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Federal Reserve Bank

Moral Courage, Millennials and Four Federal Reserve Chairs

Calvin Sims | Posted 04.07.2016 | World
Calvin Sims

History will be made today when the four living Chairs of the Federal Reserve - Janet Yellen, Ben Bernanke, Alan Greenspan, and Paul Volcker - will appear on stage together for the first time in conversation at International House in New York.

Make Hard Work Pay -- Again

Marian Wright Edelman | Posted 05.14.2014 | Politics
Marian Wright Edelman

The sad truth is you can work full time in America and not be able to meet your family's basic needs. A parent working full time at the federal minimum wage of $7.25 an hour earns $15,080 a year before taxes. That's $4,700 below the poverty level for a parent with two children.

Quantitative Easing: Is it the Solution to all Our Economic Problems?

Emmanuel I.S. Ajuzie | Posted 01.23.2014 | Business
Emmanuel I.S. Ajuzie

The Fed has been trusted with the responsibility of keeping inflation and unemployment low. Because of the inverse relationship between the two, policy makers have not always found it easy to carry out both assignments.

After Costing Americans Billions, Federal Reserve Reexamines Banks' Commodity Speculation

Raymond J. Learsy | Posted 09.23.2013 | Business
Raymond J. Learsy

It is one of the grossest miscarriages of Wall Street power and government obeisance resulting in billions of consumer dollars going into the pockets of banks, hedge funds and traders producing and adding nothing to the economic wellbeing of the nation, other than lining their own pockets.

Bernanke Warns Of 'Short-Circuiting The Recovery'

Reuters | Posted 05.02.2013 | Business

March 1 (Reuters) - Ben Bernanke, the chairman of the Federal Reserve, said on Friday that pulling back on aggressive policy measures too soon would...

What Banks Won't Tell You About Their Sweetheart Deal With the Fed

D. Sidney Potter | Posted 12.20.2012 | Business
D. Sidney Potter

The beauty of supply-side economics, is that just when you start to believe that it might actually be theoretically true, there's always reality that breaks that fantasy.

Why the Fed's Job Program Will Fail

Robert Reich | Posted 02.11.2013 | Politics
Robert Reich

By linking interest rates directly to the rate of unemployment, Bernanke is acknowledging that the Federal Reserve Board has two mandates: not just price but also employment. But the sad fact is near-zero interest rates won't do much for jobs because banks aren't allowing many people to take advantage of them.

Central Banks Are Saving Democracy From Itself

Jeff Madrick | Posted 11.17.2012 | Business
Jeff Madrick

Note that it is Romney who is saying he wants Bernanke out of there and crying wolf about inflation. Bernanke, not subject to the whims of democracy, has had the courage to change his own thinking. He knows the consequences of tight policy now.

Let's Hear It for the European Union and the Euro

Sarwar Kashmeri | Posted 09.16.2012 | World
Sarwar Kashmeri

For obvious reasons, the financial problems of the eurozone have grabbed all the headlines. But it is important to recall what the European Union really means to Europeans. And why it is that the EU's members have been slowly but steadily ceding sovereignty to Brussels for over 50 years.

NY Fed Received Reports Of 'Problems With Libor' In 2007

Reuters | Posted 09.09.2012 | Business

* Questions over whether Fed did enough over Libor concerns * May have known as early as August 2007 about flaws * Geith...

Greg Rosalsky

Bernie Sanders Accuses 18 Fed Directors Of Conflicts | Greg Rosalsky | Posted 06.14.2012 | Politics

WASHINGTON -- At least 18 current and former directors of Federal Reserve banks received a stunning total of $4 trillion in near-zero-interest Fed loa...

Fed Announces New Bank Stress Tests

The Huffington Post | Bonnie Kavoussi | Posted 11.22.2011 | Business

As the sovereign debt crisis in Europe threatens to spill over into the United States, the federal government wants to make sure that banks are prepar...

Art Installation Takes On Debt

AP/The Huffington Post | By MARIA SUDEKUM FISHER | Posted 12.04.2011 | Arts

KANSAS CITY, Mo. -- A temporary art structure in Kansas City, Mo., made up of dozens of large steel shipping containers is creating a buzz with its me...

Fed Officials Split Over Policy Changes

Reuters | Mark Felsenthal and Glenn Somerville | Posted 06.05.2011 | Business

WASHINGTON (By Mark Felsenthal and Glenn Somerville) - Some Federal Reserve officials last month believed they would have to hold to an easy monetary ...

Federal Reserve Unlikely To Extend Quantitative Easing, Top Officials Say

Posted 05.25.2011 | Business

NEW YORK, March 25 - With the economy on firmer footing the Federal Reserve Bank is unlikely to extend its bond-buying stimulus program beyond a plann...

Global Central Banks Face An Essential Revolution

Reuters | Paul Carrel, Mark Felsenthal, Pedro da Costa, David Milliken and Alan Wheatley | Posted 05.25.2011 | Business

By Paul Carrel, Mark Felsenthal, Pedro da Costa, David Milliken and Alan Wheatley FRANKFURT/WASHINGTON - On a warm, Lisbon day last May, Jean-Claude...

Bernanke: Dodd-Frank Should 'Level Playing Field' For Small Banks

Reuters | Dave Clark | Posted 05.25.2011 | Business

SAN DIEGO - New financial regulatory reforms should help reduce the edge that large banks have over smaller ones because of their implicit support fro...

U.S. Recovery Gaining Traction, Fed Officials Say

Reuters | Kim Palmer and Sakari Suoninen | Posted 05.25.2011 | Business

AKRON, Ohio/FRANKFURT - The U.S. recovery is gaining traction, two top Federal Reserve officials said on Tuesday, though they differed on the risks of...

New Stock Market Signal Identifies Bubbles

Wired | Brandon Keim | Posted 05.25.2011 | Business

Complexity researchers who study the behavior of stock markets may have identified a signal that precedes crashes. They say the telltale sign is a me...

Is Their 'Pent Up' Demand In The Economy?

Bloomberg News | Alex Kowalski | Posted 05.25.2011 | Business

U.S. companies expect the economy to grow faster than previously estimated as demand from consumers, businesses and other countries picks up, a survey...

Letterman's Running Gag About Crashing Obama/Oprah Dinner on Martha's Vineyard: Hasn't Dave Heard Teddy Kennedy Died?

Michael Russnow | Posted 05.25.2011 | Comedy
Michael Russnow

David Letterman continued joking about not being invited to dinner with Oprah and Obama in Martha's Vineyard even after he knew the president was delivering a eulogy for Ted Kennedy on Saturday.

Fed Audit Supported By 75% Of Americans: Survey

Posted 05.25.2011 | Business

The calls to audit the Federal Reserve have come fast and furious in the last few weeks. Fed Chairman Ben Bernanke is continuing to push back against ...

Who Can we Bank on as Crisis Gets Worse?

Danny Schechter | Posted 05.25.2011 | Business
Danny Schechter

Washington seems tethered at the hip to Wall Street and continues to do its bidding. Obama wants to give us confidence, but the most trenchant critics believe a total collapse is in the offing.

Freddie Mac, When Are You Coming Back?

Danny Schechter | Posted 05.25.2011 | Business
Danny Schechter

As housing implodes, is our nation at an economic tipping point?

Why The Government Can't "Fix" the Crisis

Danny Schechter | Posted 05.25.2011 | Business
Danny Schechter

In what was for many an unbelievable chain of events, markets started melting down, confidence shattered and believers in unregulated transactions realized something was very, very wrong.