WASHINGTON (AP) — Federal Reserve policymakers appear less inclined to take further action to stimulate the economy. (more)
This week marks the conclusion of Federal Reserve Chairman Ben Bernanke’s four-part lecture series on how the central bank “saved the economy” to undergraduate students at the George Washington University School of Business. (more)
The text of a new Bernanke speech on the state of the labor market just hit. (more)
I didn’t want to let the latest cockamamie Fed idea for “sterilized” bond buying pass without a comment. A Wall Street Journal story explained that somehow the Fed will buy more long-term bonds, print new money, and then borrow the money back so it doesn’t cause inflation. It’s all a lot of hooey. Typical Fed tinkering. They can’t seem to help themselves. The dollar has already fallen about 1 percent since this story broke. Gold has jumped. (more)
Recent decisions by the Federal Reserve, intended to keep interest rates low, will hurt taxpayers in the future, according to Duquesne University economist Antony Davies. (more)
Federal Reserve Chairman Ben Bernanke warned Congress Wednesday it risked taking the nation over a “massive fiscal cliff” at the end of the year. (more)
He gave remarks to Congress today as the first of a two-part testimony generally known as Humphrey-Hawkins (from the act that mandated it). (more)
Out on the campaign trail, Fed head Ben Bernanke is an unpopular guy. (more)
White House spokesman Jay Carney said Wednesday that President Obama has no opinion on Federal Reserve Chairman Ben Bernanke’s assessment that not having a budget creates uncertainty and could damage the economy. (more)
In his new testimony, Ben Bernanke basically endorses the “US-could-be-Greece” line. (more)
NEW YORK (AP) — The Federal Reserve on Tuesday said the largest U.S. banks and financial companies should hold extra cash on their balance sheets to cushion themselves against financial crises. (more)
WASHINGTON (MarketWatch) — Federal Reserve Board Chairman Ben Bernanke denied Tuesday that he had hidden the true size of the bank’s emergency lending to Wall Street from Congress and the American people. (more)
WASHINGTON (AP) — A town hall meeting with Ben Bernanke and a group of military families discussing family finances wouldn’t normally draw much notice. (more)
Federal Reserve Chairman Ben Bernanke claims to be a student of the policy failures that deepened and prolonged the Great Depression. Yet, as he pushes forward with one failed stimulus after another, he seems to ignore the lessons of history — hoping, perhaps, that this time the story will end differently. (more)
WASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke says the economic recovery “is close to faltering” and the central bank is prepared to take further steps to support it. (more)
Operation Twist doesn’t give consumers much to shout about. (more)
NEW YORK (AP) — The Federal Reserve is making its third try at stimulating the economy in less than three years. Since its last attempt ended in June, the economy has been slowing. And stocks have been falling as investors feared that the country was heading for another recession. (more)
WASHINGTON (AP) — The Federal Reserve says it will sell $400 billion of its shorter-term securities to buy longer-term holdings, its latest effort to boost a weak economy. (more)
WASHINGTON (AP) — The Federal Reserve is running out of options to try to boost a slumping economy and lower unemployment. So policymakers are expected to reach 50 years back into their playbook for their next move. (more)
NEW YORK (AP) — The last time the Federal Reserve came up with a big plan to help the economy, it totaled $600 billion and touched off a 28 percent rally in the stock market. (more)























