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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: Federal Reserve

Federal Reserve stories: 439 news summaries

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 Fed Plans 
 to Oversee 
 Bankers' Pay 

Sweeping new rules will let central bank reject risky compensation plans

Sep 18, 09 5:48 AM CDT
(Newser) - A wide-ranging plan by the Federal Reserve to limit executive pay would allow government regulators to probe private financial institution's pay practices—and let the Fed block any policy it thinks may encourage undue risk. The plan is still being formulated and won't be finished for weeks, but it requires... More »

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Wall Street • executive compensation • Federal Reserve • bonuses • compensation • risky trading • clawback • executive bonuses

(AP) - Fed chief Ben Bernanke said today that the worst recession since the 1930s is "very likely over at this point." However, "it's still going to feel like a weak economy for some time," he warned, and unemployment will almost certainly rise. He spoke today to the... More »

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Ben Bernanke • Federal Reserve • recession • Brookings Institution • economy

OPINION

Fed Has Field of Economics in Its Pocket

Central bank keeps vast number of thinkers on the payroll

Sep 9, 09 3:09 PM CDT
(Newser) - The Federal Reserve has essentially bought out the economics profession, writes Ryan Grim in a Huffington Post investigation. The Fed employs or contracts with so many economists that it's a "career liability" for any independent-minded one to criticize policy, writes Grim. This might explain why the Fed has largely... More »

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Ben Bernanke • Federal Reserve • economics • economist • economists

INTERVIEW

Greenspan: 'Crisis Will Happen Again'

Former Fed chairman denies responsibility, blames human nature

Sep 9, 09 5:26 AM CDT
(Newser) - Another financial crisis is inevitable "unless somebody can find a way to change human nature," says Alan Greenspan in an interview with the BBC. The former Fed chairman—who has faced stinging criticism for his own role in precipitating the 2008-09 global recession—denied any responsibility for the... More »

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Federal Reserve • Alan Greenspan • risky trading • bank regulation • financial crisis

Bank of America Ready to Repay $20B in Bailout Cash

But bank haggles with Treasury, Fed over fee for loss-sharing deal

Sep 1, 09 7:59 AM CDT
(Newser) - Bank of America may become the latest institution to pay back a portion of its bailout money, with an eye toward escaping Washington's scrutiny of its pay packages. BofA isn't ready to pay back $45 billion in first-round TARP funds, the Wall Street Journal reports, but wants to start with... More »

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Bank of America • Federal Reserve • Treasury Department • bailout • financial crisis • Wall Street bailout • TARP

 US Reaps Profit as 
 Banks Pay Back 
 TARP Funds 

Fed pulls in $14B from loan programs

Aug 31, 09 7:38 AM CDT
(Newser) - When the government spent some $240 billion last year to help avert financial disaster, the idea of making a profit from the TARP funds invested in teetering banks looked like a long shot. Now, however, profits from eight banks who’ve paid back the cash have totaled some $4 billion,... More »

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Goldman Sachs • Federal Reserve • profits • Morgan Stanley • loans • American Express • investment • Treasury Department • taxpayer money • Northern Trust • TARP

ID-Theft Ring Victimized Bernanke

Thieves used pickpocketed IDs, checkbooks for fraud

Aug 27, 09 2:55 PM CDT
(Newser) - No less a public figure than the chairman of the Federal Reserve was one of 500 individuals victimized by an identity-theft ring that combined technologically sophisticated methods with old-fashioned thievery to bilk $2.1 million from consumers and financial institutions, Newsweek reports. The ringleader of the group, Clyde Austin Gray... More »

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Ben Bernanke • Starbucks • Federal Reserve • identity theft • bank fraud • check fraud • financial data • Anna Bernanke

analysis

 Bernanke's Next Challenge:
 Undoing His Own Work 

Rate cuts, other moves must eventually be reversed

Aug 26, 09 9:22 AM CDT
(Newser) - In his first term as Fed chairman, Ben Bernanke played the role of savior, lending hundreds of billions to banks and businesses, backing the mortgage market, and cutting interest rates. In his second, Bernanke will have to turn “strict disciplinarian,” reversing earlier moves to respond to a massive... More »

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inflation • Ben Bernanke • White House • Federal Reserve • lending practices • Obama administration • financial crisis • President Obama • interest rates

(Newser) - Barney Frank is working on the biggest legislation of his career, and no one seems to care. Frank, the chairman of the House Financial Services Committee, is preparing for markup sessions on a bill to revolutionize America’s financial regulatory structure. “It’s been eclipsed obviously in the public’... More »

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Federal Reserve • House Financial Services Committee • Ron Paul • regulation • Barney Frank • bank regulation

 Obama Nominates 
 Bernanke for 2nd Term 

Prez: he 'approached a financial system on the verge of collapse with calm and wisdom'

Aug 25, 09 8:43 AM CDT
(Newser) - President Obama has nominated Ben Bernanke for a second term as Federal Reserve chairman, saying Bernanke “led the Fed through the one of the worst financial crises that this nation and this world have ever faced,” the AP reports. “Ben approached a financial system on the verge... More »

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Ben Bernanke • Federal Reserve • recession • nomination • financial crisis • President Obama • economic recovery

(Newser) - President Obama will nominate Ben Bernanke for a second term as chairman of the Federal Reserve, the Wall Street Journal reports. Obama, who will make the announcement tomorrow, credits Bernanke with “pulling the economy back from the brink of depression,” White House chief of staff Rahm Emanuel said... More »

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Ben Bernanke • depression • Federal Reserve • Rahm Emanuel • financial crisis • President Obama

(Newser) - Ben Bernanke patted himself on the back today for helping to save the world from a complete economic meltdown, MarketWatch reports. Facing public outrage and the prospect of President Obama dumping him in 6 months, the Fed chair said at a retreat in Wyoming that the world’s central banks... More »

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Ben Bernanke • Federal Reserve • recession • global economy • central bank • bailout • financial crisis • economic downturn

(Newser) - Ben Bernanke can expect a standing ovation from economists at a Fed retreat in Jackson Hole today—for the financial establishment, the Fed chairman is a superhero, hailed for his aggressive, unprecedented actions to stem the worst crisis in generations. Yet on Capitol Hill he's far less popular, and the... More »

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Ben Bernanke • Federal Reserve • recession • Chris Dodd • central bank • Senate Banking Committee • financial crisis

MARKETS

 Dow Off 77 on Consumer Data 


Aug 14, 09 3:19 PM CDT
(Newser) - Stocks dipped today on worse-than-expected information about consumer sentiment, the Wall Street Journal reports. A Reuters index dropped 3 points instead of the anticipated 2-point rise. A downward spiral has been evident since the Fed announced it would not raise interest rates Wednesday. “A day like today has... More »

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stock market • NASDAQ • New York Stock Exchange • Federal Reserve • Dow Jones • consumer confidence • S&P 500 • interest rates

OPINION


 Change the Fed, 
 Keep Bernanke 


Aug 14, 09 6:52 AM CDT
(Newser) - The Federal Reserve is ripe for some major changes everywhere but at the top, Steven Pearlstein writes for the Washington Post. It's finally clear that the job "involves a lot more than adjusting interest rates," and we've seen the drain that happened when we "left the previous... More »

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Ben Bernanke • Federal Reserve • Larry Summers • bank regulation • financial crisis • Steven Pearlstein

MARKETS

 Fed Spurs Rally; Dow Up 120 

Homebuilders gain as Toll Brothers reports strong profit

Aug 12, 09 3:14 PM CDT
(Newser) - Stocks surged to gains before and after the Fed’s relatively positive report on the economy, the Wall Street Journal reports. Most investors took the Fed’s decision to end its buying of long-term Treasurys as a sign that the economy is returning to normal. Financials led gains, along with... More »

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Federal Reserve • Dow Jones • Nasdaq • Toll Brothers • S&P 500 • Treasury note

(Newser) - The Federal Reserve has slowed its recovery-minded plan to purchase Treasury securities but said that "economic activity is leveling out," the Wall Street Journal reports. The Fed’s policy committee hopes to complete its $300 billion purchase of Treasury securities by October—originally slated for September—and... More »

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Federal Reserve • recession • GDP • Treasury Department • Treasury bills • interest rates • economists • economic recovery

(Newser) - Economists give Ben Bernanke a big hug in a new Wall Street Journal survey. Most declare that the recession is over and nearly all in the group of 53 think President Obama should keep Bernanke in charge of the Fed when his term expires in January. Twenty-seven economists say the... More »

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Ben Bernanke • Federal Reserve • recession • economists

MARKETS

 Rally Loses Steam; Dow Off 32 

Freddie Mac sees shares rise 122% on earnings

Aug 10, 09 3:26 PM CDT
(Newser) - Stocks wavered on the heels of last week’s rally, closing slightly lower as investors wait for comments from the Fed, the Wall Street Journal reports. Federal Reserve policy makers will conclude a 2-day meeting on Wednesday and perhaps issue a new assessment of the economic recovery. Despite a broad... More »

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Federal Reserve • Dow Jones • Nasdaq • Freddie Mac • Fannie Mae • S&P 500

 Reappoint Bernanke: Krugman 


Aug 10, 09 11:21 AM CDT
(Newser) - If there’s any justice, Ben Bernanke will get another go-around at the helm of the Federal Reserve, Paul Krugman tells Bloomberg. “He’s earned the right to a second term,” the Nobel laureate says. “When the banking system failed to deliver capital where it was needed,... More »

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Ben Bernanke • Federal Reserve • Nobel Prize • Nobel Prize in Economics • Paul Krugman • economy • Joseph Stiglitz • Obama administration • President Obama

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