Bond mutual funds in the U.S. posted record investor withdrawals of $80 billion this year as investors fled fixed income in anticipation that interest rates will rise further.

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The U.S. Federal Reserve asked that its rules on debit-card transaction fees and processing be left in place while it appeals a decision that they are illegal.

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The government argued that whatever Bernanke has to say is available from other sources, including Board of Governors meeting minutes and the depositions of lower-ranking officials.

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Elizabeth Duke submitted her letter of resignation to President Barack Obama and made no announcements about her future plans.

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Consumers may see “almost no effect” on the costs of credit cards and auto loans because those rates are linked to the target federal funds rate, which the central bank plans to keep near zero until 2015.

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The U.S. central bank has expanded its balance sheet to $3.41 trillion to foster a speedier economic recovery and affirmed its plan to keep buying $40 billion in mortgage bonds and $45 billion in Treasuries every month.

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The Federal Reserve must be prepared to prevent a surge in inflation that may be sparked by the stimulus policies implemented during the credit crisis, according to a Federal Reserve Bank of St. Louis report. “What’s needed is an effective ...

Tagged with: Federal Open Market Committee Federal Reserve inflation Kevin Kliesen stimulus

The Federal Reserve filed a notice it will appeal a judge’s order requiring the central bank to identify the companies that benefited from its emergency loans. The filing with the U.S. Court of Appeals in New York Wednesday was authorized ...

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In an effort to determine what went wrong and enshrine “never again” as their motto, central bankers are focusing on what they did, or didn’t do, in their role as regulators to aid and abet the financial crisis. The Federal ...

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Double-digit unemployment looms. The country is in a funk. The federal budget deficit is widening to an extent not seen in decades. This scenario isn’t new. It also describes the U.S. in 1982. Somehow, the 1980s and the 1990s turned ...

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Former U.S. bank regulators warned that lenders and supervisors may share less information with each other in day-to-day dealings after lawmakers released dozens of confidential Federal Reserve e-mails. “The regulatory process could be chilled or stifled because of a reluctance ...

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