Dipity
WASHINGTON (AP) -- President Bush on Tuesday announced a $250 billion plan by the government to directly buy shares in the nation's leading banks, saying the drastic steps were "not intended to tak...
Oct. 14 (Bloomberg) -- The Bush administration will invest about $125 billion in nine of the biggest U.S. banks, including Citigroup Inc. and Goldman Sachs Group Inc., in the government's latest at...
WASHINGTON (AP) - Frantically trying to stop the bleeding on Wall Street, the Federal Reserve took a first-time step Tuesday to get cash directly to businesses and hinted that interest rates coul...
WASHINGTON (AP) -- Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson told Congress Thursday that new regulatory powers are needed to insulate the national economy from dama...
WASHINGTON (AP) -- The Federal Reserve was scrambling to prevent a "contagion" from infecting the nation's financial system when it took unprecedented actions to back a Bear Stearns rescue package ...
Press Release Federal Reserve Press Release Release Date: June 17, 2008 For release at 10:00 a.m. EDT On June 16, 2008, the Federal Reserve conducted an auction of $75 billion in 28-day credit th...
Press Release Federal Reserve Press Release Release Date: June 16, 2008 For release at 10:00 a.m. EDT On June 16, 2008, the Federal Reserve will offer $75 billion in 28-day credit through its Ter...
WASHINGTON (AP) -- Consumer prices pushed higher last month as increases in energy, food and airline tickets overwhelmed the biggest drop in clothing prices in nearly a decade. The Labor Departm...
WASHINGTON (AP) -- The construction of new homes plunged in March to the lowest level in 17 years, the Commerce Department reported Wednesday. Housing construction dropped by 11.9 percent to a s...
April 16 (Bloomberg) -- JPMorgan Chase & Co., the third- biggest U.S. bank, said the credit-market crisis is almost over after it reported a 50 percent drop in first-quarter profit on $5.1 billion...
WASHINGTON (Reuters) - JPMorgan Chase & Co (NYSE:JPM - News) chief executive Jamie Dimon said on Thursday that the bank would not have offered to buy Bear Stearns Cos (NYSE:BSC - News) if the Feder...
Testimony Chairman Ben S. Bernanke Developments in the financial markets Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate April 3, 2008 Chairman Dodd, Senator Shelby,...
Testimony Chairman Ben S. Bernanke The economic outlook Before the Joint Economic Committee, U.S. Congress April 2, 2008 Chairman Schumer, Vice Chairman Maloney, Representative Saxton, and o...
The US Treasury has revealed its blueprint for the biggest overhaul of regulation of the financial sector since the 1930s. Critics have said that the credit crunch and resultant market turmoil m...
Financial Services Policy Committee A Committee of the Conference of Presidents Federal Reserve System David Fettig FSPC Spokesman (612) 204-5274 david.fettig@mpls.frb.org For immediate rele...
Press Release Federal Reserve Press Release Release Date: March 28, 2008 For release at noon EDT The Federal Reserve will conduct two auctions of 28-day credit through its Term Auction Faci...
March 26 (Bloomberg) -- Treasury Secretary Henry Paulson said the Federal Reserve should broaden its oversight to include the Wall Street investment firms that are borrowing from the central bank a...
March 26 (Bloomberg) -- The top lawmakers on the Senate Finance Committee said they are reviewing the terms of the taxpayer-backed sale of Bear Stearns Cos. to JPMorgan Chase & Co.
March 25 (Bloomberg) -- Home prices in 20 U.S. metropolitan areas fell in January by the most on record, a sign the housing recession is deepening, a private survey showed today. The S&P/Case-S...
March 25 (Bloomberg) -- The cost of borrowing in dollars, euros and pounds for three months or less rose as efforts by policy makers to revive lending failed to stop banks from hoarding cash. T...
We may never know for sure whether the Federal Reserve's rescue of Bear Stearns averted a seizure of the $516 trillion derivatives system, the ultimate Chernobyl for global finance.
Though times are tough now, Americans believe the economy will bounce back by next year, according to a survey released Friday. A national CNN/Opinion Research Corp. poll found that 60% of respo...
Joint Press Release Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency Office of Thrift Supervision National Credi...
Press Release Federal Reserve Press Release Release Date: March 20, 2008 For immediate release The Federal Reserve Board on Thursday approved action by the Board of Directors of the Federal...
Press Release Federal Reserve Press Release Release Date: March 20, 2008 For immediate release The Federal Reserve Board announced Thursday that it will publish the annual revision to the G...
The Fed has given up its mandate to protect the dollar so it's time to do away with the Fed, says Jim Rogers in Singapore, on CNBC
March 19 (Bloomberg) -- Gold futures plunged the most since June 2006 after the Federal Reserve cut U.S. borrowing costs less than investors expected. Silver plunged 8 percent.
Press Release Federal Reserve Press Release Release Date: March 18, 2008 For immediate release The Federal Open Market Committee decided today to lower its target for the federal funds rate...
Press Release Federal Reserve Press Release Release Date: March 17, 2008 For immediate release The Federal Reserve Board on Monday approved actions by the Boards of Directors of the Federal...
Press Release Federal Reserve Press Release Release Date: March 16, 2008 For immediate release The Federal Reserve on Sunday announced two initiatives designed to bolster market liquidity a...
Press Release Federal Reserve Press Release Release Date: March 14, 2008 For immediate release The Federal Reserve is monitoring market developments closely and will continue to provide liq...
March 14 (Bloomberg) -- President George W. Bush said the U.S. economy is going through a difficult period but is resilient and will recover. ``Our economy obviously is going through a tough ti...
WASHINGTON (AP) -- The Federal Reserve said Friday that it has voted to endorse an arrangement to bolster troubled Bear Stearns Cos. and stands ready to provide extra resources to combat a serious ...
Federal reserve now lending to private companies.
NEW YORK (Reuters) - U.S. gold futures rallied to a record high of $1,000 an ounce on Thursday, fueled by a combination of a weakening dollar, strong investment demand and inflation fears due to ri...
TOKYO (AP) -- The dollar dipped below 100 yen for the first time in 12 years Thursday and hit record lows against the euro amid a growing consensus that synchronized efforts by central banks will n...
For immediate release March 13, 2008 A New $5 Bill Enters Circulation Today Enhanced Security Features Are Easy to Check The first new $5 bill was issued by the Federal Reserve today during ...
March 13 (Bloomberg) -- U.S. home foreclosure filings jumped 60 percent and bank repossessions more than doubled in February as rates on adjustable mortgages rose and property owners were unable to...
WASHINGTON (AP) -- The Federal Reserve on Tuesday announced it is ramping up efforts to provide more relief to cash-strapped financial institutions, a coordinated action with other central banks ai...
The Federal Reserve announced today an expansion of its securities lending program. Under this new Term Securities Lending Facility (TSLF), the Federal Reserve will lend up to $200 billion of Trea...
Speech Governor Randall S. Kroszner At the American Bankers Association Spring Summit Meeting, Washington, D.C March 11, 2008 The Importance of Fundamentals in Risk Management It is a plea...
Press Release Federal Reserve Press Release Release Date: March 11, 2008 For release at 10:00 a.m. EDT On March 10, 2008, the Federal Reserve conducted an auction of $50 billion in 28-day c...
Press Release Federal Reserve Press Release Release Date: March 10, 2008 For release at 10:00 a.m. EDT On March 10, 2008, the Federal Reserve will offer $50 billion in 28-day credit through...
Current tools to control money supply include: FOMC TAFS (new) RPs (new) Discount Rate Reserve Requirements Second, beginning today, the Federal Reserve will initiate a series of term re...
Release Date: March 7, 2008 For immediate release The Federal Reserve on Friday announced two initiatives to address heightened liquidity pressures in term funding markets. First, the amou...
March 6 (Reuters) - U.S. M-2 money supply rose by $33.1 billion in the Feb. 25 week to $7,630.3 billion, the Federal Reserve said on Thursday. The Fed said the four-week moving average of M-...
Home Foreclosures Hit Record High Thursday March 6, 10:06 am ET By Jeannine Aversa, AP Economics Writer Industry Group Says Home Foreclosures at Record High Last Quarter WASHINGTON (AP) -- Ho...
Oil prices hit a record $105.10 a barrel Thursday, a day after a surprise drop in U.S. crude supplies and a decision by OPEC not to boost production.
Gold prices surged to a record Wednesday, closing to within $5 of the $1,000 milestone, as a combination of record-high oil prices and the continued devaluation of the dollar brought buyers back in...
WASHINGTON (AP) -- The economy has weakened since the start of this year as shoppers turned even more cautious given the severe housing slump and painful credit crunch.
WASHINGTON (AP) -- Federal Reserve Chairman Ben Bernanke called Tuesday for additional action to prevent more distressed homeowners from falling into foreclosure.
Testimony Vice Chairman Donald L. Kohn Condition of the U.S. banking system Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate March 4, 2008 Chairman Dodd, Ranking Memb...
Speech Chairman Ben S. Bernanke At the Independent Community Bankers of America Annual Convention, Orlando, Florida March 4, 2008 Reducing Preventable Mortgage Foreclosures Over the past y...
Speech Governor Randall S. Kroszner At the Institute of International Bankers Annual Washington Conference, Washington, D.C. March 3, 2008 Liquidity-Risk Management in the Business of Banking...
Speech Governor Frederic S. Mishkin At the U.S. Monetary Policy Forum, New York, New York February 29, 2008 On "Leveraged Losses: Lessons from the Mortgage Meltdown" The paper being discus...
Once again ..... Press Release Federal Reserve Press Release Release Date: February 29, 2008 For release at noon EST The Federal Reserve will conduct two auctions of 28-day credit throug...
the central bank has held six auctions so far, two each in December, January and February, providing $160 billion in extra reserves through short-term loans to cash-strapped banks. ....plus $60 ...
WASHINGTON (AP) -- Treasury Secretary Henry Paulson said Thursday that various proposals being put forward to deal with the housing slump would do more harm than good.
WASHINGTON (AP) -- Freddie Mac on Thursday said its loss widened to $2.5 billion in the fourth quarter of 2007 as mortgage defaults mounted and falling interest rates hurt certain investments.
WASHINGTON (AP) -- Federal Reserve Chairman Ben Bernanke told Congress Thursday that the nation isn't "anywhere near" the dangerous stagflation situation of the 1970s.
WASHINGTON (AP) -- The economy skidded to a near halt in the final quarter of last year, clobbered by dual slumps in housing and credit that caused people and businesses to spend and invest more sp...
WASHINGTON -- The Federal Deposit Insurance Corp. is taking steps to brace for an increase in failed financial institutions as the nation's housing and credit markets continue to worsen.
WASHINGTON (AP) -- The federal regulator for Fannie Mae and Freddie Mac said Wednesday it would lift restrictions later this week on the amount of mortgages the government-sponsored companies can h...
WASHINGTON (AP) -- Fannie Mae on Wednesday said it lost nearly $3.6 billion in the fourth quarter of 2007 as home-loan delinquencies mounted and the company preserved cash in anticipation of furthe...
From the front page: "The U.S. Department of Commerce’s Economics and Statistics Administration (ESA) has decided to continue the economicindicators.gov website. Featuring the economic releases...
Testimony Chairman Ben S. Bernanke Semiannual Monetary Policy Report to the Congress Before the Committee on Financial Services, U.S. House of Representatives February 27, 2008 Chairman Fran...
Feb. 27 (Bloomberg) -- Gold rose to records in London and New York and silver gained to a 27-year high as the dollar's all- time low spurred demand for precious metals as a hedge against inflation....
Speech Governor Frederic S. Mishkin At the Third National Summit on Economic and Financial Literacy, Washington, D.C. February 27, 2008 The Importance of Economic Education and Financial Lite...
http://youtube.com/watch?v=mkUc0k2ePhk
Feb. 27 (Bloomberg) -- The dollar fell below $1.51 per euro for the first time on mounting speculation a slumping economy will force Federal Reserve Chairman Ben S. Bernanke to cut interest rates t...
Press Release Federal Reserve Press Release Release Date: February 26, 2008 For release at 10:00 a.m. EST On February 25, 2008, the Federal Reserve conducted an auction of $30 billion in 28...
Press Release Federal Reserve Press Release Release Date: February 26, 2008 For immediate release The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings fro...
Press Release Federal Reserve Press Release Release Date: February 22, 2008 For release at 12:00 p.m. EST On February 25, 2008, the Federal Reserve will offer $30 billion in 28-day credit t...
KIRKSVILLE, Missouri (Reuters) - The economy will probably avoid a recession but inflation is also a risk and the Federal Reserve must not ignore this threat as it battles weak growth, one of the F...
Speech Governor Frederic S. Mishkin At the Tuck Global Capital Markets Conference, Tuck School of Business, Dartmouth College, Hanover, New Hampshire February 15, 2008 The Federal Reserve's T...
AP Bernanke Says Economic Outlook Is Worse Thursday February 14, 11:23 am ET By Jeannine Aversa, AP Economics Writer Fed Chairman Bernanke Says Nation's Business Prospects Have Deteriorated ...
Testimony Patrick M. Parkinson, Deputy Director, Division of Research and Statistics Bond insurance Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, Committee o...
Testimony Chairman Ben S. Bernanke The economy and financial markets Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate February 14, 2008 Chairman Dodd, Senator Shelby,...
Testimony Sandra F. Braunstein, Director, Division of Consumer and Community Affairs The Community Reinvestment Act Before the Committee on Financial Services, U.S. House of Representatives Fe...
AP US Announces Plan to Delay Foreclosures Tuesday February 12, 5:01 pm ET By Martin Crutsinger, AP Economics Writer Administration Announces Program to Help Homeowners Threatened With Foreclo...
Press Release Federal Reserve Press Release Release Date: February 12, 2008 For release at 10:00 a.m. EST On February 11, 2008, the Federal Reserve conducted an auction of $30 billion in 28...
AP Bush: Economy Is Sound for Long Term Monday February 11, 1:42 pm ET Bush to Give Congress Fresh Economic Assessment WASHINGTON (AP) -- President Bush says the economy is structurally soun...
Press Release Federal Reserve Press Release Release Date: February 8, 2008 For release at 12:00 p.m. EST On February 11, 2008, the Federal Reserve will offer $30 billion in 28-day credit th...
Press Release Federal Reserve Press Release Release Date: February 7, 2008 For immediate release The Federal Reserve Board on Thursday requested public comment on proposed changes to Regula...
Ron Paul Lectures Bernanke: U.S. Moving Towards Fascism Joint Economic Committee 4-2-2008
Speech Governor Randall S. Kroszner At the American Securitization Forum 2008 Conference, Las Vegas, Nevada Governor Kroszner presented identical remarks at the Women in Housing and Finance Subp...
Release Date: February 1, 2008 For release at 10:00 a.m. EST The Federal Reserve will conduct two auctions of 28-day credit through its Term Auction Facility (TAF) in February. It will offer $3...
Release Date: January 25, 2008 For immediate release On January 28, 2008, the Federal Reserve will offer $30 billion in 28-day credit through its Term Auction Facility. Additional information ...
After fears of recession the election has shifted its main focus from the war to the economy. Although marginalized by big media and wall street, many videos surfacing around the internet express...
Release Date: January 24, 2008 For immediate release The Federal Reserve Board on Thursday approved actions by the Boards of Directors of the Federal Reserve Banks of Atlanta and Kansas City, d...
Release Date: January 22, 2008 For immediate release The Federal Open Market Committee has decided to lower its target for the federal funds rate 75 basis points to 3-1/2 percent. The Commit...
Testimony Chairman Ben S. Bernanke The economic outlook Before the Committee on the Budget, U.S. House of Representatives January 17, 2008 Chairman Spratt, Representative Ryan, and other mem...
Release Date: January 15, 2008 For release at 10:00 a.m. EST On January 14, 2008, the Federal Reserve conducted an auction of $30 billion in 28-day credit through its Term Auction Facility. Fol...
Release Date: January 11, 2008 For release at 12:00 p.m. EST On January 14, 2008, the Federal Reserve will offer $30 billion in 28-day credit through its Term Auction Facility. Additional info...
Speech Chairman Ben S. Bernanke At the Women in Housing and Finance and Exchequer Club Joint Luncheon, Washington, D.C. January 10, 2008 Financial Markets, the Economic Outlook, and Monetary ...
Speech Vice Chairman Donald L. Kohn At the National Association for Business Economics Session, Allied Social Science Associations Annual Meeting, New Orleans, Louisiana January 5, 2008 Recen...
Speech Vice Chairman Donald L. Kohn At the American Economic Association Session, Allied Social Science Associations Annual Meeting, New Orleans, Louisiana January 4, 2008 Expertise and Macro...
Release Date: January 4, 2008 For immediate release The Federal Reserve will conduct two auctions of 28-day credit through its Term Auction Facility (TAF) in January. It will offer $30 billion...
Press Release Federal Reserve Press Release Release Date: January 2, 2008 For release at 2:00 p.m. EST The Federal Reserve Board and the Federal Open Market Committee on Wednesday released ...
Press Release Federal Reserve Press Release Release Date: December 21, 2007 For release at 10:00 a.m. EST On December 20, 2007, the Federal Reserve conducted an auction of $20 billion in 35...
Press Release Federal Reserve Press Release Release Date: December 21, 2007 For immediate release The Federal Reserve intends to conduct biweekly Term Auction Facility (TAF) auctions for as...
Press Release Federal Reserve Press Release Release Date: December 19, 2007 For release at 12:00 p.m. EST On December 20, 2007, the Federal Reserve will offer $20 billion in 35-day credit t...
Press Release Federal Reserve Press Release Release Date: December 19, 2007 For release at 10:00 a.m. EST On December 17, 2007, the Federal Reserve conducted an auction of $20 billion in 28...
Press Release Federal Reserve Press Release Release Date: December 14, 2007 For release at 12:00 p.m. EST On December 17, 2007, the Federal Reserve will offer $20 billion in 28-day credit t...
Press Release Federal Reserve Press Release Release Date: December 13, 2007 For immediate release The Federal Reserve Board on Thursday approved an action by the Board of Directors of the F...
Release Date: December 12, 2007 For immediate release Today, the Bank of Canada, the Bank of England, the European Central Bank, the Federal Reserve, and the Swiss National Bank are announcing ...
Press Release Federal Reserve Press Release Release Date: December 12, 2007 For immediate release The Federal Reserve Board on Wednesday approved actions by the Boards of Directors of the F...
Release Date: December 11, 2007 For immediate release The Federal Open Market Committee decided today to lower its target for the federal funds rate 25 basis points to 4-1/4 percent. Incomin...
Press Release Federal Reserve Press Release Release Date: December 11, 2007 For immediate release The Federal Open Market Committee decided today to lower its target for the federal funds r...
Press Release Federal Reserve Press Release Release Date: November 27, 2007 For release at 2:00 p.m. EST The Federal Reserve Board on Tuesday released the minutes of its discount rate meeti...
Press Release Federal Reserve Press Release Release Date: November 20, 2007 For release at 2:00 p.m. EST The Federal Reserve Board and the Federal Open Market Committee on Tuesday released ...
Press Release Federal Reserve Press Release Release Date: November 14, 2007 For release at 9:10 a.m. EST The Federal Open Market Committee (FOMC) announced on Wednesday that, as part of its...
Press Release Federal Reserve Press Release Release Date: November 1, 2007 For immediate release The Federal Reserve Board on Thursday approved actions by the Boards of Directors of the Fed...
Press Release Federal Reserve Press Release Release Date: October 31, 2007 For immediate release The Federal Open Market Committee decided today to lower its target for the federal funds ra...
Press Release Federal Reserve Press Release Release Date: October 31, 2007 For immediate release The Federal Open Market Committee decided today to lower its target for the federal funds ra...
Press Release Federal Reserve Press Release Release Date: October 16, 2007 For release at 2:00 p.m. EDT The Federal Reserve Board on Tuesday released the minutes of its discount rate meetin...
Press Release Federal Reserve Press Release Release Date: October 9, 2007 For release at 2:00 p.m. EDT The Federal Reserve Board and the Federal Open Market Committee on Tuesday released th...
Release Date: September 20, 2007 For immediate release The Federal Reserve Board on Thursday approved actions by the Boards of Directors of the Federal Reserve Banks of Philadelphia and Chicago...
Press Release Federal Reserve Press Release Release Date: September 19, 2007 For immediate release The Federal Reserve Board on Wednesday approved actions by the Boards of Directors of the ...
Press Release Federal Reserve Press Release Release Date: September 18, 2007 For immediate release The Federal Open Market Committee decided today to lower its target for the federal funds ...
Press Release Federal Reserve Press Release Release Date: September 4, 2007 For release at 2:00 p.m. EDT The Federal Reserve Board on Tuesday released the minutes of its discount rate meet...
Press Release Federal Reserve Press Release Release Date: August 28, 2007 For release at 2:00 p.m. EDT The Federal Reserve Board and the Federal Open Market Committee on Tuesday released th...
Press Release Federal Reserve Press Release Release Date: August 17, 2007 For immediate release To promote the restoration of orderly conditions in financial markets, the Federal Reserve Bo...
Press Release Federal Reserve Press Release Release Date: August 17, 2007 For immediate release The Federal Reserve Board on Friday approved actions by the Boards of Directors of the Federa...
Press Release Federal Reserve Press Release Release Date: August 17, 2007 For immediate release Financial market conditions have deteriorated, and tighter credit conditions and increased un...
Press Release Federal Reserve Press Release Release Date: August 10, 2007 For immediate release The Federal Reserve is providing liquidity to facilitate the orderly functioning of financial...
Release Date: August 7, 2007 For immediate release The Federal Open Market Committee decided today to keep its target for the federal funds rate at 5-1/4 percent. Economic growth was moderat...
Press Release Federal Reserve Press Release Release Date: July 24, 2007 The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings for May 21 and June 25, 2007. ...
Press Release Federal Reserve Press Release Release Date: July 19, 2007 For release at 2:00 p.m. EDT The Federal Reserve Board and the Federal Open Market Committee on Thursday released the...
Release Date: June 28, 2007 For immediate release The Federal Open Market Committee decided today to keep its target for the federal funds rate at 5-1/4 percent. Economic growth appears to h...
Press Release Federal Reserve Press Release Release Date: June 5, 2007 For immediate release The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings for Apri...
Release Date: June 1, 2007 For immediate release The Federal Open Market Committee on Friday announced its tentative meeting schedule for 2008: January 29-30 (Tuesday-Wednesday) ...
Press Release Federal Reserve Press Release Release Date: May 30, 2007 For release at 2:00 p.m. EDT The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the...
Press Release Federal Reserve Press Release Release Date: May 9, 2007 For immediate release The Federal Open Market Committee decided today to keep its target for the federal funds rate at ...
