...Federal Reserve delivered a shot in the arm to stressed financial markets by offering to take a huge chunk of now difficult-to-trade securities temporarily out of circulation. The offer amounts to a surgical strike at one of the most worrisome new developments...
...stock prices for the purpose of 'teaching stock market speculators a lesson,'" he added. Janet Yellen, president of the Federal Reserve Bank of San Francisco, said "we face a risk that the problems in the housing market could spill over" and sap consumer spending...
...specifically Section 31 U.S.C. 5103, entitled "Legal tender," which states: "United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges....
...> Guest Column > M R Venkatesh January 31, 2008 The recent cut in the benchmark interest rates by the US Federal Reserve by 75 basis points from 4.25 per cent to 3.50 per cent on January 22 and a further 50 basis points to 3 per cent on January...
...Treasuries advanced Tuesday after an emergency interest rate cut by the Federal Reserve failed to stanch stock market losses and investors continued their safe-haven bid for government debt. The Fed's sharpest rate cut in 23 years did pull European stocks...
...Fed's recent moves when he testifies on Wednesday before the congressional Joint Economic Committee. WASHINGTON -- The Federal Reserve announced Friday it will auction an additional $100 billion in April to cash-strapped banks as it continues to combat the...
...The Federal Reserve on Wednesday issued a downbeat assessment of the economy, predicting growth this year will be far slower than forecast just last fall, while inflation and unemployment will be higher. The forecast was released in conjunction with the minutes...
...2001 after the terrorist attacks of 9/11. Even before Fed officials began meeting in Washington on interest rates, the Federal Reserve Bank of New York moved aggressively to try to bolster confidence by injecting $70 billion into the financial system to provide...
...owned by "foreign governments, other central banks and official organizations around the world," according to the Federal Reserve Bank of New York's Web site. The gold doesn't belong to the U.S. government because the Federal Reserve is not part of any branch...
...Krishna Guha, chief U.S. economics correspondent for the Financial Times, discusses the move. JIM LEHRER: Today's Federal Reserve decision to cut interest rates again. Here to explain the what's and why's of the action is Krishna Guha, chief U.S. economics...