Federal Reserve Chairman Ben Bernanke says the central bank is prepared to take steps to rejuvenate the economy through the purchase of Treasury bonds but is wrestling with how big the program should be.
Bernanke also says the Fed could use its communications powers to prevent the United States... more »
WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke tells Congress the economic outlook remains "unusually uncertain," and the Fed is ready to take new steps to keep the recovery alive if the economy worsens.
The Fed chief, in prepared testimony to the Senate Banking Committee Wednesday, says record low... more »
Federal Reserve Chairman Ben Bernanke sees "no easy resolution" to restoring millions of jobs wiped out by the recession and strengthening the economy.
Bernanke says in prepared remarks that there has been some modest improvement in the labor market. But he also says the country continues to endure high... more »
The U.S. Securities and Exchange Commission has launched an investigation into Thursday's stock market plunge, a source familiar with the matter said Friday.
President Barack Obama said Friday that the regulatory authorities were looking into the stunning market gyrations Thursday and would report in their findings.
On Thursday,... more »
Disputes over consumer protections and how Congress should oversee the Federal Reserve loom as obstacles to the Senate's efforts to rein in Wall Street.
Republicans have offered a weaker alternative to consumer protection measures that are central to President Barack Obama's Wall Street regulation plan. And a bipartisan group... more »
Federal Reserve Chairman Ben Bernanke expressed concerns Wednesday about the economic recovery during a ceremonial swearing-in for another four-year term.
In brief remarks to staffers, Bernanke said that while the economy is growing, "far too many people remain unemployed, foreclosures continue at record rates and bank credit continues to... more »
A House committee probing bailout deals is demanding that the Federal Reserve Bank of New York turn over correspondence from Treasury Secretary Timothy Geithner and other officials. The House Oversight and Government Affairs Committee is looking into New York Fed decisions that funneled billions of dollars to big banks, including... more »
The Federal Reserve is proposing new rules to protect consumers from unexpected costs or restrictions on gift cards. The changes would give consumers at least five years to use gift cards before they expire. Also, service or inactivity fees would be permitted only under certain conditions. Fees could be charged... more »
The Food and Drug Administration is alerting doctors that a widely used blood thinner has been reformulated to improve its safety, though the change could open the door to dosing errors.
The FDA said Thursday new heparin vials scheduled to begin shipping next week will be 10 percent less... more »
The Census Bureau has suspended door-to-door interviews in rural Clay County, Kentucky, where one of its workers was found hanged with the word "fed" scrawled on his chest. The FBI is investigating whether anti-government sentiment played a roll in the death of Bill Sparkman. Attacking a federal worker during or... more »