Federal Reserve Bank News

The Federal Reserve Bank will continue setting America's fiscal policy behind closed doors with little to no oversight after an effort to open the books of the secretive institution was shot down today by Senate Democrats.

The Federal Reserve Bank of San Francisco said Tuesday it has placed tighter restrictions on Frontier Financial, the holding company of Frontier Bank in Everett.

THE OBAMA administration's plan to close the existing regulatory gap by using the Federal Reserve Bank as the main systemic-risk regulator is theoretically sound but a bad idea under existing Fed structure.

Federal Reserve Bank of San Francisco President Janet Yellen said the prospect that policy makers will leave the benchmark U.S. interest rate near zero for the next several years is a oenot outside the realm of possibility.a a oeWe have a very serious recession, we have a 9.4 percent unemployment rate,a and inflation possibly falling over time ...

Democratic and Republican members of the House Committee on Oversight and Governmental Reform showed little deference to the chairman of the Federal Reserve Board.

This realnews.com report is from June 24, 2009. Obama's plan won't rein in casino capitalism; finance must be democratized.

Fed To Remain OA Share In order to prevent the U.S economic recovery from being squashed, the Federal Reserve's monetary policy is expected to retain its overly accommodative stance for an extended period.

Federal Reserve building in Washington, D.C. The Federal Reserve Bank has managed through most of its history to reside in obscuritya 'little understood, rarely questioned, viewed as hovering above the political fray, the domain of technocrats and erudite economists.

Very accommodative Federal Reserve monetary policy will stay for an extended period and a premature exit from this strategy could thwart U.S. economic recovery, a top Fed official said on Tuesday.

The Bank for International Settlements said therea s a risk central banks will raise interest rates and withdraw emergency liquidity too late, triggering inflation.

AIG will slash its $80 billion taxpayer bailout by $25 billion after spinning off two of its life insurance businesses AIG will slash its $80 billion taxpayer bailout by $25 billion after spinning off two of its life insurance businesses.

Federal Reserve Chairman Ben Bernanke, facing his toughest grilling yet by U.S. lawmakers, said on Thursday he had never threatened to fire Bank of America's management if they pulled the plug on a planned merger with Merrill Lynch.

Of your job, home, and savings, which do you need to lose before you get upset? Upset enough to open your mind and consider that some unthinkable things may be going on in our government? How can $2 trillion plus be printed and given away without seriously weakening the dollar? Have the mainstream media and government schools taken you to the point ...

By Alan Fein New York - The US Department of Labor reported that unemployment benefit rolls for the week ending June 3, 2009 plunged by 148,000, the sharpest decline since November, 2001.

U.S. Federal Reserve Chairman Ben Bernanke must find a convincing way to explain why his central bank is in no hurry to raise interest rates even though the economy is stabilizing.

The Treasury Department has released a much-awaited blueprint to overhaul to the county's system of financial oversight.

The treasury secretary first urged lawmakers to act quickly, and then he encountered predictable, and understandable, resistance.

The Obama administration's regulatory reform plan calls for a review of the Federal Reserve System's structure, which the U.S. Treasury would then consider to propose possible changes, according to a document obtained by Reuters on Tuesday.

June 16, 2009 - Comments I opened this post to read hours ago and only got around to reading it now.A It was written by Andy Xie.

Comments COMMENTARY: The threat of politicization hangs over the Federal Reserve Board like the Sword of Damocles.