Former Federal Reserve chairman Alan Greenspan has called the recent turmoil in the global financial markets a "once in a century credit tsunami".
NEW YORK, Oct 23 - Federal Reserve loans to U.S. financial institutions fell in the latest week for the first time since this type of funding exploded after the collapse of Lehman Brothers as U.S....
Plunging commodity prices could drag U.S. inflation below zero next year and the Federal Reserve will have to stay alert to the risk of a damaging deflation that could erode the economy even if it worries that low interest rates could spark inflation over the longer term.
The U.S. economy risks a protracted slump if government action fails to counter the credit crisis, but the Federal Reserve should not pin too much hope on monetary policy, a top Fed official said on Tuesday.
Goldman Sachs and Morgan Stanley to face more oversight from the Federal Reserve. Change provides more funding and opens door to more mergers.
* Bernanke says never threatened Lewis on Merrill deal * Rep. Towns: Still unclear if BofA was forced on deal * Fed's proposed role as systemic regulator questioned (Adds details, background and more comments from...
-------MARKET SNAPSHOT AT 12:59 p.m. EDT (1659 GMT)------- Sept T-Bond <USU9> 115-25/32 (+20/32) Sept 10-Year note <TYU9> 114-31/32 (+05/32) Change vs Current Nyk yield Three-month bills<US3MT=RR> 0.1...
* Fed, Treasury accused of using threats to enforce deal * Lewis criticized for failure to disclose Merrill woes * Lawmakers want to hear from Bernanke and Paulson * Lewis declines to say pressure was...
* Dodd calls on Fed to act soon on overdraft rules * Dodd urges Fed to adopt "opt-in" rules (Adds background, Dodd comments) WASHINGTON, June 9 - Senate Banking Committee Chairman Christopher Dodd said on...
* Renewed mortgage-related sales intensify market drop * Two-year yield posts biggest 1-day rise since Sept * Ten-year yield registers biggest weekly jump in 6 years * Yield curve steepens to record, then flattens (Recasts...