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Zach Carter

Wall Street Speculation Drove Oil Price Spike Higher, Federal Reserve Study Finds | Zach Carter | Posted 03.21.2012 | Business

WASHINGTON -- Two economists at the St. Louis Federal Reserve have published findings that indicate that Wall Street speculation is responsible for 15...

Flipping the Bird: Is the Fed on Twitter a Horrible Idea?

Adam Levin | Posted 05.14.2012 | Money
Adam Levin

Even the farsighted Founding Fathers could not have foreseen this -- the Fed is now on Twitter! Just think of the possibilities -- one fine Friday any Fed functionary could foment a world crisis in 140 characters or less! It could be as simple as a typo.

What Can Ben Do For You?

The Huffington Post | Mark Gongloff | Posted 03.13.2012 | Business

Here comes your nineteenth nervous breakdown. But first, here come the seven and a half things you need to know today: Thing One: Fed Up: Once upon...

Banks Choose Lending To Uncle Sam Instead Of You

The Huffington Post | Mark Gongloff | Posted 03.12.2012 | Business

If banks are doing so great, then why are they lending money to Uncle Sam instead of to you? U.S. banks bought more Treasury debt and bonds issued ...

These Three Words Are Causing A Pavlovian Stock Rally Today

The Huffington Post | Mark Gongloff | Posted 03.07.2012 | Business

Just how addicted is the stock market to the Fed's easy money? We just got a prime example. Late Wednesday morning, stocks were meandering along, n...

Zach Carter

Swipe Fee Fallout Has Small Banks Relishing Rare Advantage Over Wall Street | Zach Carter | Posted 03.02.2012 | Politics

Last year's wild legislative melee over debit card swipe fees featured a curious contradiction: Although big Wall Street banks stood to lose the most ...

Report: Fed Ignored Warnings During Critical Period

Posted 03.02.2012 | Business

By Jesse Eisinger, ProPublica In early November 2010, as the Federal Reserve began to weigh whether the nation's biggest financial firms were healthy...

Blame Ben: Seven And A Half Things To Know

The Huffington Post | Mark Gongloff | Posted 02.29.2012 | Business

Leap Day comes along only once every four years, but you need to know seven and a half things every day. Here's your daily allotment: Thing One: Al...

Zach Carter

CFPB Crowdsources Nominations For Key Advisory Posts | Zach Carter | Posted 02.23.2012 | Politics

WASHINGTON -- In a significant break with traditional federal policy, the new Consumer Financial Protection Bureau is appealing directly to the public...

Let's Make a Deal: The Bail-Out of Wall Street in Unusual and Exigent Circumstances

L. Randall Wray | Posted 04.17.2012 | Business
L. Randall Wray

There is little doubt that the global financial crisis posed "unusual and exigent" circumstances that had to be met with a huge response by the Fed (and Treasury). It is not clear, however, that the response actually mounted was legal. It was certainly not transparent.

Zach Carter

When Timothy Geithner Hearted Alan Greenspan | Zach Carter | Posted 01.12.2012 | Politics

WASHINGTON -- A set of recently released transcripts of internal Federal Reserve communications includes a burst of profuse praise from then-New York ...

Marginalizing Ron Paul

Robert Scheer | Posted 02.28.2012 | Politics
Robert Scheer

It should not be difficult for the New York Times editorial writers to treat Ron Paul as a profound and principled contributor to a much-needed national debate on the limits of federal power instead of attempting to marginalize his views beyond recognition.

A $200K Mortgage for $2 a Month

Rep. Alan Grayson | Posted 02.08.2012 | Business
Rep. Alan Grayson

Maybe you thought, "a $200,000 mortgage? For only $2 each month? That sounds impossible." Well, it is possible. It's just not possible for you. For Bank of America, yes. For Citigroup, yes. For Wells Fargo, yes. For you, no.

The Fed Bailouts: Money for Nothing

Rep. Alan Grayson | Posted 02.04.2012 | Business
Rep. Alan Grayson

A GAO investigation into the Fed documents Wall Street bailouts that dwarf the $700 billion TARP, and everything else you've heard about. All this is something new, very new. The Fed was allowed to pick winners and losers.

Epiphinal Economic Times

Patrick Yam | Posted 01.01.2012 | Business
Patrick Yam

Quantitative Easing has dispelled any notion that we are dedicated to maintaining a strong dollar, as various presidential administrations have professed throughout the past few decades.

Fed's Tarullo: Housing 'Continues To Hang Like An Albatross' On Economy

Posted 12.20.2011 | Business

NEW YORK (Reuters) - The Federal Reserve should consider buying more mortgage bonds to support a fragile economic recovery and a downtrodden housing s...

Our Economic Policy Is Up a Creek With a Paddle

Jared Bernstein | Posted 11.29.2011 | Business
Jared Bernstein

The Federal Reserve is trying to do their part with more easing of interest rates, but absent more action on the fiscal side, like the measures in the president's jobs plan, I don't expect anyone much to take advantage of lower rates.

The Effete Fed

Edward Flattau | Posted 10.31.2011 | Green
Edward Flattau

Because of a rigid ideological commitment to "get Washington off the public's back," House of Representative Republicans tend to have a counter productive, narrow view of the appropriate role for federal government.

Fed Up? The Urge to Juice the Economy in Election Season

Donald F. Kettl | Posted 10.24.2011 | Business
Donald F. Kettl

Rick Perry's jab at Ben Bernanke might have been aimed at political motives, but it raises deeper policy puzzles. With fiscal policy off the table and monetary policy under attack, what's left?

The Denigration of the Dollar and the Fed

Daniel Wagner | Posted 10.24.2011 | Business
Daniel Wagner

The dollar's hegemony has become increasingly fiscally and monetarily unsustainable to the U.S. itself, and will come to an end either by a forceful market correction or a gradual reconstruction of global reserve currency system.

Rick Perry, Ben Bernanke, and the Middle Class

Jared Bernstein | Posted 10.16.2011 | Business
Jared Bernstein

Just when you thought our politics couldn't get any weirder, Texas Governor Rick Perry may have just threatened to beat up Federal Reserve Chairman Ben Bernanke for suggesting another round of quantitative easing.

Alexander Eichler

QE3 Not Guaranteed To Happen, And Not Guaranteed To Help If It Does | Alexander Eichler | Posted 10.13.2011 | Business

With the economy growing at a snail's pace and the job market still disconcertingly weak, economists are wondering whether the Federal Reserve will un...

The Fed Surprises

Gerald P. O'Driscoll, Jr. | Posted 10.11.2011 | Business
Gerald P. O'Driscoll, Jr.

There are two clear losers with the Fed's newest decision: the dollar and savers. The promise to keep interest rates low for two more years ensures continued weakness of the dollar against strong foreign currencies and gold.

Another Bailout Joins the Goofball Economy

Robert Scheer | Posted 10.09.2011 | Business
Robert Scheer

President Obama has agreed to effectively remove the elected federal government from the battle to restore economic health and instead left us to the tender mercies of the banker-dominated Federal Reserve, which, like the folks at S&P, helped get us into this mess.

El-Erian: Fed Comes To The Rescue 'In A Bold Manner'

CNBC | Mohamed El-Erian | Posted 10.09.2011 | Business

After Monday’s gut wrenching 635 point fall, the Dow Jones index surged an impressive 430 points on Tuesday. In the process, investors experienced a...