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Federal Reserve

Chairman of Federal Reserve Board Ben Bernanke speaks during a news conference on Sept. 13, 2012 in Washington, D.C. (credit: Alex Wong/Getty Images)

Bernanke Warns Congress: Don’t Change Law To Review Fed’s Policy Discussions

Chairman Ben Bernanke offered a sharp defense Monday of the Federal Reserve’s bold policies to stimulate the weak economy, while cautioning Congress to respect its private discussions.


Republican presidential candidate Mitt Romney speaks at a campaign rally in Fairfax, Va., on Sept. 13, 2012. (credit: NICHOLAS KAMM/AFP/Getty Images)

Romney: Bernanke Showing That Obama Is Wrong On The Economy

Republican Mitt Romney is trying to shift the focus of the presidential campaign away from anti-American violence overseas and back to the economy, accusing President Barack Obama of ignoring Chinese trade violations and pointing to a new Federal Reserve effort to bolster the economy as evidence of Obama’s weak policies.


Treasury Secretary Timothy Geithner testifies to Congress on the AIG bailout (Photo by Ann Heisenfelt/Getty Images)

Opinion: Auto And Bank Bailouts Prove Effective

On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.


Credit: Justin Sullivan/Getty Images

US Jobless Claims Plunge To Lowest In 4 Years

The number of people seeking U.S. unemployment benefits plunged last week to the lowest level in four years.


Zhou Xiaochuan, governor of the People's Bank of China, answers a media question during a press conference of the Fifth Session of the 11th National People's Congress (NPC) focusing on moneytary policy and financial issues on March 12, 2012 in Beijing, China. (credit: Feng Li/Getty Images)

Federal Reserve Approves Chinese Takeover Of American Bank

The Federal Reserve has for the first time given approval for a large Chinese bank to purchase a U.S. bank. It also gave approval to two other large Chinese banks to expand their operations in the United States.