Content Tagged As federal_reserve

2 years 7 months ago

US stocks slide as Greek debt worries grow

NEW YORK (AP) - Stocks are tumbling as investors worry that Greece won't qualify for a new installment of emergency funds in time to avoid defaulting on its debt. Investors also appear pessimistic about a Federal Reserve policy decision expected Wednesday. The Fed has hinted it might take new...

3 years 9 months ago

Federal regulators adopt bank bonus policy

Federal regulators have adopted a plan to ensure that banks' pay policies don't encourage employees to take reckless gambles like those that contributed to the recent financial crisis. The plan, originally proposed by the Federal Reserve last year, was also endorsed by other key banking regulators - the Federal...

3 years 11 months ago

Consumer rules, Fed audit next on Senate agenda

Disputes over consumer protections and how Congress should oversee the Federal Reserve loom as obstacles to the Senate's efforts to rein in Wall Street. Republicans have offered a weaker alternative to consumer protection measures that are central to President Barack Obama's Wall Street regulation plan. And a bipartisan group...

4 years 2 weeks ago

Fed officials: record low rates still needed

Super-low interest rates are still needed to aid the economic recovery, but there's a chance that the Federal Reserve may have to start raising rates before the nation's unemployment rate drops significantly, a Federal Reserve official says. Dennis Lockhart, president of the Federal Reserve Bank of Atlanta, made his...

4 years 2 months ago

Senate confirms Bernanke for second term

The Senate has confirmed Ben Bernanke for a second term as chairman of the Federal Reserve. The Senate voted 70-30 on Thursday to reappoint Bernanke amid criticism of his judgment ahead of the financial crisis and his support for massive Wall Street bailouts. His supporters credited him for engineering...

4 years 5 months ago

Bernanke urges Congress to act now on overhaul

Federal Reserve Chairman Ben Bernanke is prodding Congress to enact legislation overhauling the nation's financial regulatory system to prevent a repeat of the banking and credit debacles that had thrust the country into crisis. The Fed chief says: "With the financial turmoil abating, now is the time for policymakers to...

4 years 6 months ago

Fed boss sees no rush to boost rates

Federal Reserve Chairman Ben Bernanke sent a fresh signal yesterday that he's in no rush to reverse course and start boosting interest rates. The Fed's key bank lending rate is now at a record low near zero and will probably stay there for an "extended period," Bernanke said in a...

4 years 6 months ago

House pushes for sweeping audit of the Fed

House lawmakers are trying to pry open the books of the famously secretive Federal Reserve with legislation that would subject the central bank to a sweeping congressional audit. The effort is overwhelmingly bipartisan. Hardline conservatives and liberal Democrats have banded together in their criticism of the Fed as a major...

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