The Federal Reserve proposed new mortgage regulations Tuesday that would help protect home buyers from shady lending practices following losses suffered in the risky "subprime" home loan category. A Wall Street Journal reporter looks at the recent mortgage crisis and…
Question/Comment: Why all the focus on just Fed policy? I'm with Alan Greenspan on also looking at our fiscal policy. Just lowering interest rates without raising revenues could just lead to more inflation. Thank you. Paul Solman: What Robert is…
For the second time in two months, the Federal Reserve cut key interest rates Wednesday. A financial analyst describes what the Fed's decision may mean for the American economy.
In the first half of a two-part conversation, Jim Lehrer talks with former Federal Reserve Chairman Alan Greenspan about the recent actions of the Federal Reserve, the country's mortgage crunch and his new book, "The Age of Turbulence."…
President Bush announced a series of measures Friday intended to help ease the credit crunch caused by mortgage defaults, while Federal Reserve Chairman Ben Bernanke said he would monitor the situation.
The Dow Jones Industrial dropped 416 points today, the worst plunge since September 2001, after the Chinese market fell 9 percent. Jim Lehrer talks with an economics professor about the worldwide decline in stock prices.
In an effort to curb the growing rate of inflation, the Federal Reserve raised a key short-term rate to a five-year high of 5 percent and warned that future interest rate increases may be needed. Economics correspondent Paul Solman discusses…
By Admin, PBS NewsHour
Federal Reserve Chairman Alan Greenspan said Friday that trends toward trade protectionism and larger budget deficits pose risks to the flexibility and vitality of the U.S. economy.
By PBS NewsHour
Despite the current low interest rates, America's rising federal budget deficits are a major obstacle to long-term U.S. economic stability, Federal Reserve Chairman Alan Greenspan warned Thursday.
By PBS NewsHour
Federal Reserve Chairman Alan Greenspan urged Congress on Wednesday to consider trimming Social Security benefits as a way to tackle the nation's escalating budget, but President Bush later in the day said he opposed the idea.
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