Content Tagged As fed

4 years 8 months ago

Fed Chief says future uncertain, stocks drop

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...

4 years 10 months ago

SEC probing stock market plunge

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,...

4 years 10 months ago

Consumer rules, Fed audit next on Senate agenda

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...

5 years 1 month ago

Bernanke voices economic concerns as he's sworn in

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...

5 years 2 months ago

House subpoenas Geithner's AIG e-mails, phone logs

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...

5 years 4 months ago

Fed wants to crack down on gift card abuses

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...

5 years 5 months ago

Heparin's safety improved, FDA says

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...

5 years 6 months ago

Feds probe US Census worker hanging in Kentucky

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...

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