At first glance, the numbers in the February unemployment report are spectacular. An estimated 192,000 jobs were added last month to nonfarm payrolls, compared with 63,000 in January, 152,000 in December and 93,000 in November. There are lots of reasons...
One year after sweeping reforms of the credit card industry took effect, two new government surveys released Tuesday found that card issuers have largely stopped hiking interest rates on customers' existing balances, reduced penalty fees and all but eliminated overlimit...
Ben S. Bernanke is known for being cautious with his words. Unlike his predecessor Alan Greenspan--whose positive statements and insinuation of pessimism about interest rates or the economy regularly moved markets--Bernanke's public remarks have often been harder to read. In 2010, Bernanke gave 26 speeches and each event was scrutinized by everyone from Wall Street CEOs to pensioners for any indication of a change in policy. Here's a graphical representation of what was on Bernanke's mind at a particular time. These "word clouds" for the Fed chair's five most recent public appearances give greater prominence to words that appear more frequently in his speeches.
Federal Reserve policymakers expect the U.S. economy to grow as much as 3.9% this year, slightly higher than earlier projections, according to minutes of the central bank's last policy meeting.
Federal Reserve board member: U.S. investigation into mortgage servicing has found 'widespread weakness'
The preliminary results of a multi-agency federal review of the mortgage industry has found "widespread weaknesses" that impair the function of the housing market and hurt consumers, according to Federal Reserve board of governors member Sarah Bloom Raskin. "We have reached the point where this sign of failure is hindering our economy's ability to rebound," Bloom Raskin said in remarks prepared for delivery to mortgage finance executives at a conference in Utah Friday evening.
The nation's most powerful financial regulators published a new blueprint Tuesday for how they will aim to keep banks from engaging in risky, speculative activity.
| January 18, 2011; 3:43 PM ET |
Categories: Federal Deposit Insurance Corp., Federal Reserve, Financial Stability Oversight Council, Regulation, U.S. Treasury
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