New York Federal Reserve

Could We Expect Anything From the Pittsburgh Summit of the G-20?

Georges Ugeux | Posted 11.11.2009 | World


Georges Ugeux

Never was the G-20 intended to be anything else than a technical forum meeting twice a year. It has no power, no administration, let alone any authority.

Stephen Friedman, New York Fed Chair, Resigns

Reuters | Posted 06.07.2009 | Business


Stephen Friedman, chairman of the New York Federal Reserve's board of directors, resigned on Thursday amid questions about stock purchases in his form...

Geithner Missed Warning Signs As Crisis Loomed

ProPublica/Washington Post | by Jeff Gerth, ProPublica and Robert O'Harrow Jr., Washington Post | Posted 05.03.2009 | Business


In September 2005, Timothy Geithner made one of his most visible moves as a supervisor of the U.S. banking system. He summoned the nation's top financ...

Car sales, 2008; even worse than we thought

Steve Parker | Posted 02.06.2009 | Business


Steve Parker

Monday brought three conference calls, each about an hour, with executives from each of the Detroit Three announcing, dissecting and, most of all, spi...

New York Fed Enacts $500 Billion Plan To Drive Down Mortgage Rates

Financial Times | Saskia Scholtes | Posted 02.05.2009 | Business


The Federal Reserve Bank of New York on Monday said it had started its $500bn plan to drive down US mortgage rates by buying securities guaranteed by ...