BeltwayBlips - Latest Federal Reserve News Articles

Bernanke confirmation won't be pretty

Mon, 23 Nov 2009 13:13:59 +0000

Federal Reserve Chairman Ben Bernanke has a tough road ahead.

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Analysis: Fed under fire as public anger mounts (AP)

Mon, 23 Nov 2009 08:34:13 +0000

AP - Suddenly the Federal Reserve is everybody's punching bag.

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Payback Time: Wave of Debt Payments Facing U.S. Government

Mon, 23 Nov 2009 04:39:03 +0000

The ultralow interest rates the U.S. has been paying on its colossal debt may not last much longer as the government faces payment shock down the road.

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Congress is losing its patience with the Fed

Sun, 22 Nov 2009 19:01:23 +0000

Suddenly the Federal Reserve is everybody's punching bag.

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Analysis: Fed under fire as public anger mounts (AP)

Sun, 22 Nov 2009 14:11:29 +0000

AP - Suddenly the Federal Reserve is everybody's punching bag.

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Political Economy: Hatin' on the Fed (CQPolitics.com)

Sat, 21 Nov 2009 20:24:32 +0000

CQPolitics.com - Andrew Jackson would assuredly be pleased at the rising congressional distrust of the Federal Reserve. The populist president, who won re-election in 1832 on a platform of abolishing the Second Bank of the United States, was an early hater of power concentrated in huge financial institutions.

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Senate announces Bernanke confirmation hearing (Reuters)

Fri, 20 Nov 2009 19:55:48 +0000

Reuters - The Senate Banking Committee will hold a confirmation hearing on Federal Reserve Chairman Ben Bernanke's nomination to a second term as chief of the U.S. central bank December 3, the panel said on Friday.

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Senate announces Bernanke confirmation hearing

Fri, 20 Nov 2009 19:55:48 +0000

WASHINGTON (Reuters) - The Senate Banking Committee will hold a confirmation hearing on Federal Reserve Chairman Ben Bernanke's nomination to a second term as chief of the U.S. central bank December 3, the panel said on Friday.

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House panel OKs plan to open Fed policy to audits

Fri, 20 Nov 2009 17:42:57 +0000

WASHINGTON (Reuters) - A U.S. congressional panel on Thursday approved a measure to open the Federal Reserve's monetary policy decisions to government audits, a surprise blow to the central bank's efforts to shield its independence and a signal of frustration with the central bank.

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Panel Votes to Broaden Oversight of the Fed

Fri, 20 Nov 2009 05:47:26 +0000

Rejecting warnings by the Obama administration, a committee approved a plan by Representative Ron Paul to carry out sweeping new audits of the central bank’s policy decisions and operations.

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House panel OKs plan to open Fed policy to audits

Fri, 20 Nov 2009 00:50:01 +0000

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House panel votes to audit Federal Reserve

Fri, 20 Nov 2009 00:28:37 +0000

A key House committee voted to assess upfront fees on large financial firms to pay for the failure of their peers and to require a congressional audit of the secretive Federal Reserve.

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Panel sets fees for big firms, aims to rein in Fed (AP)

Fri, 20 Nov 2009 00:21:53 +0000

AP - Taking aim at Wall Street and the nation's central bank, a key House committee voted Thursday to assess upfront fees on large financial firms to pay for the failure of their peers and to require a sweeping congressional audit of the secretive Federal Reserve.

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House panel approves Paul's Fed audit

Thu, 19 Nov 2009 22:41:58 +0000

They approve Ron Paul’s measure to expand the government’s power to audit the Federal Reserve.

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Panel Mulls Federal Reserve Audits

Thu, 19 Nov 2009 20:51:50 +0000

Members of the House Financial Services Committee struggled Thursday over how much authority U.S. government auditors should be given to monitor the Federal Reserve.

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Curbs on Regional Fed Chiefs Advance

Wed, 18 Nov 2009 05:14:49 +0000

A House committee approved an amendment that the panel's chairman said would curtail the powers of Federal Reserve regional bank presidents.

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Curbs on Regional Fed Chiefs Advance

Tue, 17 Nov 2009 19:42:34 +0000

A House committee approved an amendment that the panel's chairman said would curtail the powers of Federal Reserve regional bank presidents.

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House Ag committee blasts Obama financial proposal (AP)

Tue, 17 Nov 2009 16:23:13 +0000

AP - House Agriculture Committee members are blasting the Obama administration proposal to overhaul the financial system, saying it would give too much power to the Federal Reserve and change oversight of parts of the market unrelated to last year's meltdown.

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Federal Reserve Moves to Restrict Fees on Gift Cards

Tue, 17 Nov 2009 03:58:33 +0000

The move is the latest response by the Fed after it was accused of not taking a more active role in its duty to protect consumers.

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Bernanke Worries About Weak Dollar

Mon, 16 Nov 2009 19:53:28 +0000

The chairman of the Federal Reserve, Ben S. Bernanke, said the central bank would keep a close eye on the dollar but pledged to keep interest rates at record lows.

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Fed unveil new rules on gift cards

Mon, 16 Nov 2009 16:00:42 +0000

Washington (CNN) - The Federal Reserve is stepping up its effort to protect consumers' credit. The latest move? Today it proposed new rules for limiting fees and extending the expiration date for many gift cards. Under the new rules a gift card could not expire in less than five years. And the issuer couldn't charge more than one fee a month if you don't use the card – and that would apply only if you hadn't used the gift card for a year. "The rules would protect consumers from certain unexpected costs and would require that gift card terms and conditions be clearly stated," the Federal Reserve said in a statement announcing the move. Don't get too excited – this rule wouldn't go into effect until the middle of next year, and companies have 30 days to submit their comments and try to alter the rule. Bottom line: it won't apply to this year's holiday purchases. This latest announcement comes as the Fed squares off with senators considering legislation that would effectively strip ...

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Fed's Hoenig says significant weakness in economy

Mon, 16 Nov 2009 07:22:20 +0000

ABU DHABI (Reuters) - A Federal Reserve official said on Monday that the U.S. economy still faced "significant weaknesses" and urged policymakers to allow large financial institutions to fail if needed.

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Dodd Plan Criticized by White House

Fri, 13 Nov 2009 20:36:10 +0000

Senior Obama administration officials criticized a key provision in a new Senate plan to overhaul financial regulation, warning that stripping bank regulatory powers away from the Federal Reserve would be a huge mistake.

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Obama administration faults Senate bank bill

Fri, 13 Nov 2009 19:36:55 +0000

WASHINGTON (Reuters) - The Obama administration on Friday pushed back against a proposal in the U.S. Senate to create a single bank super-regulator and strip the Federal Reserve of its supervisory powers.

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Obama administration faults Senate bank bill (Reuters)

Fri, 13 Nov 2009 19:32:22 +0000

Reuters - The Obama administration on Friday pushed back against a proposal in the U.S. Senate to create a single bank super-regulator and strip the Federal Reserve of its supervisory powers.

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Rep. Paul laments 'pseudo' Fed audit proposal

Fri, 13 Nov 2009 16:17:28 +0000

A long-standing U.S. congressional critic of the Federal Reserve said on Friday his proposal to audit the U.S. central bank's monetary policy, an initiative strenuously opposed by the Fed, has been defanged in financial reform legislation in the House of Representatives.

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Rep Paul: Fed audit in rules reform "pseudo" (Reuters)

Fri, 13 Nov 2009 15:03:05 +0000

Reuters - A long-standing U.S. congressional critic of the Federal Reserve said on Friday his proposal to audit the U.S. central bank's monetary policy, an initiative strenuously opposed by the Fed, has been defanged in financial reform legislation in the House of Representatives.

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Rep Paul: Fed audit in rules reform "pseudo"

Fri, 13 Nov 2009 15:03:05 +0000

WASHINGTON (Reuters) - A long-standing U.S. congressional critic of the Federal Reserve said on Friday his proposal to audit the U.S. central bank's monetary policy, an initiative strenuously opposed by the Fed, has been defanged in financial reform legislation in the House of Representatives.

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New Rules Would Restrict Overdraft Fees on Debit Cards

Fri, 13 Nov 2009 04:18:47 +0000

The Federal Reserve will prohibit issuers of debit cards from charging overdraft fees in many instances without the cardholder’s permission.

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Fed's in Congress' crosshairs, but many experts say hold fire (McClatchy Newspapers)

Thu, 12 Nov 2009 22:03:00 +0000

McClatchy Newspapers - WASHINGTON — Senate Banking Committee Chairman Christopher Dodd's sweeping new financial overhaul legislation, which proposes to strip the Federal Reserve of its authority to regulate banks, threatens the central bank's time-honored independence and its premier international standing, experts warn.

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Under Attack, Fed Chairman Studies Politics

Wed, 11 Nov 2009 04:27:42 +0000

As the Federal Reserve has come under scrutiny, Ben S. Bernanke, its chairman, is nurturing political ties as never before.

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