By Joseph Lawler | 12/06/13 01:59 PM
Federal Reserve Chairman Ben Bernanke in June outlined the planned scenario for bringing an end to quantitative easing. The Fed would begin reducing its monthly bond purchases from $85 billion "later this year," Bernanke said, and ultimately would phase out the program altogether to coincide...
By Joseph Lawler | 11/21/13 11:17 AM
Janet Yellen cleared a key hurdle to becoming the next chairman of the Federal Reserve on Thursday morning, receiving approval from the Senate Banking Committee. But Sen. Joe Manchin, D-W.Va., voted no, possibly complicating Yellen's bid for confirmation in the full Senate, which is...
By Joseph Lawler | 11/20/13 03:01 PM
Minutes from the Oct. 29-30 meeting of Federal Reserve officials indicate that they are considering a variety of ways to reduce the central bank's bond-buying program without withdrawing stimulus, including by cutting the rate the Fed offers on reserves.
By Joseph Lawler | 11/20/13 10:20 AM
Inflation slipped in October for the first time in months as falling gasoline prices pulled down overall consumer prices. The Labor Department reported Wednesday morning that the Consumer Price Index fell 0.1 percent in October, the first decline since April. Year-over-year inflation, as...
11/19/13 08:30 PM
WASHINGTON (AP) — Ben Bernanke offered a broad defense Tuesday of the Federal Reserve's policies under his leadership a little over two months before his eight-year tenure ends. Bernanke said the Great Recession made it essential for the Fed to become more publicly transparent so it could...
By Joseph Lawler | 11/19/13 08:12 PM
With only a few more public appearances left as chairman of the Federal Reserve, Ben Bernanke is trying to ensure that the stimulus he’s put in place comes to a smooth finish, whether on his watch or his successor's.
By Joseph Lawler | 11/18/13 07:35 PM
Monday was a day of successes for the digital payments system Bitcoin as its value soared and it gained a cautious green light from federal regulators. The price of a Bitcoin soared to nearly $680 after an afternoon hearing before the Senate homeland security committee focused on digital...
By Joseph Lawler | 11/18/13 09:24 AM
Congress will turn its attention to the digital currency Bitcoin this week just as its value explodes. The price of a Bitcoin in dollars has jumped from around $200 at the beginning of the month to near $600 now. Some observers thought that the fledgling cryptocurrency could be in trouble in...
By Joseph Lawler | 11/14/13 07:27 PM
A report from the Government Accountability Office released Thursday finds that the Federal Reserve offered banks bailout loans at below-market interest rates during the crisis, and that the central bank hasn't moved to finalize the regulations it is required to implement to avoid such bailouts...
By Joseph Lawler | 11/14/13 01:20 PM
With the rest of Washington focused on a health care speech from President Obama, Janet Yellen appeared before the Senate Banking Committee Thursday morning for a hearing on her nomination to be Federal Reserve chairman.
By Byron York | 12/08/13
By Richard Pollock | 12/06/13
By Timothy P. Carney | 12/07/13
By Philip Klein | 12/05/13
By Timothy P. Carney | 11/26/13