In her first 100 days, Federal Reserve Chair Janet Yellen has emphasized the central bank’s full-employment goal, stressing the need for progress on the broadest measures of joblessness, including the number of people out of work long-term and those who can find only part-time positions.
Read More »Fed would need to reveal more on bank oversight under bill
The bill would require the Fed to perform a cost-benefit analysis of any new banking rule and disclose more about bank stress tests.
Tagged with: Federal Reserve
Read More »Bernanke may need to ramp up Fed’s asset purchases
Chairman Ben S. Bernanke and Federal Reserve policymakers may have to ramp up their purchases of mortgage securities and other assets after the economy and job market deteriorated further since they last met. The Federal Open Market Committee, which gathered ...
Tagged with: Ben Bernanke Federal Reserve mortgage securities
Read More »Fed wants ‘comprehensive’ plan to cleanse banks of bad assets
The Federal Reserve’s top two officials urged a new effort to address the toxic assets held by financial companies, warning that they threaten to prevent banks from resuming lending to households and companies. Chairman Ben S. Bernanke and Vice Chairman ...
Tagged with: banks Barney Frank Ben Bernanke Donald Kohn Federal Reserve Paul Miller toxic assets
Read More »Bernanke urges ‘strong measures’ to stabilize banks
Federal Reserve Chairman Ben S. Bernanke warned that a fiscal stimulus won’t be enough to spur an economic recovery and that the government may need to buy or guarantee banks’ tainted assets to revive growth. “Fiscal actions are unlikely to ...
Tagged with: Barack Obama Ben Bernanke Federal Reserve Janet Tavakoli stimulus TARP
Read More »Fed focuses on consumer, corporate loan rate spreads
Federal Reserve officials are focused on driving down the spreads between U.S. Treasury yields and consumer and corporate loans, after cutting the main interest rate to almost zero failed to revive lending. Credit costs for households and businesses haven’t followed ...
Tagged with: bank Barack Obama Federal Reserve Henry Paulson mortgage TARP Timothy Geithner U.S. Treasury Department
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