Ex-Fed Chair Bernanke shares Nobel for bank failure researchOctober 11, 2022 GMT
STOCKHOLM (AP) — Former Federal Reserve Chair Ben Bernanke and two other U.S.-based economists won the Nobel Prize in economics for research into bank failures -- work that built on lessons learned in the Great Depression and helped shape America’s aggressive response to the 2007-2008 financial crisis.
Fed officials in April cautioned about inflation pressuresMay 19, 2021 GMT
WASHINGTON (AP) — The U.S. economy's faster-than-expected awakening from its pandemic-induced slumber had some Federal Reserve officials last month discussing whether it might be time to start planning for easing back on one of the central bank's levers for keeping interest rates low.
Former Fed leaders defend Powell against Trump’s attacksAugust 6, 2019 GMT
WASHINGTON (AP) — In a strong rebuke to President Donald Trump, the four living former leaders of the Federal Reserve say that the head of the nation's central bank should be able to make interest-rate decisions free of political pressure and the threat of being removed or demoted...
Lessons for next US financial crisis from 3 key ex-officialsJuly 18, 2018 GMT
WASHINGTON (AP) — Three officials who played vital roles in combating the 2008 financial crisis say they worry that the painful lessons from the banking system's near-collapse a decade ago may be forgotten...
5 Things: What Yellen’s Fed tenure will be remembered forFebruary 1, 2018 GMT
WASHINGTON (AP) — When Janet Yellen leaves the Federal Reserve this weekend after four years as chair, her legacy will include having shattered a social barrier: She is the first woman to have led the world's most powerful central bank, a position that carries enormous sway over the global economy...
Senate approves Powell to follow Yellen as Fed chair in Feb.January 23, 2018 GMT
WASHINGTON (AP) — The Senate on Tuesday approved President Donald Trump's selection of Jerome Powell to be the next chairman of the Federal Reserve beginning next month...
Gloom and gallows humor in Fed’s 2009 transcriptsMarch 4, 2015 GMT
Federal Reserve officials faced the worst of the Great Recession in early 2009: a collapsing economy hemorrhaging jobs, a plunging stock market and banks saddled with bad debts, refusing to lend.
Transcripts from the Fed's 11 meetings that year, released Wednesday, reflected the grim headlines.
Fed member: Bond buys likely to slow later in yearAugust 6, 2013 GMT
WASHINGTON (AP) — A Federal Reserve voting member said Tuesday the central bank is "quite likely" to start reducing its bond purchases later this year but that any change hinges on the economy showing improvement.
House panel asks to see foreclosure settlementJanuary 5, 2013 GMT
A House oversight panel wants to review a proposed settlement between 14 banks and federal regulators over improper foreclosure practices.
The Committee on Oversight and Government Reform, which has conducted hearings on foreclosure abuses, wrote a letter Friday to Fed Chairman Ben Bernanke and the Office of the Comptroller of the Currency asking to see any proposed settlement before it is agreed to.