PHILADELPHIA, March 3 (Reuters) – Boston Federal Reserve Bank President Eric Rosengren said on Wednesday that he “strongly endorses” the idea of requiring banks to hold debt that converts into equity during times of duress.
Financial Regulatory Forum
WASHINGTON, March 2 (Reuters) – Representative Barney Frank, chief architect of financial reform in the U.S. Congress, told Reuters on Tuesday he “thought it was a joke” when he learned key senators were discussing putting a new financial consumer watchdog inside the Federal Reserve.
By Ann Saphir
MINNEAPOLIS, March 2 (Reuters) – Supervisory powers over banks are critical for the Federal Reserve to do its job, Minneapolis Fed President Narayana Kocherlakota said on Tuesday. (more…)
By Pedro da Costa and Mark Felsenthal
WASHINGTON, Feb 17 (Reuters) – Several Federal Reserve policymakers want to begin selling securities relatively soon to cut back on the massive amount of cash they have poured into the financial system, the U.S. central bank said on Wednesday.
By Mark Felsenthal
WASHINGTON, Feb 10 (Reuters) – Federal Reserve Chairman Ben Bernanke on Wednesday detailed how the U.S. central bank will begin to wean the economy off its extraordinary stimulus, even as he stressed it was not yet time to do so.
By Karey Wutkowski
ARLINGTON, Va., Jan 29 (Reuters) – A senior U.S. Federal Reserve official warned on Friday that the uncertain path of interest rates poses risks for banks inattentive to the match of durations among their assets and liabilities.
By Mark Felsenthal and Thomas Ferraro
WASHINGTON, Jan 28 (Reuters) – The U.S. Senate on Thursday approved Ben Bernanke’s nomination to a second four-year term running the Federal Reserve, the world’s most powerful central bank, despite deep misgivings over his perceived policy missteps.
By Kristina Cooke and Marc Jones
NEW YORK/FRANKFURT, Jan 27 (Reuters) – Major central banks on Wednesday said they will stop the emergency U.S. dollar lending introduced during the financial crisis, a significant milestone indicating growing confidence that the financial system is returning to health.
By Thomas Ferraro and Pedro da Costa
WASHINGTON, Jan 22 (Reuters) – Ben Bernanke’s nomination for a second term as U.S. Federal Reserve chairman, once seen a sure thing, appeared increasingly under threat on Friday after two Senate Democrats said they would vote against it.