate Banking Committee trying to hold on to his job. Some Senators were complimentary on Bernanke’s job. Republican Senator Judd Gregg from New Hampshire gave the Fed Chairman a warm welcome.
WASHINGTON - Making a case for his confirmation to a second term as the chairman of the Federal Reserve, Ben Bernanke on Thursday defended unpopular actions he has taken that helped stem a spreading global financial crisis, and offered a mea culpa for the Fed's failure to see the storm coming.
Dec. 4 (Bloomberg) -- Traders increased wagers that the Federal Reserve will begin lifting its target rate for overnight loans next year after the U.S. government reported a smaller- than-estimated decrease in jobs last month.
WASHINGTON (Reuters) - U.S. employers cut far fewer jobs than expected last month in the best showing for the labor market since the recession began, boosting the U.S. dollar and global stock prices on hopes for a strong economic recovery.
Federal Reserve Chairman Ben Bernanke faced tough questions from the Senate Banking Committee about the Fed's failures leading up to the financial crisis and the role it played in the bailout of Wall Street firms. While Bernanke is ultimately expected to be reconfirmed, the hearing may influence the Fed's future role in an overhauled financial system.
Making a case for a second term as head of the Federal Reserve, Ben Bernanke said Thursday that he has the tools and political backbone necessary to reel in massive economic support once the recovery is firmly rooted.
Making a case for a second term as head of the Federal Reserve, Ben Bernanke said Thursday that he has the tools and the political backbone necessary to reel in massive economic support once the recovery is firmly rooted.
Why Congress is Furious at the Fed
Dec. 4 (Bloomberg) -- Investors should buy “screamingly cheap” Treasuries in the expectation that the Federal Reserve will keep interest rates on hold through next year as inflation remains subdued, according to Royal Bank of Scotland Plc.
Senators took aim Thursday at Federal Reserve Chairman Ben Bernanke, linking him to rising unemployment, regulatory lapses...
WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke on Thursday will push back at efforts to curb the Fed's power as he goes before lawmakers considering his nomination to a second term at the central bank's helm.
WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke on Thursday will push back at efforts to curb the Fed's power as he goes before lawmakers considering his nomination to a second term at the central bank's helm.
China has maintained a consistent allocation of its foreign exchange reserves across different currencies, a senior official said on Friday, suggesting that any diversification away from the dollar has been gradual.
U.S. Senator Bernie Sanders said on Wednesday that he was placing a hold on Ben Bernanke's nomination for a second term as Federal Reserve chairman, a move that could slow the confirmation process.
The Federal Reserve has expanded the field of credit rating agencies that determine the eligibility of securities pledged for loans in a government program aimed at sparking more consumer and business lending.
Treasury prices tumbled Friday after the Labor Department said employers cut far fewer jobs than anticipated in November.
