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The US Treasury Department today is buying the last of the $300 billion in Treasury bonds, bills, and notes it has purchased over the last seven months to keep rates low. The program, which...
With the crisis clearly past, the Fed ought to boost short-term rates to a more normal 2% - still low by historical standards - to send a signal to the markets that the U.S. is serious about...
The Federal Reserve's Federal Open Market Committee today voted to keep the target range for the federal funds rate at 0 to 1/4%. In addition, the Fed said it would continue programs to keep...
This article is a must-read for anyone trying to understand what is going on with the economy at the moment. It describes how the Federal Reserve and the Obama Administration plotted to reinflate...
With a modicum of hindsight now available, do governments and central banks deserve credit for preventing catastrophe? The early verdict from most scholars, executives and government insiders is...
One downside to money market accounts and savings accounts as compared to checking accounts is that you are limited in the number of third-party withdrawals. This is based on the Federal Reserve's...
The Federal Reserve made $19 billion, or $14 billion more than it would have made on a risk free deployment of its capital, through charging interest and fees to financial institutions and...
President Obama today declared he was going to re-appoint Ben Bernanke chairman of the Fed. It's a good move, notwithstanding the usual critics who not only want Bernanke gone, but the whole Fed...
Largely echoes and supports the Fed's strategy of leaving interests rates and programs to help revitalize the real estate market in place until there is some sustained growth and improvement.
This is good news and necessary to sustain the pockets of stabilization in the housing market. However, I've read another article which suggests interest rates could creep up to 6% within the next...
Investors and consumers are still reeling from the recession, but the nation’s big banks are posting huge, unexpected profits.
On Thursday, JPMorgan Chase announced a $2.7 billion...
Documents unearthed by congressional investigators reveal disagreements among senior Federal Reserve officials about how to handle Bank of America Corp.'s acquisition of Merrill Lynch, fueling...