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Federal Reserve

CHICAGO, IL - MAY 01: Traders monitor prices in the Standard & Poor's 500 stock index options pit at the Chicago Board Options Exchange (CBOE) prior to remarks from the Federal Reserve following the Feds two-day meeting of its policy-making committee on May 1, 2013 in Chicago, Illinois. Stating the economy was expanding at a 'moderate pace' and that the labor market had shown 'some improvement' the Federal Reserve said today that it would continue its stimulus campaign at the same pace it has maintained since December.

Newsday's coverage

  • Your Finances: Combating low returns

    isn't like Federal Reserve Board chairman Ben Bernanke and his colleagues have it in for old people -- I'm sure they are all very respectful of their elders.But their policy of holding interest rates as low as they need to be to keep the economy in modest   Read more »

  • Buffett: Stocks reasonable, bonds awful

    should pay more attention to stocks when falling prices are falling because that's a sign they are getting cheaper.The Federal Reserve 's efforts to keep interest rates low have helped the stock market soar, Buffett said, but the improving economy also has   Read more »

  • IMF warns central banks on asset bubbles, markets

    International Monetary Fund Wednesday urged the Federal Reserve and other central banks to closely monitor their extraordinary efforts to jump-start economic growth, warning that the policies could inflate asset bubbles and destabilize financial markets.The   Read more »

  • Federal Reserve opens probe into minutes' leak

    Federal Reserve said Wednesday it launched an investigation into the U.S. central bank's worst security lapse in years, but it said it appeared the early release of market-sensitive minutes of a policy meeting, including to some banks, was accidental.Minutes   Read more »

  • Irwin: Who will be the next chair of the Federal Reserve?

    whether his clear strengths overcome his weaknesses, whether his leadership style will work at the consensus-oriented Federal Reserve, and whether he is ready for a potentially tricky Senate confirmation process.ROGER FERGUSON: 7-1 (13 percent probability).   Read more »

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About Federal Reserve

The Federal Reserve System (also the Federal Reserve; informally The Fed) is the central banking system of the United States. Created in 1913 by the enactment of the Federal Reserve Act, it is a quasi-public (government entity with private components) banking system that comprises (1) the presidentially appointed Board of Governors of the Federal Reserve System in Washington, D.C.; (2) the Federal Open Market Committee; (3) twelve regional Federal Reserve Banks located in major cities throughout the nation acting as fiscal agents for the U.S. Treasury, each with its own nine-member board of directors; (4) numerous private U.S. member banks, which subscribe to required amounts of non-transferable stock in their regional Federal Reserve Banks; and (5) various advisory councils. As of February 2006, Ben Bernanke serves as the Chairman of the Board of Governors of the Federal Reserve System. Donald Kohn is the current Vice Chairman of the Board of Governors of the Federal Reserve System.

from Wikipedia

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