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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: Federal Reserve

Federal Reserve stories: 439 news summaries

41 - 60 of 439 Stories | << Prev 1 2 3 4 5 6 7 ... 22 Next >>

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(Newser) - The heat is apparently getting to Tim Geithner. At a meeting last week with high-level financial regulators, the treasury secretary indulged in a potty-mouthed diatribe about delays in the administration's highly touted plan to overhaul the regulatory system, declaring, "enough is enough," the Wall Street Journal reports.... More »

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Ben Bernanke • Federal Reserve • SEC • profanity • Treasury Department • FDIC • financial institutions • swearing • Obama administration • Treasury secretary • Sheila Bair • Timothy Geithner • Obama Cabinet • Mary Schapiro • regulator • Securities and Exchange Commission • regulatory body • Neal Wolin

Trading Rules Help Wall Street Pick Fed's Pocket

Transparency concerns let banks pick Bernanke's pocket

Aug 3, 09 4:27 AM CDT
(Newser) - Banks across Wall Street have made hefty profits trading with the Federal Reserve—often their only customer as the financial crisis ground trading to a halt—and government officials and finance execs are now asking whether Ben Bernanke is making tough enough deals. The central bank, unlike individual or corporate... More »

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Ben Bernanke • Wall Street • Federal Reserve • Barney Frank • BlackRock • commodity prices • financial crisis

(AP) - The economy is finally beginning to show signs of stabilizing in some parts of the US, bolstering hopes of a broader-based recovery this year. A Federal Reserve snapshot of economic conditions issued today finds that most of the Fed's 12 regions indicated either that "the pace of decline has... More »

MORE ABOUT:
Federal Reserve • United States • recession • economy • financial crisis • economic downturn • economic crisis • stabilizing

(Newser) - The Federal Reserve is the least trusted of all federal agencies, a new Gallup poll finds. Just 30% of respondents said the Fed was doing a “good” or “excellent” job, giving it the lowest score out of nine agencies included in the poll. That’s a steep decline... More »

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NASA • Ben Bernanke • Centers for Disease Control and Prevention • Federal Reserve • approval ratings • poll numbers • Gallup • federal agencies

(Newser) - Fed chief Ben Bernanke fielded questions from the public in an unprecedented town hall meeting last night, the Kansas City star reports. Sounding every bit like a candidate running for office, Bernanke defended his moves during the recession and financial crisis, saying he had learned from his predecessors' mistakes in... More »

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Ben Bernanke • Federal Reserve • US economy • town hall meeting • bailout • financial crisis

Analysis

Good News: We've Hit Bottom!

Of course, the
bad news is:
We've hit bottom!

Jul 24, 09 9:13 AM CDT
(Newser) - Former Fed vice chairman Alan Blinder has some good news and some bad news about the economy, and it’s the same news: We’ve hit bottom. Third-quarter GDP should turn positive, and the fourth quarter could even hold an upside surprise. Growth of 3% or even 4% is utterly... More »

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Federal Reserve • US economy • GDP • economy • Alan Blinder • US gross domestic product • financial crisis

Paulson: BofA-Merrill Deal Saved US From 'Great Peril'

Actions saved nation from 'great peril,' he says

Jul 16, 09 11:15 AM CDT
(Newser) - Former Treasury Secretary Henry Paulson says his role in Bank of America’s acquisition of Merrill Lynch was appropriate and necessary, MarketWatch reports. “I am confident that our responses were substantially correct and that they saved this nation from great peril,” Paulson told a House oversight committee today... More »

MORE ABOUT:
Bank of America • Federal Reserve • Henry Paulson • Merrill Lynch • economy • financial crisis • Wall Street bailout • TARP • Ken Lewis • Edolphus Towns

(Newser) - The Federal Reserve is confident the general economy is turning around but still pessimistic on the jobs part, the Wall Street Journal reports. In June meeting minutes issued today, those gathered agreed that data since April “indicated that the economic contraction was slowing and that the decline in activity... More »

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Ben Bernanke • Federal Reserve • recession • unemployment • predictions • financial sector • economic crisis • minutes

OPINION

Krugman
to Obama:
I Told You So

Bush-style hedging on possible 2nd stimulus isn't helping anyone

Jul 10, 09 10:23 AM CDT
(Newser) - A second economic stimulus package looks increasingly necessary, and President Obama may get "caught in a political-economic trap" if he doesn't act soon, warns Paul Krugman in the New York Times. The Fed is out of the picture, and the White House has to deal with legislators convinced... More »

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Bush administration • Joe Biden • Federal Reserve • economic stimulus package • Obama administration • President Obama • economic crisis

Troubled Banks Have a New Benefactor: You

Industry hikes fees on checking accounts, overdraft transactions

Jun 28, 09 11:31 AM CDT
(Newser) - Your children aren’t the only ones who think you’re an ATM: Your bank does, too. Facing declining revenues and smacked with tough, new credit card legislation from Congress, banks are hiking overdraft, ATM, and checking account fees, the Washington Post reports. The average bounced check fee rose 2.... More »

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Congress • Federal Reserve • legislation • ATM • banks • banking industry • checking account • consumers

Bernanke Denies Threatening BofA Boss Over Merrill

He battles accusations that he strongarmed he company

Jun 25, 09 11:42 AM CDT
(Newser) - On Capitol Hill today, Federal Reserve chair Ben Bernanke denied he threatened the job of Bank of America’s CEO when Ken Lewis hesitated on the Merrill Lynch merger last fall, CNNMoney reports. “I did not tell Bank of America’s management that the Federal Reserve would take action... More »

MORE ABOUT:
Ben Bernanke • Bank of America • Federal Reserve • Henry Paulson • House Committee on Oversight and Government Reform • Darrell Issa • Ken Lewis

MARKETS

 Dow Off 23 on Fed Rate News 


Jun 24, 09 3:09 PM CDT
(Newser) - Markets were mixed today as positive economic indicators and surging tech stocks battled with a Fed announcement that interest rates would be held near zero, the Wall Street Journal reports. The Dow lost early momentum, but the Nasdaq flourished. “We’ve basically come through a panic phase,” an... More »

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

Fed Keeps
Interest Rates
at Record Low

Economy picking up, but not enough that inflation is a worry

Jun 24, 09 2:04 PM CDT
(AP) - The Federal Reserve says the recession is easing, but that the economy likely will remain weak and keep a lid on inflation. Against this backdrop, the Fed held a key bank lending rate at a record low of between 0% and 0.25%, and pledged again to keep it there... More »

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Wall Street • Federal Reserve • recession • interest rate • economy • financial crisis



 Fed Mulls Overhaul 
 of Overnight Lending 

May create new entity to replace loan clearing banks

Jun 22, 09 1:15 PM CDT
(Newser) - The Fed is planning an overhaul of the repurchase markets involved in banks’ overnight trading—including the creation of a new unit to oversee transactions, the Financial Times reports. Such a facility would take the place of clearing banks, such as JPMorgan Chase, that currently act as middlemen for loans,... More »

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Federal Reserve • loans • Lehman Brothers • JPMorgan Chase • financial crisis • repurchase market

ANALYSIS

Congress Wary of Fed's Growing Power

After decades of deference, legislators turn on central bank

Jun 19, 09 8:30 AM CDT
(Newser) - Tim Geithner testified before the Senate Banking Committee yesterday, but as the Washington Post reports, it's not the Treasury but the Fed whose growing powers most worry legislators. Republicans and Democrats are both venting that Ben Bernanke's office did little to stop the excesses of the boom years, only to... More »

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Ben Bernanke • Charles Schumer • Congressional oversight • Federal Reserve • regulation • Richard Shelby • Senate Banking Committee • Obama administration • financial crisis • Timothy Geithner

(Newser) - President Obama today proposed broad new powers for the Federal Reserve and the creation of new national regulator to ensure against another financial crisis, the Wall Street Journal reports. Under the new plan, the Fed would oversee all components of any banking concern, even its foreign affiliates, and Treasury... More »

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Federal Reserve • SEC • Treasury Department • Office of Thrift Supervision • bank regulation • Obama administration • President Obama • Securities and Exchange Commission

INTERVIEW

Obama Vows 'Light Touch' in Bank Regulation

Oversight measures
aim for 'minimum' to avoid meltdown

Jun 17, 09 6:07 AM CDT
(Newser) - Today Barack Obama will announce a major financial reform package that will give the Fed, Treasury, and FDIC new powers of regulation and oversight. It's the most substantial shift in financial regulations since the 1930s—but stops short of some of the most radical proposals, including tough limits on derivatives... More »

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Barack Obama • Federal Reserve • derivatives market • Treasury Department • regulation • FDIC • financial institutions • bank regulation • banking industry • financial crisis

MARKETS

 Dow Off 107 on Weak Data 

More poor manufacturing news saps stocks

Jun 16, 09 3:27 PM CDT
(Newser) - Stocks fell further today as markets absorbed more poor economic data, the Wall Street Journal reports. National industrial production fell 1.1% in May, the Federal Reserve announced. The Dow Jones producer-price index rose only 0.2% in May, short of the expected 0.6% increase. The Dow lost 107.... More »

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Federal Reserve • Dow Jones • Nasdaq • S&P 500 • Producer Price Index • industrial

OPINION

It's Too Soon for Feds to Ease Up on Economy

If Washington cuts off the cash, recession will worsen: Krugman

Jun 15, 09 9:42 AM CDT
(Newser) - With critics prematurely calling on Washington to scale back financial rescue efforts, economic history fans see “déjà vu all over again,” writes Paul Krugman in the New York Times. This is the third time a major economy has been stuck in a liquidity trap, and both previous... More »

MORE ABOUT:
inflation • government spending • Federal Reserve • liquidity • Paul Krugman • economic stimulus package • Great Depression • financial crisis

OPINION

Geithner, Summers Outline New Regulatory System


Jun 15, 09 8:33 AM CDT
(Newser) - The current financial regulatory system “is riddled with gaps, weaknesses, and jurisdictional overlaps,” Treasury Secretary Timothy Geithner and Obama economic guru Larry Summers write in today’s Washington Post. They outline, in broad strokes, their plan to fix it:
  • Capital and liquidity requirements will be raised
... More »

MORE ABOUT:
Federal Reserve • capital • liquidity • regulation • securities • Larry Summers • bank regulation • Obama administration • Timothy Geithner

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