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Federal Reserve

Federal Reserve
A collection of news and information related to Federal Reserve published by this site and its partners.

Top Federal Reserve Articles

Displaying items 12-22
  • Jeremy Stein to step down from short-handed Federal Reserve Board

    Jeremy Stein to step down from short-handed Federal Reserve Board
    WASHINGTON -- Federal Reserve Governor Jeremy C. Stein plans to step down next month, creating another vacancy on the central bank's already short-handed board. Stein, 53, a Harvard economist and former Obama administration advisor, has served on the...
  • Latest cyberscam enables crooks to extract huge sums from ATMs

    Latest cyberscam enables crooks to extract huge sums from ATMs
    Sounding alarm over an especially sinister new wave of cybercriminals, regulators are warning bankers that hackers have succeeded in changing the controls on automated teller machines to enable thieves to make nearly unlimited withdrawals using fraudulent...
  • Stocks end the quarter with a gain

    Stocks end the quarter with a gain
    U.S. stocks are closing higher as the market posts a meager gain for the first three months of the year. The Standard & Poor's 500 index rose eight points, or 0.5 percent, to close at 1,872 Monday. The index gained 1.3 percent for the first quarter of...
  • Yellen says Fed's 'extraordinary commitment' still needed

    Yellen says Fed's 'extraordinary commitment' still needed
    WASHINGTON -- Federal Reserve Chairwoman Janet Yellen, saying the job market is far from normal, made clear Monday that the central bank remains committed to providing extraordinary support for the economy for some time to come. Yellen’s remarks...
  • Fourth-quarter economic growth revised up to still-tepid 2.6%

    Fourth-quarter economic growth revised up to still-tepid 2.6%
    WASHINGTON — The economy expanded at a slightly faster pace at the end of last year than previously estimated, but the rate remained tepid, the Commerce Department said Thursday. The nation's total economic output, or gross domestic product,...
  • Consumer spending increases in February while inflation stays low

    Consumer spending increases in February while inflation stays low
    WASHINGTON -- Consumer spending increased last month the most since November as Americans appeared to start shaking off the effects of severe winter weather. Spending rose 0.3% in February, up from 0.2% the previous month, the Commerce Department said...
  • L.A.'s Contreras-Sweet confirmed to head Small Business Administration

     L.A.'s Contreras-Sweet confirmed to head Small Business Administration
    WASHINGTON -- The Senate on Thursday confirmed Maria Contreras-Sweet, a former California official who founded a Los Angeles community bank, to head the federal Small Business Administration. Contreras-Sweet was approved on a voice vote to the Cabinet...
  • Freddie Mac: Average 30-year mortgage rate at 4.4%, up from 4.32%

    Freddie Mac: Average 30-year mortgage rate at 4.4%, up from 4.32%
    Fixed mortgage rates rose early this week, with Freddie Mac’s survey showing lenders offering 30-year loans to solid borrowers at an average of 4.4%, up from 4.32% in the previous week. The average rate for a 15-year fixed loan rose from 3.32%...
  • BofA to pay $9.5 billion to settle Fannie Mae, Freddie Mac claims

    BofA to pay $9.5 billion to settle Fannie Mae, Freddie Mac claims
    Putting to rest one of its biggest remaining headaches, Bank of America Corp. has agreed to pay $9.5 billion to settle claims by Fannie Mae and Freddie Mac. The government-sponsored mortgage finance giants had demanded compensation from the Charlotte,...
  • Bank of America settles with Fannie and Freddie for $9.5 billion

    Bank of America settles with Fannie and Freddie for $9.5 billion
    Putting to rest one of its biggest remaining headaches, Bank of America Corp. has agreed to pay $9.5 billion to settle claims by Fannie Mae and Freddie Mac.  The government-sponsored mortgage giants had demanded compensation from the Charlotte, N.C.,...
  • Fed rejects Citigroup dividend, buyback plans after stress test

    Fed rejects Citigroup dividend, buyback plans after stress test
    WASHINGTON — Federal regulators rejected plans by Citigroup Inc. and four other large U.S. banks for dividend payments and stock buybacks after the latest round of stress tests. The results raised concerns about weaknesses in the risk-planning...