Federal reserve

  • April 7, 2010    

    Former Federal Reserve Chairman Alan Greenspan appeared before a congressional committee investigating the causes of the financial crisis on Wednesday. His message: The Federal Reserve is not to blame for the meltdown. In more than two hours of testimony, Greenspan … Continue reading

  • March 17, 2010  

    In other news Wednesday, a jobs bill passed the Senate with some bipartisan support and a new economic report indicates that wholesale prices plunged in February because a big drop in energy prices offset higher food costs. Continue reading

  • March 16, 2010  

    The Senate Banking Committee is considering a new plan for regulating large banks and financial firms and the amount of risk they assume. Judy Woodruff talks to the committee’s top Republican, Sen. Richard Shelby of Alabama, about why Republicans want more time to consider the proposal. Continue reading

  • March 16, 2010  

    In other news Tuesday, the Federal Reserve kept interest rates low and gave an optimistic view of the economy and Honda launched a recall on several vehicle models because of brake problems. Continue reading

  • March 15, 2010  

    Sen. Chris Dodd, D-Conn., chairman of the Senate Banking Committee, has unveiled a plan to regulate banks and large firms and limit the amount of risk they can assume after the financial crisis. In a newsmaker interview, Judy Woodruff talks to Dodd about his sweeping plans for reform and why he says he’s standing alone. Continue reading

  • March 12, 2010    

    Ben Bernanke may soon have a new No. 2 at the Federal Reserve. President Obama is expected to nominate Janet Yellen, president of the Federal Reserve Bank of San Francisco, to serve as the central bank’s vice chairwoman, according to … Continue reading

  • March 12, 2010  

    Retail sales increased in February, despite major snowstorms in the eastern United States and consistently high unemployment. Judy Woodruff talks to an economist about whether recovery could soon follow. Continue reading

  • March 12, 2010  

    As part of his continuing series of reports making sense of business and the economy, Paul Solman talks to MIT finance professor Andrew Lo about why he’s asking Congress to keep investigating the financial crisis. Continue reading

  • February 24, 2010    

    Federal Reserve Chairman Ben Bernanke told lawmakers Wednesday that though the economy is in recovery, the central bank will keep interest rates at record-low levels to stave off a return to recession. Bernanke’s appearance before the House Financial Services Committee … Continue reading

  • February 18, 2010   BY  

    In its first step to unwind emergency measures put in place during the height of the financial crisis, the Federal Reserve announced late Thursday it was raising the rate it charges banks on emergency loans.