Federal Reserve Bank News

Tonight #OccupySF took to the Wet Streets to Protest Police Brutality and Corruption.

Ben Bernanke says declines in home prices have forced many Americans to cut back sharply on spending warns that the trend could continue to weigh on the economy for years.

It wasn't quite a QE III but it came close. This week, the Federal Reserve Bank extended the time period in which they would keep a lid on short-term interest rates to 2014 while at the same time pushing longer-term rates lower.

A federal judge sentenced a Kansas City man to 10 years in prison Thursday for selling bogus financial products.Denny Ray Hardin, 52, operated what he called “the Private Bank of Denny Ray Hardin” out of his home and created what he described as the “bonded promissory note.”An FBI agent testified Thursday that she found ... (more)

A senior economist with the Federal Reserve Bank of San Francisco will speak at CSU Channel Islands on Thursday morning.

The U.S. Federal Reserve announced last week that it will keep interest rates near zero in an effort to assist a stumbling U.S. economy.

Don't count on it. But it's anyone's guess how far the Fed will go in its mission to be more publicly open - beyond having the chairman hold now-quarterly news conferences and its latest gesture: forecasting where its members think interest rates are headed.

It wasn't quite a QE III but it came close. This week the Federal Reserve Bank extended the time period in which they would keep a lid on short-term interest rates to 2014 while at the same time pushing longer-term rates lower.

Yesterday, investors digested the big news from Wednesday... the Fed's announcement that it would continue handing out money, asking nothing in return, for the next three years.

View Photo Gallery - "Unlikely revolutionary":Since he was selected in 2005 to replace Alan Greenspan as chairman of the Federal Reserve, Bernanke has made bold, unprecedented moves in an attempt to bolster the U.S. economy.

Investors view the market much like a glass of water. They see it as either half full or half empty, depending on prevailing winds and their specific situations.

The U.S. central bank, in its first ever "longer-run goals and policy strategy" statement, said, however, it was not appropriate to adopt a fixed goal for employment because the level of unemployment that can be achieved without sparking inflation is not largely determined by monetary factors.

But it's anyone's guess how far the Fed will go in its mission to be more publicly open - beyond having the chairman hold now-quarterly news conferences and its latest gesture: forecasting where its members think interest rates are headed.

By the time this report is published, The Federal Reserve Board, through its Federal Open Market Committee will be winding up a two-day meeting to establish Fed policy moving forward.

Northern, WI 1/23/2012 -- Starting this week the Fed is going to open up to the markets as it never has before.

The recent release of the 2006 transcripts of the Federal Reserve's main policy-making body stimulated a small media frenzy.

The link takes you to an except of an article written by Russell Simmons & Dylan Ratigan for the Huffington Post.

Much has been made of the $78.9 billion profit that the U.S. Federal Reserve Bank made last year.

Saint Paul's Baptist Church pastor Lance Watson is leading the demonstration at Kanawha Plaza, across the street from the Federal Reserve Bank.

From 1987 until 2006, Alan Greenspan was the chairman of the United States Federal Reserve Board, which oversees the Federal Reserve Bank, a private corporation chartered in 1913 by Congress and President Woodrow Wilson to service the nation's banks.