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Federal Reserve

WNYC News

NY-NJ Economy Will Recover Quickly from Sandy: NY Fed

Thursday, November 29, 2012

The Federal Reserve Bank of New York said the New York-New Jersey regional economy will recover from Sandy by early 2013, but places like the Rockaways, Long Beach and parts of the Jersey Shore will need months and months more to bounce back.

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The Takeaway

Will Friday's Anemic Jobs Report Cause the Fed to Act?

Monday, September 10, 2012

Friday's growth report was disappointing, and the economy is growing at a snail's pace. Is this growth slow enough to justify another round of 'quantitative easing'?

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WNYC News

Fed Takes No New Steps To Boost Economy

Wednesday, August 01, 2012

The Federal Reserve said Wednesday that the U.S. economy is losing strength and repeated a pledge to take further steps to stimulate growth if the job market doesn't show sustained improvement.

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The Takeaway

Fed Considers Moves to Lower Unemployment

Wednesday, August 01, 2012

The financial recovery is happening very, very gradually, and the Federal Reserve's policy-making committee predicted in June that without any changes in the organization’s behavior, unemployment would decrease by only a small margin in the second half of the year if, in fact, it decreases at all. 

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Money Talking

Money Talking: Has the Fed Run Out of Tools?

Friday, July 27, 2012

The American economy is slowing down.

GDP grew at a 1.5 percent rate in the second quarter, down from 1.9 percent in the first quarter, and anticipation is growing over what the Federal Reserve's policy-making committee will decide when it meets next week.

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It's A Free Country ®

NY Rep. Bob Turner Lone Republican to Vote Against 'Audit the Fed'

Wednesday, July 25, 2012

By an overwhelming bipartisan vote of 327 – 98, the House of Representatives approved Ron Paul’s “Audit the Fed” bill Wednesday afternoon.

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It's A Free Country ®

Explainer: Where Has Forty Percent of our Wealth Gone in the Past 10 Years?

Tuesday, June 12, 2012

Are you better off than you were ten years ago? According to a recent survey from the Federal Reserve, only one group is: the wealthiest 10 percent.

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WNYC News

Bank Stress Test Results In

Tuesday, March 13, 2012

The Federal Reserve released the results of “stress tests” for 19 financial institutions Tuesday — two days ahead of schedule — after J.P. Morgan Chase announced it successfully passed the test and was boosting dividends.

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The Takeaway

This Week's Agenda: State of the Union, State of the Economy

Monday, January 23, 2012

This week, President Obama delivers the State of the Union, then travels to five states that promise to be key battlegrounds for this year's election: Iowa, Arizona, Nevada, Colorado and Michigan. As the President begins his swing state tour, Republican candidates will be setting up camp in Florida, preparing for two debates in the next primary state.

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WNYC News

Fed Nearing a Plan to Clarify Direction of Rates

Tuesday, December 13, 2011

The Federal Reserve under Ben Bernanke has gone further than ever to explain its policies to the public. It's ready to go further still.

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The Takeaway

Weighing Solutions for Euro Zone Crisis

Thursday, December 01, 2011

In an effort to help alleviate the symptoms of Europe's debt crisis, the Federal Reserve, the European Central Bank, and other international banks funneled U.S. dollars into European financial systems on Wednesday. The move helped markets by making American dollars more easily available outside the U.S. Stocks shot up in reaction to the news. The increased liquidity had the immediate effect of boosting the Dow Jones industrial average by 484 points. It was the biggest single day gain since March 2009. Some wondered, however, whether the move was a smart long-term investment, or just a temporary fix.

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The Brian Lehrer Show

What Really Happened During the Bank Bailout?

Wednesday, November 30, 2011

Bloomberg News reporter Bob Ivry discusses this week's reporting - based on a batch of recently acquired documents - on the bank bailout: from the real size to the secret negotiations.

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It's A Free Country ®

Explainer: Is Glass-Steagall Back? And Would it Prevent the Next Financial Crisis?

Wednesday, November 30, 2011

Bloomberg News reports what the Federal Reserve wouldn't: that the United States' central bank committed $7.77 trillion to bailing out the financial industry in the wake of the 2008 crisis, netting banks $13 billion in profits in the process.

The Fed's bailout package was more than ten times ...

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The Takeaway

This Week's Agenda: Euro Zone, Jobs, 7 Billion People

Monday, October 31, 2011

The markets responded positively to the news last week of a euro zone deal to try and turn around their two-year financial crisis. Marcus Mabry, editor-at-large of the International Herald Tribune, which is the international edition of The New York Times, tells us how he expects the markets to continue to go this week and to be on the lookout at Italy, which could be the next euro zone country to be in financial trouble. Charlie Herman, business and economics editor for WNYC and The Takeaway, looks at the upcoming G20 Summit in France this week, and if they can come up with a framework to deal with Europe's economic troubles.

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It's A Free Country ®

Taibbi and Prins: Occupying Wall Street Before it Was Cool?

Tuesday, October 18, 2011

[Banks are] continuing to overvalue awful assets that they created into the 2008 beginning of the current crash we have, and they're being given a free pass by the Federal Reserve, the government, and everything else, which is exactly what happened in 1929.

Nomi Prins, senior fellow at Demos, former investment banker, and author of the new novel Black Tuesday, on The Brian Lehrer Show

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The Takeaway

Global Markets Fall After Fed Warning

Thursday, September 22, 2011

European and Asian markets are being hammered this morning as markets react to the Federal Reserve's warning about the weak state of the U.S. economy, and fears of another recession in the euro zone. On Wednesday, the Fed predicted the U.S. economy was still years away from a full recovery, and announced it would buy long-term Treasury bonds and sell short-term bonds to stimulate lending. Andrew Walker, economics correspondent for the BBC, has the latest.

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The Takeaway

This Week's Agenda: Interest Rates, Taxing the Wealthy, Palestine

Monday, September 19, 2011

This week, Ben Bernanke and the Federal Reserve will hold a rare two-day meeting to decide on interest rates, which are currently close to zero. Meanwhile, President Obama will release details of his deficit reduction plan this morning, and one key component is taxing the wealthy, which has many Republicans screaming "class warfare." The Clinton Global Initiative annual meeting begins tomorrow, and the primary topic of discussion will be jobs, as unemployment and poverty prove to be an ever-increasing global problem. Later in the week, the Palestinian Authority will ask the United Nations Security Council for full membership, which the U.S. has already said they will veto.

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The Takeaway

This Week's Agenda: Obama's Jobs Tour, First Tea Party Debate

Monday, September 12, 2011

President Barack Obama continues his jobs tour this week, with stops in Columbus, Ohio and Raleigh-Durham, N.C., rallying support for his jobs plan. Federal Reserve Chairman Ben Bernanke is expected to speak at a conference on regulation of systemic risk on Thursday, five days before the Federal Open Market Committee begins its meetings next week. Tonight, is the first Tea Party debate, which GOP presidential hopefuls Michele Bachmann, Mitt Romney and Rick Perry are expected to attend. And Anthony Weiner's old Congressional seat in New York's ninth district is up for grabs in a special election tomorrow.

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The Takeaway

This Week's Agenda: 9/11, Economy, Libya

Monday, September 05, 2011

It's Monday, so we're discussing news ahead for the week. Next Sunday will be ten years since the 9/11 attacks. This will be a week of reflection — not just for Americans but for everyone around the world. As we remember 9/11, many Americans are still without jobs and struggling to make ends meet. Charlie Herman, business and economics editor for WNYC and The Takeaway, says not to expect anything game-changing from Federal Reserve Chairman Ben Bernanke's speech this Thursday in Minnesota on the economic outlook. His speech will be followed by President Barack Obama's jobs speech. And across the Atlantic, Dominique Strauss-Kahn returned to France over the weekend, and the hunt for Col. Muammar Gadhafi continues in Libya.

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The Takeaway

The Changing Nature of Economic Retreats

Friday, August 26, 2011

Many eyes are on Jackson Hole, Wyoming today, as the markets wait on remarks from Federal Reserve Chairman Ben Bernanke. It was at last year's Fed Symposium that Bernanke laid the groundwork for the Fed to buy $600 billion in treasury bonds to stimulate the deflating economy. Many are hoping that this year, the Fed will unveil another economy-boosting plan. Conferences like the Fed retreat at Jackson Hole or Davos weren't always considered backdrops for major policy announcements. When did this change? And why?

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