Federal Reserve Bank News

Photo by MICHEL FORTIER Buy this photo>> The former Orion Bank, taken on December 1, 2009, after the FDIC took over the allegedly mismanaged bank.

European stocks fell for the first time in six days as the Federal Reserve signaled it will remove most emergency measures and Standard & Poor's cut its rating for Greece.

The Federal Reserve stood pat on the key points of monetary policy following its meeting Wednesday, pointing to the reluctance of businesses to hire workers as a main reason to hold rates at ultra-low levels.

The dollar strengthened, climbing to a three-month high against the euro after the Federal Reserve said the U.S. economy is improving.

The Federal Reserve is edging away from massive interventions to prop up the US economy, but a pledge to stick with record-low interest rates shows lingering concerns over the recovery, analysts said.

Federal Reserve Chairman Ben Bernanke was named Person of the Year by Time magazine on Wednesday, giving him a high-profile boost as he tries to fend off proposals that might weaken the Fed's independence.

The Federal Reserve System, or the Fed, is responsible for managing the country's banks, and by extension, how Americans can spend their money.

A Valencia woman is in federal prison without bail after she allegedly scammed millions of dollars out of people to whom she promised loans, prosecutors said.

A Valencia woman has been arrested and accused of pocketing about $2 million in a loan scheme.

Ayn Rand is back. In the wake of the 2008 financial crisis, the long-dead novelist and philosopher has become prophet and a scapegoat.

Federal Reserve blunders before the financial crisis have damaged its image, but the central bank remains the logical regulator of banks, market experts said at the Reuters Investment 2010 Outlook Summit.

She writes: "Bank income from debit card overdraft fees is variously estimated as $25 billion to $38 billion annually.

The U.S. Congress wants to ride herd over the Federal Reserve. It wants the power to scrutinize the Feda s interest-rate decisions.

To prevent another devastating financial crisis, the Federal Reserve is going to have to learn how to identify and deflate asset bubbles before they can destabilize the economy, New York Federal Reserve Bank President Bill Dudley said Monday.

FILE - Ben Bernanke, chairman of the Federal Reserve Bank, speaks at a meeting of The Economic Club... FILE - Ben Bernanke, chairman of the Federal Reserve Bank, speaks at a meeting of The Economic Club of New York, Monday, Nov.

The U.S. Federal Reserve is one unloved central bank. It stands accused of inflating a bubble, then bailing out Wall Street while ignoring the little guys on Main Street.

As I define it, qualitative easing. If the Fed were pursuing a quantitative easing policy, its balance sheet would be growing at an unusually high rate.

The Fed was established to stabilize the economy, smooth out the business cycle, manage a healthy, sustainable growth rate, and maintain stable prices.

Federal Reserve Chairman Ben Bernanke vowed before taking office to follow in the footsteps of his storied predecessor, Alan Greenspan, but he will likely distance himself from the past as he seeks a second term.

The New York Federal Reserve Bank said it will in coming weeks test an exit strategy from its portfolio of more than $1trn of mortgage-backed and agency debt securities.