Businesses across the country surveyed by the Federal Reserve don’t appear to share the Trump administration’s optimism about a rapid economic recovery starting this summer. The Federal Reserve released a report Wednesday that draws on business contacts from the central …
U.S. home construction rebounded in July, rising to the fastest pace in eight months and offering hope that housing has regained momentum after two months of declines. Construction increased 15.7 percent in July to a seasonally adjusted annual rate of …
Chairman Ben Bernanke said Friday that the Federal Reserve was left with few good options when it stepped in to shore up the largest U.S. financial institutions during the 2008 crisis. Bernanke defended the central bank’s actions to support insurance …
The Federal Reserve paid the federal government $76.9 billion in 2011, the second highest amount in history. The central bank earned the money from investments made to bolster the U.S. economy. The Fed reported that the 2011 payment is down …
A top executive of American International Group Inc. has been granted a $4.3 million pay-package bump by the troubled insurance giant’s majority owner — the U.S. government — because the executive has decided to remain with the company. Kenneth Feinberg, …
The Bush administration is proposing a sweeping overhaul of the way the government regulates the nation’s financial services industry from banks and securities firms to mortgage brokers and insurance companies. The plan would give major new powers to the Federal …
The Bush administration plans to review the U.S. government’s regulatory system for financial institutions with the goal of making changes to better reflect modern markets. Treasury Secretary Henry Paulson said the review, which will be conducted by officials at his …
