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federal reserve bank News

Op-Ed: Head of NY Fed deserves praise for tough talk on student loans

New York - The head of the Federal Reserve Bank of New York calls out the questionable practice of giving government-subsidized college loans to all comers...without any regard for their ability to perform academically.

Senate votes in Yellen as first woman chair of Federal Reserve

Washington - The U.S. Senate, Monday, approved the appointment of Janet Yellen as head of the Federal Reserve. Yellen, 67, will become the first woman to preside over the US central bank, the most powerful in the world.

Germany to check its gold reserves stored in United States

German government auditors have requested the Bundesbank, Germany’s equivalent of the Federal Reserve, to check up on Germany’s gold reserves much of which are in secure storage at banks abroad.

FBI, NYPD thwart Federal Reserve Bank terror bombing plot

New York - Agents with the Federal Bureau of Investigation (FBI) have arrested a man after he allegedly attempted to detonate a bomb outside the Federal Reserve Bank in the lower Manhattan’s financial district of New York City.

Op-Ed: Will QE3 be positive for global economy?

There is much speculation as to whether the United States' third round of quantitative easing, known as QE3, will set sail shortly.

US Federal Reserve Bank secretly funding European Sovereign Debt

A currency swap program created back in 2008 -2009 by the US Federal Reserve Bank to bail out American banks has been converted to provide much needed funds to European banks.
 

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Federal Reserve Bank in New York City
Federal Reserve Bank in New York City
Dmadeo (CC BY-SA 3.0)

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