Federal Reserve Bank News

For the first time in history, the Federal Reserve Bank may be facing an audit. Yesterday, the House Finance Committee passed a bill that authorizes the Government Accountability Office to conduct a wide-ranging audit of the Fed's secretive deals with foreign central banks and major U.S. financial institutions.

Lakshman MenonA peeks intoA Too big to fail -- the inside story of how Wall Street and Washington fought to save the financial system and themselves -- written by award-winning business journalist, Andrew Ross Sorkin.

With the holiday season approaching and various charities deep into fundraising campaigns, what are your plans when it comes to donations? I'll give the same amount as last year.

November 20, 2009 - Comments The Federal Reserve, through its extensive network of consultants, visiting scholars, alumni and staff economists, so thoroughly dominates the field of economics that real criticism of the central bank has become a career liability for members of the profession, an investigation by the Huffington Post has found.

In an unprecedented defeat for the Federal Reserve, an amendment to audit the multi-trillion dollar institution was approved by the House Finance Committee with an overwhelming and bipartisan 43-26 vote on Thursday afternoon despite harried last-minute lobbying from top Fed officials and the surprise opposition of Chairman Barney Frank , who had ...

Representative Ron Paul, Republican of Texas, has tried for years to increase supervision of the Federal Reserve Bank.

U.S. Federal Reserve officials on Thursday said inflation is not an imminent threat and downplayed the consequences of the falling U.S. dollar.

The Federal Reserve's slow quarter-percentage point rate hikes of 2004 and 2005 "may weigh heavily" on central bankers pondering the next tightening cycle, said James Bullard, the president of the St.

A senior Federal Reserve official said on Wednesday the U.S. central bank may start tightening financial conditions by adjusting its extensive asset purchase programs rather than raising interest rates.

The U.S. Federal Reserve may rely principally on the largely untested monetary policy tool of paying interest on bank reserves when the time eventually comes to raise borrowing costs.

Top Federal Reserve officials on Tuesday struck differing notes on the likely pace of the U.S. economic recovery and one warned that pockets of weakness must not deter the central bank from withdrawing its extraordinary economic support.

Federal Reserve Chairman Ben Bernanke on Monday said the central bank will monitor the sliding U.S. dollar but pledged anew to keep interest rates at record lows to nurture the economic recovery.

Federal Reserve officials will have look though weak spots in the economy and start tightening monetary policy before economic growth becomes especially vigorous, said Jeffrey Lacker, the president of the Richmond Federal Reserve Bank on Tuesday.

Federal Reserve Chairman Ben Bernanke, in a rare comment on the U.S. dollar's value, on Monday acknowledged the currency's slump was raising some prices, but said other factors restraining inflation were winning the day.

Chris Dodd's proposal to reregulate Wall Street puts Obama's efforts to shame - but it doesn't go far enough, says Jeff Madrick.

Government Sachs had 119 trading days in the last two quarters that they made over $100 Million.

Unemployment likely will remain high for the next several years because the economic recovery won't be strong enough to spur robust hiring, Federal Reserve officials warned Tuesday.

Flexing newfound muscle as consumer protector, the Federal Reserve on Thursday banned overdraft fees on automated teller machine and debit card transactions unless consumers have actively opted for an overdraft protection service.

The U.S. economy is in "much better shape" but risks remain, although there is no near-term inflation threat, a top Federal Reserve official said on Thursday.

Close November 10, 2009, 3:00 PM ET By Phil Izzo A majority of 43 economists surveyed by The Wall Street Journal says Sen.