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Wednesday, April 1, 2020  Spokane, Washington  Est. May 19, 1883
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Stories tagged: federal reserve


Federal Reserve sees slightly better 2010 economy

Federal Reserve officials have a slightly brighter view of the economy than they did at the start of the year.


Senate OKs Federal Reserve audit

WASHINGTON – The Senate voted 96-0 Tuesday to authorize a congressional audit of the secretive Federal Reserve Board’s emergency aid program and full disclosure of who got the money, a …


Fed keeps rates at record lows; upbeat on economy

The Federal Reserve sounded a more confident note Wednesday that the economy is strengthening but pledged to hold rates at record lows to make sure it gains traction.


Taxpayers got even bigger windfall from Fed

Taxpayers got a record $47.4 billion last year from the Federal Reserve, new documents released Wednesday showed.


Bernanke confident on recovery; warns on deficit

Federal Reserve Chairman Ben Bernanke told Congress today that he has confidence the unfolding economic recovery will have staying power, although it won’t be strong enough to bring quick relief …


Fed holds rates at record lows to foster recovery

The Federal Reserve on Tuesday repeated its pledge to hold interest rates at record lows to foster the economic recovery and ease high unemployment.


Bernanke: Record-low rates still needed

Federal Reserve Chairman Ben Bernanke told Congress on Wednesday that record-low interest rates are still needed to ensure that the economic recovery will last and to help ease the sting …


Bernanke spells out Fed’s pullback strategy

WASHINGTON – A snowstorm Wednesday didn’t keep Federal Reserve Chairman Ben Bernanke from outlining how the central bank might pull back its unprecedented intervention in the U.S. economy. But how …


Fed rescue turns profit

WASHINGTON – In dual developments that underscored the complex reality of stressful financial times, the Federal Reserve said Tuesday that it returned to taxpayers a record $46 billion in profit …


Fed paid record $46.1B to Treasury last year

The Federal Reserve paid a record $46.1 billion in earnings to the Treasury Department last year, reflecting gains as the central bank bulked up its portfolio of securities to revive …


Fed chief backs power

WASHINGTON – Stronger regulation is the best way to prevent financial speculation from getting out of hand and throwing the economy into a new crisis, Federal Reserve Chairman Ben Bernanke …


Fed floats proposal to curb inflation

WASHINGTON – The Federal Reserve on Monday proposed allowing banks to set up the equivalent of certificates of deposit at the central bank, a move that would help the Fed …


Panel approves Bernanke

WASHINGTON – A Senate panel on Thursday approved the nomination of Federal Reserve Chairman Ben Bernanke to run the nation’s central bank for another four years. The Senate Banking Committee …


Fed holds rates at record low to fuel recovery

The Federal Reserve has decided to hold interest rates at a record low and pledged to keep them there for an “extended period” to keep the recovery going and drive …


Fed is expected to leave rates at record low

The Federal Reserve is expected to leave interest rates at a record low this week. The big question is whether Chairman Ben Bernanke and his colleagues will hint about when …


Senator puts block on keeping Bernanke

WASHINGTON – Sen. Bernard Sanders, I-Vt., said Wednesday that he will put a hold on the nomination of Federal Reserve Chairman Ben Bernanke for a second term, a step that …


Glum outlook on jobs

WASHINGTON – Top Federal Reserve officials expect unemployment to remain elevated for years to come, according to new projections released Tuesday, suggesting that the economic recovery will be too gradual …


Fed asserts protective role in banning fees on overdrafts

Flexing newfound muscle as consumer protector, the Federal Reserve on Thursday banned overdraft fees on automated teller machine and debit-card transactions unless consumers have actively opted for an overdraft protection …


Interest rates held steady

WASHINGTON – The Federal Reserve said Wednesday it was holding short-term interest rates at near zero and would probably make no change for the foreseeable future, despite a turnaround in …


Fed caught up in power play

WASHINGTON – The Federal Reserve has dramatically expanded its role in the economy over the past 18 months, and the Obama administration has proposed enhancing that authority as part of …


Fed slows mortgage plans

WASHINGTON – Signaling confidence in a recovery, the Federal Reserve decided Wednesday to stretch out the pace of a program intended to lower mortgage rates and prop up the housing …


Stocks end lower despite better view from Fed

NEW YORK — The stock market is encouraged by the Fed’s latest improved assessment of the economy, but not enough to propel the Dow Jones industrial average past 10,000.


Fed more hopeful on economy

The Federal Reserve delivered a vote of confidence in the economy Wednesday, saying it would slow the pace of an emergency rescue program as the recession appears to be ending.


Fed to revisit survey takers

WASHINGTON – The Federal Reserve is reaching out to Americans to get a more detailed picture of how the country’s economic debacles have affected household finances. The Fed, which made …


Enhanced role for Fed argued

WASHINGTON — Federal Reserve Chairman Ben Bernanke ran into skepticism Tuesday from lawmakers wary of expanding the Fed’s duties to police big financial companies. They argued that the Fed failed …


Fed says recession easing, inflation not a threat

The Federal Reserve signaled Wednesday that the weak economy likely will keep prices in check despite growing concerns that the trillions it’s pumping into the financial system will ignite inflation.


Fed likely to ease off, for now

WASHINGTON – With unemployment likely to hit double digits this year, the Federal Reserve must strike a reassuring message this week: that it stands ready to take further steps to …


Fed plan meets skepticism

WASHINGTON – President Barack Obama’s plan to increase the authority of the Federal Reserve is emerging as a major stumbling block to congressional approval of his overhaul of financial industry …


Plan extends Fed’s reach

WASHINGTON – The Obama administration wants to overhaul the country’s financial rule book by giving the Federal Reserve increased powers but, bowing to critics in Congress, is backing away from …


Fed says recession wiped out $1.3 trillion in personal wealth

WASHINGTON - The brute force of the recession earlier this year turned back the clock on Americans’ personal wealth to 2004 and wiped out a staggering $1.3 trillion as home …