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Airplane door plummets onto Florida golf course

Facebook launch new 'Camera' app, with a catch

Jimmy Kimmel offers to mediate in Pacquiao-Mayweather fight

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Federal reserve bank boston News

US Study concludes the poor subsidize rich credit card users

Boston - A study published by the Federal Reserve Bank of Boston is recommending that American businesses reduce merchant fees and card rewards to rectify an imbalance that has the poor subsidizing the credit card use of the rich.

In the Media by Stephanie Dearing - 15 comments

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Fed to publish rate projections

The US Federal Reserve says it will publish regular interest rate forecasts in an effort to improve transparency at the central bank.

Bernanke comments rally US stocks

US stocks finish higher after Federal Reserve chairman Ben Bernanke hints the US central bank will keep in place its supportive monetary policy.

Bernanke says credit loosening

U.S. Federal Reserve Chairman Ben Bernanke said Thursday that many American businesses and consumers are finding it easier to borrow as banks shore up their balance sheets.

4 U.S. banks fail stress tests

The U.S. Federal Reserve said Tuesday four major American banks failed to show they have enough capital to survive another serious downturn. The list includes Citigroup, the nation's third-largest bank.

7 Places to Put Your Savings

While the Federal Reserve anticipates maintaing the federal funds rate, the rate at which banks lend to each other overnight, at zero to 1/4 percent through 2014, lending rates may be helpfully low, but savers are left with little interest.