United States Federal Reserve

Bernanke confirmation won't be pretty

CNN (Free subscription) | 14 hours ago

Federal Reserve Chairman Ben Bernanke has a tough road ahead.

• Bernanke rage boils over - CNNMoney.com
• Fed rage boils over on Capitol Hill - CNNMoney.com

Proposal Pending To Give Unlimited Bailout Authority To The Fed

The Whig (Free subscription) | yesterday

WSJ: No Bondholder Left Behind The Dodd-Frank bills for unlimited bailout authority. 'We won't have a real market-based financial system until it is safe to let a financial firm fail," Federal Reserve Chairman Ben Bernanke said last week. He's certainly right, though you wouldn't know it from Mr. Bernanke's own actions the last two years. Meanwhile, the politicians are preparing to give the Fed...

Bernanke's nomination hearing set for early December

AMERICAblog (Free subscription) | yesterday

Although he shouldn't go through , he probably will. We will hear plenty of big talk but then very little action. The status quo will win, again. Federal Reserve Chairman Ben Bernanke's nomination to a second term will be the subject of a Senate Banking Committee hearing next month, the panel's chairman said Friday. President Barack Obama nominated Bernanke to another four-year term in August. The...

Reconfirm Bernanke?

Institutional Financial Derivatives (Free subscription) | yesterday

Ben Bernanke has been scheduled for a confirmation hearing for a second four-year term as Federal Reserve chairman. The Senate Banking Committee will question him on Dec. 3. Rep. Alan Grayson has come out strongly recently urging an audit of the Fed and has had noteworthy courage to stand up to Bernanke’s lies directly in hearings and the giant ongoing criminal fraud that is the so-called ‘Federal...

CNBC’s Regan Worries 'Freshman Congressmen from Timbuktu' to Have Too Much Policy Influence if Fed Audit Bill Passed

NewsBusters (Free subscription) | 11/21/2009

It's an issue that libertarian Rep. Ron Paul, R-Texas, and Sen. Bernie Sanders (I-Vt.) , a self-proclaimed socialist agree on: Congress should have the authority to call for the Federal Reserve to be audited. But it is also something that some in the financial media are reluctant to support, especially judging from the tone of CNBC "The Call" co-host Trish Regan and comments CNBC senior...

Senate sets hearing on Bernanke's renomination

Reuters (Free subscription) | 11/20/2009

WASHINGTON (Reuters) - The Senate Banking Committee said on Friday it will hold a hearing on Federal Reserve Chairman Ben Bernanke's renomination to a second term on December 3, putting the central bank chief under scrutiny at a time when the Fed is facing intense criticism in Congress.

Menendez talks financial regulatory reform and implementing accountability on Wall Street

Blue Jersey: Covering NJ like a rug (Free subscription) | 11/20/2009

The US Senate Banking, Housing and Urban Affairs committee has taken up legislation dealing with financial regulatory reform. Mondaq had more on the bill: Senate Banking Committee Chairman Christopher Dodd has introduced a discussion draft of the Restoring American Financial Stability Act of 2009 (the "Dodd Bill"), which comprehensively addresses financial regulatory reform, encompassing...

Panel votes to audit the Fed

The Mess That Greenspan Made (Free subscription) | 11/20/2009

MarketWatch reports that, much to the dismay of Fed chief Ben Bernanke, the House Financial Services Committee approved a measure sponsored by Rep. Ron Paul (R-Texas) that would require the government to audit the Federal Reserve. Ron Paul's provision was opposed by Rep. Barney Frank (D-Mass.), the committee's chairman who preferred a less intrusive measure proposed by Rep. Melvin Watt (D-N.C.) in...

DeFazio slams Goldman, Summers, Geithner

The Mess That Greenspan Made (Free subscription) | 11/19/2009

Rep. Peter DeFazio (D-Oregon) has a few choice words for Goldman Sachs and suggests the nation might be better off with two more job losses - Larry Summers and Tim Geithner. With all the criticism of the Federal Reserve lately, if Ben Bernanke happened to hear DeFazio talk, he would probably have been quite pleased not to hear his name mentioned.

The Helicopter Ben And Timmy Show Has Critics

Zandar Versus The Stupid (Free subscription) | 11/19/2009

And some, like Democratic Rep. Peter DeFazio of Oregon, think they should be fired . President Barack Obama "is being failed by his economic team" and should replace Treasury Secretary Tim Geithner and White House economic policy director Larry Summers, says US House Rep. Peter DeFazio. The prominent member of the Congressional Progressive Caucus told MSNBC's The Ed Show that he and other...

• Fire Geithner and Summers, prominent Democrat says - Raw Story
• Dem Wants Wall Streeters Geithner and Summers Fired - ChattahBox

JW Files Two New FOIA Lawsuits against Treasury and Federal Reserve for Documents on Taxpayer Bailouts

Corruption Chronicles (Free subscription) | 11/18/2009

Judicial Watch, the public interest group that investigates and prosecutes government corruption, announced today that it has filed two separate Freedom of Information Act (FOIA) lawsuits against the Department of the Treasury and the Federal Reserve in its continuing efforts to bring transparency to the federal government's massive taxpayer bailouts. Judicial Watch's request filed with the Treasury...

• Judicial Watch: Judicial Watch Files Two New FOIA Lawsuits Against Treasury and Federal Reserve for Documents on Taxpayer Bailouts - Market Wire

Waiting for the train-wreck

Flopping Aces (Free subscription) | 11/18/2009

Interesting imo The danger in those years [2011/2012] will be that Ben Bernanke will attempt yet again to refloat the U.S. economy through inflation, buying government debt to fund the deficit and forcing short term rates well below the inflation rate. This danger is exacerbated by the Obama administration’s insouciance about deficits. Ben Bernanke on his [...]

America's Economic "Doom Loop"

The Plank (Free subscription) | 11/17/2009

“ Banking on the State ” by Andrew Haldane and Piergiorgio Alessandri is making waves in official circles. Haldane , Executive Director for Financial Stability at the Bank of England, is widely regarded as both a technical expert and as someone who can communicate his points effectively to policymakers. He is obviously closely in line--although not in complete agreement--with the thinking...

• The State of Banking: Banking on the State? - SeekingAlpha.com

Fed keeping watch on sliding dollar

Jamaica Gleaner :: Business (Free subscription) | 11/17/2009

United States Federal Reserve chairman Ben Bernanke on Monday said the central bank will keep a close eye on the sliding US dollar even as he pledged anew to keep interest rates at record lows to nurture the economic recovery. In remarks to the Economic...

Treasurys Rally After Bernanke Signals Low Rates

ABC News (Free subscription) | 11/17/2009

Treasurys rally after Fed Chairman Ben Bernanke reaffirms pledge to keep interest rates low Ben Bernanke - United States - Federal Reserve System - Economy - United States Secretary of the Treasury