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Andrew Jackson would assuredly be pleased at the rising congressional distrust of the Federal Reserve. The populist president, who won re-election in 1832 on a platform of abolishing the Second Bank of the United States, was an early hater of power concentrated in huge financial institutions.
Nov. 21 (Bloomberg) -- The dollar rose against most of its major counterparts and posted its first weekly gain versus the euro in November as investors sold shares and bought short-term Treasuries to guard against losses before year-end.
You'd think that $10 trillion would merit a little more respect.
A new federal law -- the Unlawful Internet Gambling Enforcement Act -- is slated to go into effect on Dec. 1. But it's still not entirely clear whether online gambling is illegal, or whether you can deduct losses from that activity.
WASHINGTON - Banks borrowed slightly less from the Federal Reserve's emergency lending program over the past week, but increased their use of other credit programs designed to ease the financial crisis.
S.C. to consider impeaching gov.
Nov. 21 (Bloomberg) -- Asian currencies fell this week, led by Indonesia’s rupiah, on speculation regional policy makers will restrict capital inflows to prevent appreciation that may hurt exports.
The falling dollar has garnered a lot of attention, maybe more than it deserves.
Senior U.S. Federal Reserve officials said on Thursday inflation is not an immediate threat as a weak economic recovery and a grim outlook for jobs keep price pressures in check.
The country needs to avoid Keynes' economic theories; Health care reform should be for the benefit of the citizens; U.S. Rep. Capito should have voted for health care reform
Rep. Ron Paul, the Texas Republican and lifelong critic of the Federal Reserve, scored a big win on Capitol Hill by getting a House panel to pass a bill requiring new reviews of the Fed's interest-rate decisions.
The Texas economy threw off mixed signals in October, with expanding payrolls but a rising unemployment rate.
Nov. 20 (Bloomberg) -- Treasury two-year note yields fell to the lowest level this year on concern the rally in risk assets has outpaced growth prospects and as Federal Reserve officials signaled interest rates will stay low.
Millions of Americans already battling the suffocating economy are getting a flurry of mail from credit-card issuers telling them, just in time for holiday shopping, that their interest rate is headed skyward.
The Federal Reserve is now subject to a sweeping congressional audit. The provision would direct the Government Accountability Office to examine transactions the Fed has undertaken to spur lending, stabilize banks and revive the economy.
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