Most Active Articles 2009-11-24T07:20:09.100-05:00 Business Exchange Business_Exchange@businessweek.com urn:com:businessweek:bx:topic:most-active:federal-reserve Steve Bobrov sbobrov064 urn:com:businessweek:bx:article:13685683835611405200-d96784c7549055c9d18f613400bfd723 2009-11-22T19:29:02.429-05:00

Nov. 20 (Bloomberg) -- The Federal Reserve’s shield from congressional audits of interest-rate decisions took a blow from lawmakers who want to open the central bank’s books to greater congressional scrutiny. The House Financial Services Committee...

Nov. 20 (Bloomberg) -- The Federal Reserve’s shield from congressional audits of interest-rate decisions took a blow from lawmakers who want to open the central bank’s books to greater congressional scrutiny. The House Financial Services Committee... http://www.bloomberg.com/apps/news?pid=20601068&sid=a27_ZNGlQpNs Xudong Pan xpan412 2 2 0 0 urn:com:businessweek:bx:article:18029643663584847207-9763b229d0fb423899578ec5542c015d 2009-11-18T10:28:15.890-05:00

Federal Reserve Bank of St. Louis President James Bullard said policy makers may not start to raise rates until early 2012 while facing a “too low for two long” argument that may “weigh heavily” on the central bank.

Federal Reserve Bank of St. Louis President James Bullard said policy makers may not start to raise rates until early 2012 while facing a “too low for two long” argument that may “weigh heavily” on the central bank. http://www.bloomberg.com/apps/news?pid=20601087&sid=a6b235jJZM_g&pos=1 Terence Rose trose855 24 24 0 0 urn:com:businessweek:bx:article:7741057286795609487-16cf508ed624d64beed8b2c7a3d11267 2009-11-19T18:17:30.472-05:00

A U.S. House committee advanced a proposal to remove a three-decade ban on congressional audits of Federal Reserve interest-rate decisions, a measure backed by a lawmaker who has called for abolishment of the central bank.

A U.S. House committee advanced a proposal to remove a three-decade ban on congressional audits of Federal Reserve interest-rate decisions, a measure backed by a lawmaker who has called for abolishment of the central bank. http://www.bloomberg.com/apps/news?pid=20601087&sid=aDsdF9NhAnhQ&pos=4 Terence Rose trose855 3 2 0 1 urn:com:businessweek:bx:article:11803111173315400472-a0d9c1c416ffba4872b78bb74def2b5e 2009-11-18T12:33:19.844-05:00

Federal Reserve Bank of St. Louis President James Bullard said past experience suggests policy makers may not start to raise rates until early 2012, while facing a “too low for too long” argument that may “weigh heavily” on the central bank.

Federal Reserve Bank of St. Louis President James Bullard said past experience suggests policy makers may not start to raise rates until early 2012, while facing a “too low for too long” argument that may “weigh heavily” on the central bank. http://www.bloomberg.com/apps/news?pid=20601087&sid=a7qkmlD0fjV0&pos=1 Henry Blodget hblodget186 3 3 0 0 urn:com:businessweek:bx:article:113506551445552963-f878b09fb075d18567f6161ca5b0a59c 2009-11-11T15:50:10.034-05:00

The Federal Reserve faces the biggest blows to its authority and independence in five decades under legislation championed by its lead overseer in the U.S. Senate. The financial-regulation overhaul proposed yesterday by...

The Federal Reserve faces the biggest blows to its authority and independence in five decades under legislation championed by its lead overseer in the U.S. Senate. The financial-regulation overhaul proposed yesterday by... http://www.bloomberg.com/apps/news?pid=20601109&sid=a83BcoqE7QGo&pos=11 Terence Rose trose855 11 11 0 0 urn:com:businessweek:bx:article:8487967386322329288-780b0b333182c26f8c1f5e7a8c53070f 2009-11-05T10:37:10.787-05:00

The Fed is flashing signals of their exit strategy ...

The Fed is flashing signals of their exit strategy ... http://wallstcheatsheet.com/breaking-news/economy/treasury-minutes-suggest-fed-to-remove-1-trillion-in-excess-reserves-by-march-2010/?p=3391/ Damien Hoffman dhoffman576 28 28 0 0 urn:com:businessweek:bx:article:5382434985880915504-5598c612ffb3e9c223c134729874b2f6 2009-11-04T15:50:01.194-05:00

Federal Reserve Chairman Ben Bernanke and crew held interest rates steady at record lows for the eleventh straight month.

Federal Reserve Chairman Ben Bernanke and crew held interest rates steady at record lows for the eleventh straight month. http://wallstcheatsheet.com/breaking-news/economy/fed-keeps-easy-money-plan/?p=3376/ Damien Hoffman dhoffman576 14 14 0 0 urn:com:businessweek:bx:article:15125483203786644693-7727cd92da3fe2148f2ea6f819642a4d 2009-10-30T16:37:48.008-04:00

Congressman Alan Grayson In May, a cool and collected Congressman Alan Grayson questioned the Federal Reserve Inspector General about the trillions of dollars lent and spent by the Federal Reserve. Inspector General Elizabeth Coleman said she had no...

Congressman Alan Grayson In May, a cool and collected Congressman Alan Grayson questioned the Federal Reserve Inspector General about the trillions of dollars lent and spent by the Federal Reserve. Inspector General Elizabeth Coleman said she had no... http://wallstcheatsheet.com/knowledge/interview-knowledge/exclusive-interview-congressman-alan-grayson-talks-fed-transparency-and-missing-money/?p=1878/ Damien Hoffman dhoffman576 8 6 1 1 urn:com:businessweek:bx:article:3081688632662475692-d2f6074b189f7eb35049eb7e36828b95 2009-10-28T21:54:42.594-04:00

Oct. 29 (Bloomberg) -- The Oracle of Omaha retains his pre-eminence as a market visionary, outshining a new wave of financial strategists and the best-known central bankers. Billionaire investor Warren Buffett, chairman and chief executive officer...

Oct. 29 (Bloomberg) -- The Oracle of Omaha retains his pre-eminence as a market visionary, outshining a new wave of financial strategists and the best-known central bankers. Billionaire investor Warren Buffett, chairman and chief executive officer... http://www.bloomberg.com/apps/news?pid=20601087&sid=aXAO557NzJdg Cori Biruk cbiruk094 2 2 0 0 urn:com:businessweek:bx:article:13045968670270464081-0f25e9a92431d01f33f2bc221c63b3c4 2009-09-30T10:37:22.252-04:00

On one hand, the deflationists are claiming that given the extremely high debt levels in the West, further inflation is impossible. On the other side of the argument, many proponents of inflation are calling for Zimbabwe style hyperinflation. In this business, everyone is entitled to their opinion; however it is my contention that we will get neither deflation nor hyperinflation. If my assessment is correct, once business activity picks up, our world will have to deal with high inflation.

On one hand, the deflationists are claiming that given the extremely high debt levels in the West, further inflation is impossible. On the other side of the argument, many proponents of inflation are calling for Zimbabwe style hyperinflation. In this business, everyone is entitled to their opinion; however it is my contention that we will get neither deflation nor hyperinflation. If my assessment is correct, once business activity picks up, our world will have to deal with high inflation. http://dailyreckoning.com/inflation-is-our-future/ The Daily Reckoning dreckoning339 15 15 0 0 urn:com:businessweek:bx:article:6420698542038093366-085c11725c8f91b8fdc93d3c0089652f 2009-10-14T15:25:26.078-04:00

Perhaps the biggest news of the day, while not at all surprising, is intensely frustrating. Several top aides at the US Treasury have previously worked at Citigroup, Goldman Sachs, and other financial services firms, and have pocketed millions of dollars in compensation in the process.

Perhaps the biggest news of the day, while not at all surprising, is intensely frustrating. Several top aides at the US Treasury have previously worked at Citigroup, Goldman Sachs, and other financial services firms, and have pocketed millions of dollars in compensation in the process. http://dailyreckoning.com/us-treasury-staff-made-millions-from-wall-street/ The Daily Reckoning dreckoning339 6 6 0 0 urn:com:businessweek:bx:article:15359825312310686541-ea3fdc56db4350064790cb8bd144cdf1 2009-09-30T16:01:29.079-04:00

It’s official: The FDIC is broke, again. Not without a sense of irony, FDIC chair Sheila Bair announced late yesterday that the deposit insurance fund — the fund that backstops all our savings accounts — will be running at a deficit today for the first time since the S&L crisis in 1991.

It’s official: The FDIC is broke, again. Not without a sense of irony, FDIC chair Sheila Bair announced late yesterday that the deposit insurance fund — the fund that backstops all our savings accounts — will be running at a deficit today for the first time since the S&L crisis in 1991. http://dailyreckoning.com/fdic-out-of-rescue-bucks/ The Daily Reckoning dreckoning339 4 4 0 0 urn:com:businessweek:bx:article:14161142402849215211-841aa7ed8dbb6deaa7e0adf87afede79 2009-01-18T23:16:55.309-05:00

Gerald Celente has been right on many business issues in the past. Some of his predictions have seemed almost “prophetic.” He forecasted the Panic of 08 and the Economic 9/11 last year when no one wanted to listen. He also correctly predicted the...

Gerald Celente has been right on many business issues in the past. Some of his predictions have seemed almost “prophetic.” He forecasted the Panic of 08 and the Economic 9/11 last year when no one wanted to listen. He also correctly predicted the... http://www.subprimeblogger.com/?p=1102 Jesse Wojdylo jwojdylo055 50 49 1 0 urn:com:businessweek:bx:article:13921073913265627623-cdd3b108da2e7a3c1c425683dd366d0c 2009-03-19T10:15:48.638-04:00

With rate cuts no longer an option, Bernanke & Co. launch a massive plan to buy up mortgage-backed securities, agency debt, and Treasuries to boost the economy

With rate cuts no longer an option, Bernanke & Co. launch a massive plan to buy up mortgage-backed securities, agency debt, and Treasuries to boost the economy http://www.businessweek.com/investor/content/mar2009/pi20090318_855905.htm?chan=investing_investing+index+page_top+stories Karyn McCormack kmccormack660 32 30 1 1 urn:com:businessweek:bx:article:9426802569022431808-4042397fff15ea29b00af67c2f9c8533 2009-03-19T21:33:14.153-04:00

http://www.subprimeblogger.com/mortgage-rates-will-hit-historical-lows-thank-you-ben-bernanke/ Jesse Wojdylo jwojdylo055 34 34 0 0 urn:com:businessweek:bx:article:5279285750747706903-9f5a8dda09b77838c203f8768342bdb8 2009-02-11T20:22:00.000-05:00

SNL Extra. The FDIC denied the de novo application of Tomorrow's Bank. Industries: Bank. Referenced Companies: Tomorrow's Bank...

SNL Extra. The FDIC denied the de novo application of Tomorrow's Bank. Industries: Bank. Referenced Companies: Tomorrow's Bank... http://www.snl.com/interactivex/article.aspx?id=9037426&KPLT=5 39 39 0 0 urn:com:businessweek:bx:article:12849439782560671568-b3e234b362f7ecea46ddbfb243250551 2009-09-22T14:37:32.506-04:00

In case you were wondering, there is no way to stop spending a debt-based currency once you start, which handily explains why Doug Noland, in his Credit Bubble Bulletin, asks “what about an exit strategy? Well, I see a ‘No Exit’ sign. These distortions have been going on for too many years and become too systemic. Indeed, government interventions are at the core of systemic fragilities that ensure Washington will continue to meddle.”

In case you were wondering, there is no way to stop spending a debt-based currency once you start, which handily explains why Doug Noland, in his Credit Bubble Bulletin, asks “what about an exit strategy? Well, I see a ‘No Exit’ sign. These distortions have been going on for too many years and become too systemic. Indeed, government interventions are at the core of systemic fragilities that ensure Washington will continue to meddle.” http://dailyreckoning.com/thank-the-fed-for-your-lack-of-purchasing-power/ The Daily Reckoning dreckoning339 3 3 0 0 urn:com:businessweek:bx:article:17690404637967441622-d8f826fd417ffeb428db8ffb5b4ecddc 2009-04-02T11:47:33.937-04:00

On April 1st, 2009, we will begin to see the tax cuts that President Obama has worked so hard for. A bill that took what seems like forever to pass in Congress was signed into law by President Obama less than one month into his presidency.

On April 1st, 2009, we will begin to see the tax cuts that President Obama has worked so hard for. A bill that took what seems like forever to pass in Congress was signed into law by President Obama less than one month into his presidency. http://www.obamaonthedollar.com/obama-stimulus-tax-cuts-begin-april-1st/ Jesse Wojdylo jwojdylo055 21 21 0 0 urn:com:businessweek:bx:article:2194758521587653093-9d9e55af611ea8839757d34ec8fb36b3 2009-08-12T14:57:53.034-04:00

The Fed kept rates unchanged and said that the U.S. economy was "leveling out". Bernanke & Co. also said it would wind down debt purchases

The Fed kept rates unchanged and said that the U.S. economy was "leveling out". Bernanke & Co. also said it would wind down debt purchases http://www.businessweek.com/investor/content/aug2009/pi20090812_357878.htm Shirley Brady sbrady224 3 1 1 1 urn:com:businessweek:bx:article:14226033720578384861-d85a48160d32eb7380f60a13c24fe472 2009-03-17T21:42:41.276-04:00

Just one day before the Obama administration expressed its disapproval of AIG's $165 million in bonuses, Federal Reserve chairman Ben Bernanke warned in a private letter to a key lawmaker that the Federal Reserve did not monitor bonuses by the company.

Just one day before the Obama administration expressed its disapproval of AIG's $165 million in bonuses, Federal Reserve chairman Ben Bernanke warned in a private letter to a key lawmaker that the Federal Reserve did not monitor bonuses by the company. http://abcnews.go.com/Blotter/story?id=7107011&page=1 Shirley Brady sbrady224 21 20 1 0 urn:com:businessweek:bx:article:12454413731859663467-5187ecaa30a48d891b42602141ac3bc9 2009-09-17T11:01:05.882-04:00

These are the times that try our souls… …well, maybe not our souls…but at least our convictions. But look at gold this morning!

These are the times that try our souls… …well, maybe not our souls…but at least our convictions. But look at gold this morning! http://dailyreckoning.com/the-credit-cycle-has-turned/ The Daily Reckoning dreckoning339 2 2 0 0 urn:com:businessweek:bx:article:11890293727572162573-91f6c605ccc256be2fbd65c1a4352a73 2009-08-13T16:41:27.126-04:00

Aug. 13 (Bloomberg) -- Forget all this chatter about finding a new reserve currency. We already have one, and it’s called the yen. OK, stop laughing. Before dismissing the idea, consider how the yen is strengthening because investors figure it’s a...

Aug. 13 (Bloomberg) -- Forget all this chatter about finding a new reserve currency. We already have one, and it’s called the yen. OK, stop laughing. Before dismissing the idea, consider how the yen is strengthening because investors figure it’s a... http://bloomberg.com/apps/news?pid=20601039&sid=a2um6acT0QyQ Ben Steverman bsteverman434 3 2 1 0 urn:com:businessweek:bx:article:15446656153665807922-4d706a47b91b42605eec9705c3db372e 2009-09-16T12:48:19.898-04:00

When I turned on the currency screens this morning, the euro (EUR) was trading with a 1.47 handle! WOW! It just skipped right through the 1.46 handle, eh? It began yesterday afternoon… The dollar was getting sold on the news of a strong retail sales figure (more on that in a minute), and the euro was edging up the 1.46 ladder. The move to get it past 1.47 came in the overnight markets. Now, having gotten you all lathered up about 1.47, I have to say that since I turned on the currency screens, the euro has lost ground back to 1.4688, but still. That’s quite an impressive move from yesterday morning, eh?

When I turned on the currency screens this morning, the euro (EUR) was trading with a 1.47 handle! WOW! It just skipped right through the 1.46 handle, eh? It began yesterday afternoon… The dollar was getting sold on the news of a strong retail sales figure (more on that in a minute), and the euro was edging up the 1.46 ladder. The move to get it past 1.47 came in the overnight markets. Now, having gotten you all lathered up about 1.47, I have to say that since I turned on the currency screens, the euro has lost ground back to 1.4688, but still. That’s quite an impressive move from yesterday morning, eh? http://dailyreckoning.com/china-likes-canadian-investments/ The Daily Reckoning dreckoning339 1 1 0 0 urn:com:businessweek:bx:article:16621490658905209924-010b96a6859bb1023603389a25bb58cb 2009-08-11T12:17:24.550-04:00

Wall Street faded on Tuesday morning as investors waited to hear the Federal Reserve’s latest pronouncements about how the economy was faring and what role the central bank would play going forward.

Wall Street faded on Tuesday morning as investors waited to hear the Federal Reserve’s latest pronouncements about how the economy was faring and what role the central bank would play going forward. http://www.nytimes.com/2009/08/12/business/12markets.html Shirley Brady sbrady224 2 1 1 0 urn:com:businessweek:bx:article:6935833982858362453-0c6a5325c27738313ef5df204e7055c5 2009-01-01T01:00:00.000-05:00

PARK RAPIDS - The Federal Deposit Insurance Corp. has issued a cease-and-desist order against State Bank of Park Rapids, citing unsafe banking...

PARK RAPIDS - The Federal Deposit Insurance Corp. has issued a cease-and-desist order against State Bank of Park Rapids, citing unsafe banking... http://www.bemidjipioneer.com/articles/rss.cfm?id=20501 32 31 1 0