Federal Reserve
May 8, 2012 No Thanks Close The Daily Caller Social Experience Let your friends help you discover the best news, features and videos on TheDC. Publish what you read and maintain full control. Login with Facebook Subcommittee to consider bills to end or amend the Fed (The Daily Caller)
May 7, 2012
By Michael Bastasch A House subcommittee is scheduled to hold a hearing on proposals to reform or end the Federal Reserve System, Texas Republican Rep. Ron Paul announced last Friday. The Domestic Monetary Policy and Technology Subcommittee will hear testimony from economists and lawmakers Tuesday morning on Capitol Hill. “More and more people are beginning [...]
GOP and Dem lawmakers aim to assert greater control over the Federal Reserve (The Hill’s On The Money)
March 4, 2012
By Peter Schroeder The Federal Reserve’s relationship with Congress is growing more complicated as lawmakers second-guess its decisions and look to impose reforms. On Monday, the Fed will again face congressional scrutiny, as Rep. Kevin Brady (R-Texas) unveils a sweeping bill aimed at limiting what actions the Fed can take. The legislation from Brady, the [...]
OpEd: Opening Up the Fed (New York Times ‘Economix’ Blog)
February 23, 2012
By Simon Johnson The Federal Reserve has great power in modern American society, including the ability to move the economy and, at least indirectly, to create or destroy fortunes. Its powers operate in two ways: through control over monetary policy, meaning interest rates and credit conditions more broadly, and through its influence over how the [...]
No One Telling Who Took $586 Billion in Swaps With Fed Condoning Anonymity (Bloomberg)
December 11, 2011
By Scott Lanman and Bradley Keoun For all the transparency forced on the Federal Reserve by Congress and the courts, one of the central bank’s emergency-lending programs remains so secretive that names of borrowers may be hidden from the Fed itself. As part of a currency-swap plan active from 2007 to 2010 and revived to [...]
A Federal Reserve that serves all Americans (CitizenVox)
November 29, 2011
By Micah Hauptman While Congress’s spending has recently been the topic of much fiery debate, one big spender hasn’t received enough scrutiny—the Federal Reserve. However, that is changing, as Americans are becoming further aware of the Fed’s actions during the recent financial crisis and the extent to which the Fed doled out taxpayer money to [...]
Audio: Congressional Corner with Bernie Sanders (WAMC)
November 18, 2011
Part 1 (11/16/11) – The Federal Reserve has found itself under siege from both sides of the political spectrum. In today’s Congressional Corner, Vermont Senator Bernie Sanders tells WAMC’s Alan Chartock that Fed is fraught with conflicts of interest that have hurt the American people. Listen to part 1 >> Part 2 (11/17/11) – The [...]
Sen. Sanders Editorial: Fed needs injection of transparency (Politico)
November 6, 2011
By Sen. Bernie Sanders As a result of the greed, recklessness and illegal behavior on Wall Street, Americans have experienced the worst economic crisis since the Great Depression. Millions have lost their jobs, homes, life savings and the ability to send their kids to college. Wages as a share of national income are now at [...]
Top Economists to Advise Sanders on Federal Reserve Reforms (Seven Days’ Blurt)
October 24, 2011
By Shay Totten What do a Nobel Prize-winning economist and U.S. Sen. Bernie Sanders (I-VT) have in common? They both want to reform the Federal Reserve. Joseph Stiglitz, the 2001 winner of the Nobel Prize in economics and an economics professor at Columbia University, is one of nearly 20 of the nation’s leading progressive economists [...]
Report shows Federal Reserve boards filled with business and financial executives (The American Independent)
October 21, 2011
By Nicolas Mendoza With Republicans in Congress unwilling to pass President Obama’s jobs bill, many believe that the Federal Reserve is the only institution left that can lift the economy out of its seemingly perpetual slump. That has led to the normally quite secretive Federal Reserve, the nation’s most important economic institution, coming under increased [...]
Sen. Sanders gathers economists for his planned Fed overhaul bill (The Hill’s On The Money)
October 20, 2011
By Peter Schroeder Sen. Bernie Sanders (I-Vt.) on Thursday unveiled a dozen economists he has tapped to help draft a plan to overhaul the Federal Reserve he says is “riddled” with conflicts of interest, among other problems. Headlining the group are Joseph Stiglitz, a Nobel Prize winner and former top adviser to President Clinton, and [...]
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