28 Apr. Federal Reserve Chairman Ben Bernanke fielded questions from reporters for the first time ever after a policy meeting, taking another step toward increasing transparency at the central bank. The chairman addressed issues ranging from rising gas prices to the effect of the Japanese earthquake on the U.S. economy. He didn’t break much news [...]
09 Feb. Federal regulators on Tuesday took an expansive view of the types of companies that could be deemed essential enough to the financial system that they should be subjected to greater oversight. The Federal Reserve, in a 22-page proposal required by the Dodd-Frank financial legislation, outlined initial criteria for identifying ”systemically important financial institutions,” [...]
13 Dec. Ben S. Bernanke, the chairman of the Federal Reserve, has been attacked for failing to foresee the financial crisis, for bailing out Wall Street, and, most recently, for injecting an additional $600 billion into the banking system to give the slow recovery a boost. But Bernanke will face even more scrutiny in the [...]
20 Nov. Ben Bernanke, chairman of the US Federal Reserve, had the last word at the end of a tumultuous week in which the central bank took on its critics at home and abroad. In a speech at a European Central Bank conference at the grand Frankfurter Hof hotel in Germany’s financial capital, the Fed [...]
05 Nov. The US Federal Reserve’s decision to pump an extra $600bn into the economy has galvanized emerging market central banks into preparing defensive measures and sparked criticism from leading global economies. The Fed’s initiative, in response to rising concern about the weakness of the US economy, has fuelled fears of a sharp drop in [...]
04 Nov. By historical standards, it was a huge event. In terms of how markets reacted to it, the US Federal Reserve’s decision to buy $600bn of government bonds in the next eight months caused barely a ripple. Indeed, the latest round of stimulative US monetary policy, dubbed QE2, had been extremely well flagged. The [...]
01 Nov. This week’s meeting of the US Federal Reserve’s monetary policy committee will be one of the most important in decades as it prepares to launch a new round of quantitative easing. It will not be a “saving the world on a Sunday night” occasion like the meetings during the financial crisis, but that [...]
24 Jun. The Federal Reserve’s policy-making arm said on Wednesday that it had decided to keep short-term interest rates near zero for “an extended period,” citing challenges to economic growth, including the effect of new financial troubles abroad. The rate decision by the Federal Open Market Committee, announced at the end of its two-day meeting, [...]
20 Jun. US lawmakers reached a compromise to allow expanded audits of the Federal Reserve, part of an effort to shine light on the central bank’s emergency lending during the financial crisis while safeguarding its independence in setting monetary policy. In another marathon session to hash out differences over sweeping new financial regulations, members of [...]
17 Jun. Charles Plosser, president of the Philadelphia Fed, today gave a quite interesting speech on developing regulation to address too-big-to-fail financial institutions. He said: One of the persistent worries during this crisis has been that some of the largest financial institutions in the U.S. and Europe might be exposed to additional losses and that [...]