The Federal Reserve bank is scheduled to meet this morning. One thing the Fed could do is a third round of quantitative easing — but analysts say not to expect any major policy moves this afternoon.
Now that partisan politics has rendered the government unable to function, only one player in Washington has the power to affect the economy: the Federal Reserve
Lawmakers got their once-in-a-quarter shot at grilling Fed Chairman Ben Bernanke today. Many of the questions appeared to have less to do with matters like stimulus and the debt ceiling, and more to do with representatives' political agendas.
Richard DeKaser, economist with the Parthenon Group, explains what he expects from Federal Reserve Chairman Ben Bernanke's testimony today on Capitol Hill, and what we can expect from the Federal Reserve.
As part of the government bailout of AIG, the Federal Reserve bought $16 million worth of mortgage-securities from the company. Now, thanks to changes to the bond and housing markets, it may be stuck with them for a while.
Diane Swonk, chief economist with Mesirow Financial, takes a look back at QE2 and the effects it had on the global economy, inflation and commodity prices.
Bruce McCain, chief investment strategist at Key Private Bank, explains the end of the Federal Reserve's bond-buying program — and predicts what happens to the U.S. economy now.