Today, The Washington Post’s Neil Irwin reports that the Federal Reserve — concerned about the sustained high level of unemployment and the general stall-out in the recovery — is considering taking steps to bolster growth. Irwin summarizes the “modest” possible measures:
One pro-growth strategy would be to strengthen language
Writing at Slate, Daniel Gross wonders why Fed Chairman Ben Bernanke doesn’t seem to care much about high unemployment:
In a speech earlier this month, Bernanke noted that “in all likelihood, a significant amount of time will be required to restore the nearly 8-1/2 million jobs that were
This morning, Federal Reserve Chairman Ben Bernanke is testifying before the House Committee on the Budget about the current economic situation and the federal budget.
These are contentious times when it comes to the relative importance of debts and deficit-spending. Hawks — and the American public — are deeply worried More…
Speaking with ABC News’ Sam Donaldson yesterday, Federal Reserve Chairman Ben Bernanke described the recovery as “moderate-paced” and demurred on the issue of whether there might be a double-dip, saying, “There seems to be a good bit of momentum in consumer spending and investment, so my More…
Last night at 9:15 p.m., as part of a $1 trillion international package to rescue Europe from its debt as Greece teeters on the brink of default, the U.S. Federal Reserve announced it has reopened currency swap lines with the European Central Bank. Essentially, the Fed will print dollars More…
Senators are currently debating Sen. Bernie Sanders’ (I-Vt.) Audit the Fed amendment to Sen. Chris Dodd’s (D-Conn.) financial regulatory reform bill. (Watch the floor debate here.) Just a few moments ago, Sen. Sam Brownback (R-Kans.) took to the floor to accuse executive-branch opponents of the measure of “exaggerating” the More…
Senate Majority Leader Harry Reid (D-Nev.) tells Ryan Grim of the Huffington Post that he is leaning toward voting for two controversial amendments: one provision by Sen. Ted Kaufman (D-Del.) and Sen. Sherrod Brown (D-Ohio) to break up big banks and create hard asset and leverage caps, and More…
Federal Reserve Chairman Ben Bernanke has sent a letter to Sen. Chris Dodd (D-Conn.), the head of the Banking Committee and the architect of the financial regulatory reform proposal currently before Congress, urging him not to adopt an amendment by Sen. Bernie Sanders (I-Vt.) to open the Fed’s books to More…
With Sen. Bernie Sanders (I-Vt.) attempting to round up votes for an Audit the Fed amendment to Sen. Chris Dodd’s (D-Conn.) financial regulatory reform proposal, Jon Hilsenrath of The Wall Street Journal takes note of the problems at the Fed’s congressional liaison office.
The Federal Reserve’s efforts to fend
Starting today, Sen. Bernie Sanders (I-Vt.) begins his push to ensure that a thorough audit of the Federal Reserve’s books, which Chairman Ben Bernanke expanded by more than $1 trillion to stave off the worst of the financial crisis, makes it into Sen. Chris Dodd’s (D-Conn.) financial regulatory reform More…
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