Federal Reserve | featured news

Federal Reserve Chairman Ben Bernanke said Friday a government program intended to spark lending to consumers and businesses is still necessary even with other emergency lending programs winding down as the economy recovers.

The U.S. Federal Reserve is expected to take note of an improving economy at the close of a meeting on Wednesday, while cautioning that high unemployment puts the recovery at risk.

US President Barack Obama is to announce he is reappointing Ben Bernanke to a second term as chairman of the US central bank, the Federal Reserve.

Americans think the Federal Reserve is doing a worse job than even the much-maligned Internal Revenue Service.

Some senators criticize a plan that would give the Federal Reserve more power to police large companies.

The Fed made almost $2.7 billion last quarter when gains and losses on its myriad lending facilities, asset holdings and loans to Bear and AIG are tallied up. (Report)

House lawmakers on Tuesday said they have subpoenaed the Federal Reserve to hand over e-mails, notes and other documents related to its role in Bank of America Corp.'s acquisition of Merrill Lynch & Co.

The Federal Reserve and Treasury plan to release results of their tests assessing the health of the country's 19 largest banks next Thursday, later than previously planned.

The Fed dramatically increased the amount of money it will create out of thin air to thaw frozen credit markets.

The Federal Reserve is launching its much-awaited program aimed at boosting the availability of credit to consumers and small businesses.