monetary policy – News Stories About monetary policy - Page 2

Fed's Broader Portfolio Raises Some Worries

Jul 17, 2008 12:18 PM CDT

Fed's Broader Portfolio Raises Some Worries

Central bank appears deft so far, but crisis could stretch it thinner

(Newser) - Ben Bernanke has been busy recently—too busy, in the minds of some. The chairman has expanded the Federal Reserve's role beyond traditional monetary policymaker to being an all-purpose protector of the financial system. Many of his dramatic moves—the Bear Stearns buyout, backstopping Fannie Mae and Freddie Mac—averted...

In Turmoil,
Bernanke Forged
New Persona

ANALYSIS

May 28, 2008 10:50 AM CDT

In Turmoil, Bernanke Forged New Persona

Fed chief sheds academic image with crisis management; some worry he went too far

(Newser) - Federal Reserve chief Ben Bernanke’s aggressive actions in March to douse the fire consuming financial markets won him fans on Wall Street and elsewhere, but created a cadre of critics who say the “Bernanke Doctrine” fuels inflation and hurts the dollar, the New York Times reports. “It...

Jobs Rally Fizzles; Stocks Mixed

MARKETS

May 2, 2008 3:37 PM CDT

Jobs Rally Fizzles; Stocks Mixed

Cautious market not fully inspired by jobs, Fed action

(Newser) - The markets ended mixed today as a rally spurred by news of fewer April job losses than expected and the Fed's bank-liquidity expansion died down before the closing bell, MarketWatch reports. The Dow rose 48.20, closing at 13,058.20, and the S&P 500 gained 4.56 to...

Bear Bailout Called 'Worst Mistake in a Generation'

Apr 29, 2008 8:18 AM CDT

Bear Bailout Called 'Worst Mistake in a Generation'

Bear Stearns move 'worst mistake in generation,' he charges

(Newser) - A former top-ranking Fed official has called the central bank's decision to bail out Bear Stearns its "worst mistake in a generation," the Wall Street Journal reports. The official, former chief of monetary policy, compares the hasty move to errors that helped trigger the Great Depression. He accused...

No 'Reward' For Borrowers, Lenders: McCain

Mar 25, 2008 4:20 PM CDT

No 'Reward' For Borrowers, Lenders: McCain

GOP candidate blasts risky mortgages, nixes government bailout

(Newser) - John McCain said today he opposes government action to bail out homeowners having trouble with their mortgages, the New York Times reports. McCain—who will receive Nancy Reagan's endorsement today—differentiated himself from both Democratic candidates, who have called for federal intervention, saying: “It is not the duty of...