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 | 12/05/13 11:26 AM
Treasury Secretary Jack Lew declared victory in ridding the financial system of banks that are too big to fail Thursday morning, following up on a promise he made earlier in the year to ensure that no banks remained in a position to receive taxpayer bailouts if they collapse. In a speech at...
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 11:47 AM
Sen. Bob Corker, R-Tenn., announced his support for Janet Yellen's candidacy for Federal Reserve chair Wednesday morning, likely ensuring that Yellen will have enough Senate votes to win confirmation. Corker's decision signals the beginning of the end of an unusually high-profile and...
11/19/13 07:15 PM
WASHINGTON (AP) — Janet Yellen says a "strong majority" of Federal Reserve officials think the Fed's low-interest-rate policies have supported a still-recovering U.S. economy. Responding to questions from members of the Senate Banking Committee, Yellen said the U.S. economy would likely be...
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...
11/18/13 09:22 AM
While payrolls have increased and firings slowed, four measures -- unemployment, labor force participation and rates on hiring and voluntary quits -- are still worse than at the start of the recession in December 2007.
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 | 12/09/13
By Byron York | 12/09/13
By Richard Pollock | 12/06/13