Federal Reserve

Fed Scales Back Stimulus Bond Buying Program
The Federal Reserve is scaling back its stimulus bond-buying program to 75 billion dollars a month.  That's a drop of 10 billion a month, starting next month, and signals confidence in the economic recovery.  Outgoing Federal Reserve Chairman Ben Bernanke called it a modest move. …
Home And Stock Values Boost US Household Wealth
U.S. household net worth jumped $1.3 trillion in the spring, fueled by gains in home and stock values.
 
    The Federal Reserve says net worth rose to $74.8 trillion in the April-June quarter, up 1.8 percent from the first quarter...
Obama Hints At Bernanke Departure
President Barack Obama has given the clearest signal yet that Chairman Ben Bernanke will likely leave the Federal Reserve when his term ends in January.
During an interview with PBS' Charlie Rose that aired Monday, Obama said Bernanke has ``already stayed a lot longer than he wanted or he was su…