Posts Tagged ‘Reserve’

Congressman Ron Paul questioned Federal Reserve Chairman Ben Bernanke at the Joint Economic Committee hearing "The Economic Outlook".Event: Joint Economic Committee HearingDate: 4/15/2010 Related posts: Ron Paul and Alan Grayson Call for Delay to Bernanke Confirmation Hearing Ron Paul ... Full story

Chairman Ben S. Bernanke Before the Committee on Financial Services, U.S. House of Representatives, Washington, D.C. March 25, 2010 ~~~ Chairmen Frank and Watt, Ranking Members Bachus and Paul, and other members of the Committee and Subcommittee, I appreciate the opportunity to discuss the Federal Reserve’s strategy for exiting from the extraordinary lending and monetary policies that it implemented to combat the financial crisis and support economic ... Full story

The US markets closed higher following the Federal Reserve announcement that interest rates were unchanged and will remain that way for some time.    The Dow closed  up 43 points or 0.4%  at 10,685, the  S&P500 was up 9 points or 0.8%  at 1159 and the Nasdaq was up 16 points or 0.7% at 2378. Full story

The Honorable Barack Obama President of the United States 1600 Pennsylvania Avenue, N.W. Washington, DC 20500 Dear President Obama: As you know, you will soon have the historic opportunity to nominate three candidates to the Federal Reserve Board of Governors. At this moment of great economic pain for millions of working families, we strongly urge you to appoint candidates to these positions who will fight to protect ... Full story

By Pedro Nicolaci da Costa WASHINGTON, March 1 (Reuters) – Richmond Federal Reserve Bank President Jeffrey Lacker on Monday proposed abolishing the authority of the U.S. central bank to lend to non-bank firms, which he said would help re-establish market discipline. “I and several others have suggested limiting the Fed’s ability to engage in extraordinary credit measures,” Lacker said in prepared remarks at a breakfast sponsored by ... Full story

Bizarre Spending Habits by Ron Paul Last week I had the opportunity to bring up spending and transparency in two important hearings. On Wednesday I questioned Federal Reserve Chairman Ben Bernanke on some highly questionable uses of funds at the Federal Reserve, and on Thursday I asked Secretary of State Hillary Clinton about exorbitant spending at the State Department. It is extremely important to ... Full story

Trillion-dollar interventions in the economy merit scrutiny by taxpayers and their representatives. by Ron Paul and Jim DeMint For nearly a century the Federal Reserve has operated in the shadows, away from the prying eyes of Congress, journalists and the American people. Created in 1913, the Fed was given enormous responsibility to protect the value of our currency. Yet in the last 96 years the ... Full story