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Federal Reserve Board

Obama Taps Community Banker For Fed Board

AP | MARTIN CRUTSINGER | Posted 03.08.2015 | Business

WASHINGTON (AP) — President Barack Obama has selected the former head of a community bank in Hawaii to fill a vacancy on the Federal Reserve Board. ...

Bill de Blasio Lifts the Left

Brent Budowsky | Posted 04.15.2014 | Politics
Brent Budowsky

Bill de Blasio has lifted the left and is a man to watch in 2014. I have a hunch that the next Democratic nominee for president will be watching him closely, too.

A Well-Balanced Slate for the Federal Reserve

Mohamed A. El-Erian | Posted 03.15.2014 | Business
Mohamed A. El-Erian

Given Friday's surprising employment report, it is understandable that the other big announcement that day -- the one pertaining to governors for the Federal Reserve -- attracted a lot less attention. Yet the news is more consequential for the economy and markets. It is also good news.

Magnificent Trespasser

Robert Kuttner | Posted 02.13.2013 | Politics
Robert Kuttner

Albert Hirschman, an economist who became one of the greatest of the 20th century's moral philosophers, died Tuesday at age 97.

Corporate Primacy Causes People Poverty

Leo W. Gerard | Posted 08.18.2012 | Politics
Leo W. Gerard

Do Americans want a government of the people by the people for the people? Or do Americans want a government of the corporations by the corporations for the corporations, one dedicated to the proposition that the rich are better than everyone else?

How The Fed Is Reshaping Wall Street In Secret

The Wall Street Journal | VICTORIA MCGRANE and JON HILSENRATH | Posted 02.21.2012 | Business

The Federal Reserve has operated almost entirely behind closed doors as it rewrites the rule book governing the U.S. financial system, a stark contras...

Apple + Fed = Gains!

Michael Farr | Posted 03.26.2012 | Business
Michael Farr

From Europe to Washington to Florida to China to Apple and earnings season; investors are barraged by an assault of major stunning stories.

New Fed Roster More Likely To Support Boosting Economy

AP | By MARTIN CRUTSINGER | Posted 01.24.2012 | Business

NEW YORK -- If Chairman Ben Bernanke decides the economy needs more help from the Federal Reserve this year, he probably won't face as much resistance...

Bonnie Kavoussi

Federal Reserve Keeps Europe At Arm's Length | Bonnie Kavoussi | Posted 11.29.2011 | Business

As the eurozone crisis continues to develop, pressure for the European Central Bank to act is mounting. Many want the ECB to bail out troubled Europea...

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...

Why Was There Demand For Bad Loans Before The Crisis?

Naked Capitalism | Tom Adams and Yves Smith | Posted 05.25.2011 | Business

In common with other accounts of the financial crisis, the Financial Crisis Inquiry Commission report notes that mortgage underwriting standards were ...

Jimmy V, Elizabeth, Aretha & The Economics of Cancer

Don McNay | Posted 11.17.2011 | Healthy Living
Don McNay

We have become a nation where our leaders can throw billions at places like Goldman Sachs, which does nothing to touch the lives of average Americans, but underfund the war against cancer, which touches almost every family.

Federal Reserve Board Gets Two New Members

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — Two new members have been installed on the Federal Reserve, which has enormous power over Americans' pocketbooks. Janet Yellen bec...

Quantitative Easing Is Just Devaluation

Jeffrey Rubin | Posted 05.25.2011 | Business
Jeffrey Rubin

As the Federal Reserve Board gets ready for yet another round of quantitative easing (i.e. printing more money), one may well ask: why? If previous qu...

Is Main Street Ready for the Second Wave of the Recession?

Don McNay | Posted 05.25.2011 | Business
Don McNay

The phrase "double-dip recession" means little to most of us. To people on Main Street, it hasn't been been a "dip". We took a drop to the bottom two years ago and stayed there.

Obama Chooses Janet Yellen as Vice President of Federal Reserve

AP | DARLENE SUPERVILLE | Posted 05.25.2011 | Business

WASHINGTON — Putting a bigger stamp on the Federal Reserve, President Barack Obama on Thursday chose Janet Yellen as vice chairwoman of the cent...

Fed Directors Spurn Senate Plan To Kick Off Bankers

Reuters | Kristina Cooke and Ann Saphir | Posted 05.25.2011 | Business

Federal Reserve Bank directors say a Senate plan to kick bankers off the boards of regional Fed banks is an overreaction to one headline-grabbing inci...

The "Don't Ever Give Up" Business Plan

Don McNay | Posted 05.25.2011 | Business
Don McNay

Seth Godin, who has helped thousands of entrepreneurs be productive, says that business people never realize that with a little bit of push, they can move past a seeming dead end and reach business success. I hope that is true in my case.

Federal Reserve, Bloomberg Lawsuit: Court Rules Fed Must Reveal Details Of Secret Bank Bailout | David Glovin and Bob Van Voris | Posted 05.25.2011 | Business

March 19 (Bloomberg) -- The Federal Reserve Board must disclose documents identifying financial firms that might have collapsed without the largest ev...

Shahien Nasiripour

Obama's Reported Picks For Federal Reserve Praised By Economists | Shahien Nasiripour | Posted 05.25.2011 | Business

Economists are cheering the Obama administration's rumored picks for the Federal Reserve, noting that the two economists and the bank regulator report...

Taking a Stand Against Hate: Hotels Bar American Renaissance

Fred Redmond | Posted 05.25.2011 | Business
Fred Redmond

Refusing to provide a forum for hate is not a denial of First Amendment free speech rights.

Bonuses 2009: Why US Banks Deserve the Taxation Prepared by Obama

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

Instead of trying to come up with a constructive solutio, the banks failed to accept that their exceptional earnings did not come to them.

Geithner Testimony: New "Too Big To Fail" Legislation Won't Lead To More Bailouts

AP | JIM KUHNHENN and ANNE FLAHERTY | Posted 05.25.2011 | Business

WASHINGTON — An Obama administration plan to dissolve large, struggling financial firms rather than bail them out is encountering Republican res...

The Fed Shuts Down Geithner's Request To Review Its Operations | Craig Torres and Robert Schmidt | Posted 05.25.2011 | Business

Sept. 21 (Bloomberg) -- The Federal Reserve Board has rejected a request by U.S. Treasury Secretary Timothy Geithner for a public review of the centra...

Change FICO Credit Scoring to Stimulate Economy and Address Housing and Banking Crisis

Ronald B. Robinson | Posted 05.25.2011 | Business
Ronald B. Robinson

Republicans are proposing a 4% home mortgage Ponzi scheme that's the modern day version of "40 acres and a mule." It's every bit the false promise that dashed the hopes of ex-slaves after the Civil War.