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.
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.
If Goldman Sachs and JPMorgan hand out enormous bonuses, as planned, it will only enrage Main Street that much more.
U.S. stock index futures rose about 1 percent on Monday, looking to snap a three-session losing streak as commodity and natural resource stocks gained on a falling U.S. dollar.
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.
A U.S. Federal Reserve official’s call to extend the central bank’s asset-purchase plan beyond its planned expiration data put pressure on the U.S. dollar, with traders quick to book small profits scored on the greenback last week.
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.
St. Louis Fed president said central bank should extend its mortgage-related asset purchase program.
Precious metal continues to soar as prices push through key technical levels.
Home resales for October are projected to rise to the highest level in more than two years as first-time buyers, anticipating that a tax credit would soon expire, rushed to beat the clock.
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.
The OECD area of leading industrialised economies pulled clear of recession in the third quarter with 0.8-percent growth but British output still shrank, OECD data showed on Monday.
The safe-haven dollar began the week lower as a Federal Reserve official urged the continuation of stimulus programs and as home sales in October greatly exceeded market expectations, revving up traders' taste for higher-yielding assets. Gold prices surged to... Federal Reserve System - Federal Reserve - Central bank - Investing - Business
Global stock markets rose sharply on Monday as the dollar weakened, mirroring surging commodities, while signs of a possible international battle for British confectioner Cadbury focused traders' minds.
Are your losses from online gambling deductible? It's no sure bet -- the legality of online gambling in the U.S., and the tax law surrounding the activity, is not really clear.