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Bernanke defends AIG bailout in federal court
Former Federal Reserve Chairman Ben Bernanke testified in federal court Thursday that insurance giant American International Group Inc. had to be rescued by the government in 2008 to avert global catastrophe.
Senate confirms Yellen to chair Federal Reserve
WASHINGTON — The Senate confirmed Janet Yellen on Monday as the first woman to lead the Federal Reserve, elevating an advocate of fighting unemployment and a backer of the central […]
Realities of Real Estate: Right said Fed
Over the past couple of columns, we’ve been reviewing the impact of rising mortgage rates, as well as the impetus for those rate increases. We recently explained how the Federal Reserve, led by Chairman Ben Bernanke, triggered a jump in mortgage rates by suggesting that the Feds might begin to tighten up on their easy money policies.
Fixed mortgage rates show another decline
Average U.S. rates on fixed mortgages declined this week amid signs the economic recovery is slowing. Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan […]
Home sales hit 6½-year high but could slow soon
WASHINGTON — U.S. home sales rose last month to the highest level since February 2007 as buyers rushed to close deals before mortgage rates increased further. Yet the gain could […]
Fed downgrades its outlook for U.S. economy
WASHINGTON — The Federal Reserve has a more downbeat outlook on the U.S. economy for 2013 and 2014 than it did three months ago. The Fed predicts that the economy […]
Fed likely to slow bond buys despite tepid economy
WASHINGTON — Hiring is soft. Pay is barely up. Consumers are cautious. Economic growth has yet to pick up. And yet on Wednesday, the Federal Reserve is expected to take […]
Summers withdraws name from Fed consideration
WASHINGTON — Lawrence Summers, who was considered the leading candidate to succeed Ben Bernanke as Federal Reserve chairman, has withdrawn from consideration, the White House said Sunday. Summers’ withdrawal followed […]
Consumer prices tick up as inflation stays mild
WASHINGTON — U.S. consumer prices rose only slightly last month as gas costs increased more slowly. Overall, the figures showed that inflation remains mild. The Labor Department said Thursday that […]
Bernanke to give deposition in AIG bailout lawsuit
WASHINGTON — A U.S. judge has ordered that Federal Reserve Chairman Ben Bernanke can be questioned in a lawsuit against the government filed by the former head of American International […]
AP Source: No Fed chair pick until the fall
The White House says President Barack Obama is not expected to name a new chairman of the Federal Reserve until the fall, lowering expectations for an imminent announcement.
Bernanke: U.S. economy still needs Fed’s stimulus
WASHINGTON — Chairman Ben Bernanke said Wednesday that the U.S. economy still needs help from the Federal Reserve‘s low interest rate policies. Bernanke told the National Bureau of Economic Research […]
