Shutterstock Sen. Carl Levin’s Subcommittee on Investigations looked into some shady banking practices and reported that a hedge fund called A Renaissance Technologies LLC found a clever way of cheating the IRS. With the help of twoShow More Summary
The Fed will keep propping up the economy, said Binyamin Appelbaum in The New York Times. That was the main message Fed chairwoman Janet Yellen delivered this week when she appeared before the Senate Banking Committee to deliver the central bank's semiannual monetary policy report. Show More Summary
By David Moenning: The big event of Tuesday was Federal Reserve Chairwoman Janet Yellen's semi-annual testimony on monetary policy before the Senate Banking Committee. No one really expected Ms. Yellen to break any new ground with her prepared testimony. Show More Summary
By Dr. Duru: On July 15th, the Federal Reserve released its latest Monetary Policy Report as a part ofChair Janet Yellen's testimony before the Senate's Committee on Banking, Housing, and Urban Affairs. The report covers recent economic and financial developments, monetary policy, and a summary of economic projections. Show More Summary
Janet Yellen today took the stand in front of the Senate Banking Committee to answer questions about the Federal Reserve's monetary stimulus, the ongoing economic recovery, banking regulation, fiscal policy, and a host of other topics. Show More Summary
Janet Yellen today took the stand in front of the Senate Banking Committee to answer questions about the Federal Reserve's monetary stimulus, the ongoing economic recovery banking regulation, fiscal policy and a host of other topics....Show More Summary
Janet Yellen, the chairwoman of the Federal Reserve, just poured cold water on the social media sector Ahead of her appearance before the Senate Banking Committee on Tuesday, Yellen released the Fed's semi-annual Monetary Policy Report. Show More Summary
Federal Reserve Chair Janet Yellen testimony "Semiannual Monetary Policy Report to the Congress" Before the Senate Banking, Housing, and Urban Affairs Committee, Washington, D.C. (starts at 10 AM ET): In sum, since the February Monetary...Show More Summary
Federal Reserve Chair Janet Yellen on Tuesday said the U.S. labor market is healing but still needs support from the nation’s central bank. In prepared testimony for a hearing before the Senate Banking Committee, Yellen noted that hiring has picked up compared to last year, averaging 230,000 net new jobs per month this year. The […]
Federal Reserve Chair Janet Yellen is set to deliver her semiannual monetary policy report before the Senate Banking Committee at 10:00 am ET. These are Yellen's first comments since her press conference on June 18, which followed the latest FOMC meeting. Since that meeting, we've gotten a bunch of economic data, headlined by the June jobs report. Show More Summary
Good morning! Here's what you need to know: Here Comes Janet Yellen! Federal Reserve Chair Janet Yellen heads to Congress to give her Semiannual Monetary Policy Report. She will address the Senate Banking Committee today at 10:00 a.m. Show More Summary
Fed Chairwoman Janet Yellen testifies before the Senate Banking Committee on Tuesday, and the House Financial Services Committee on Wednesday.
Federal Reserve Chairwoman Janet Yellen will deliver her semi-annual monetary policy report to the Senate Banking Committee next Tuesday, July 15, the panel announced Tuesday.
Treasury Secretary Jack Lew testified before the Senate Banking, Housing, and Urban Affair Committee this week, and Republican Senator David Vitter grilled Lew on the missing IRS emails. Lew insisted there has been no evidence of any wrongdoing and told Vitter that sometimes, hard drive crashes really do just happen.
The next Senate Banking Committee chair? Well, this would be amazing: U.S. Sen. Sherrod Brown of Ohio is vying for the gavel of the powerful Senate banking committee in the next Congress – a possibility that has excited consumer groups...Show More Summary
HUD nominee Julian Castro’s confirmation hearing was going smoothly until the subject of eminent domain was posed. The San Antonio mayor freely discussed plans to support efforts to embolden the Senate Banking Committee’s HUD mortgage program and vowed to work with Congress to “wind won” Freddie Mac and Fannie. Once those controversial programs are gone,
Republican Senator Bob Corker had to issue an apology after using the word "midgets" during a Senate Banking Committee hearing this week. Corker took a shot at members of Congress trying to score political points off CBO numbers and said, "I'm sorry, it just feels like a bunch of midgets up here worrying about some CBO issue."
On the Web: California gets hip to bitcoin: Senate banking committee approves bill to legalize crypto-currencies - PandoDaily - "A bill to officially legalize cryptocurrencies and other alternative forms of money, recently passed the...Show More Summary
The state of California appears poised to become a lot more welcoming to bitcoin. A bill to officially legalize cryptocurrencies and other alternative forms of money, recently passed the California Assembly by a unanimous 75 to 0 vote and yesterday was approved by the state Senate Banking and Financial Institutions Committee by a 7 to 1 vote. The next step...
``Icahn's timing was certainly good. His purchases of Fannie and Freddie occurred on March 11, when Fannie's common stock plummeted 31% and Freddie's tumbled 27% on news that Senate Banking Committee leaders had reached tentative agreement on a bill to wind down the high-profile mortgage guarantors.''