WASHINGTON — Republican lawmakers are criticizing Treasury Secretary Timothy Geithner for failing to alert Congress four years ago that banks could manipulating a key global interest rate. Geithner defended his actions at a hearing Wednesday of the House Financial Services ...

Tagged with: federal reserve house financial services committee interest rates treasury secretary timothy geithner

WASHINGTON — Chairman Ben Bernanke told lawmakers Wednesday that the Federal Reserve’s efforts to bolster growth have helped lift the U.S. economy out of the Great Recession. But he acknowledged that growth remains weak and the Fed can only do ...

Tagged with: Ben Bernanke bond purchases Congress democrats Economy federal reserve great recession growth house financial services committee jobs Manufacturing republicans Senate Banking Committee

WASHINGTON — JPMorgan Chase CEO Jamie Dimon says the bank did its best to fully inform investors about its risk strategy several weeks before it suffered a $2 billion-plus trading loss. Dimon told the House Financial Services Committee Tuesday that ...

Tagged with: Banks house financial services committee jamie dimon JPMorgan Chase securities and exchange commission shareholders

WASHINGTON — Chairman Ben Bernanke told lawmakers Wednesday that the economy has performed better in recent months than the Federal Reserve had expected. If the trend continues, he said the Fed might have to reassess its outlook for a slow ...

Tagged with: Ben Bernanke Congress Economy fed federal reserve house financial services committee inflation interest rate investors recovery