Fed’s Fisher sees “overkill” risk in mortgage-bond buys
NEW YORK (Reuters) - The Federal Reserve risks "overkill" if it continues buying mortgage bonds at the current clip because the U.S. housing market is on sounder footing, a top...
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Bernanke sees long slog to lower unemployment
WASHINGTON/NEW YORK (Reuters) - The jobless rate is unlikely to reach more normal levels for several years, Federal Reserve Chairman Ben Bernanke said on Wednesday as he again defended the...
Fed officials point to fiscal benefits of bond buying
NEW YORK (Reuters) - Two top Federal Reserve officials offered a fresh defense of the U.S. central bank's asset-buying program on Friday, arguing that it helps the nation's fiscal health...
Fed to buy bonds from more dealers under pilot program
NEW YORK (Reuters) - The Federal Reserve will buy bonds from a larger group of broker-dealers under a one-year pilot program meant to strengthen the U.S. central bank's direct involvement...
Fed’s Pianalto floats reducing asset buying this year
NEW YORK (Reuters) - It would be wise to reduce the Federal Reserve's level of asset purchases before year end if the economy continues to improve, a top U.S. central...
Transparency alone won’t fix money markets: Fed’s Rosengren
NEW YORK (Reuters) - Moves by fund companies to post daily net asset values, while positive, will not alone protect investors from crisis-era panics in the troubled money markets, Federal...
Pension funds sue Blackrock, allege “looting” at iShares
NEW YORK (Reuters) - Two pension funds filed a lawsuit against Blackrock, alleging that the world's biggest asset manager had "looted" securities-lending revenues from iShares exchange-traded funds investors, and breached...
Crisis questions linger as Geithner exits public stage
(Reuters) - As U.S. Treasury Secretary Timothy Geithner prepares to step down on Friday, former colleagues are posing awkward questions about an allegation he leaked information on a planned interest...
Fed’s Lockhart sees bond buying beyond mid-2013
NEW YORK (Reuters) - The Federal Reserve will very likely need to continue its large-scale asset purchases into the second half of this year, since a big improvement in the...
Bernanke says raising the debt ceiling is critical
ANN ARBOR, Michigan (Reuters) - Federal Reserve Chairman Ben Bernanke on Monday urged U.S. lawmakers to lift the country's borrowing limit to avoid a potentially disastrous debt default, warning that...