Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Next monetary policy hearings not likely to be routine
WASHINGTON (7/11/08)—Federal Reserve Board Chairman Ben Bernanke is slated to present his semi-annual economic forecast before Congress twice next week. Bernanke will appear before the Senate Banking Committee on Tuesday and the House Financial Services Committee on Wednesday. Although the public airing of the chairman’s assessment of monetary policy are routine and required under the Humphrey-Hawkins Act, the hearings next week may prove to be unusual. Lawmakers in both the House and Senate may decide to probe the Fed chief on a number of hot issues. For instance, the Fed’s rules on fair lending practices under the Home Ownership and Equity Protection Act are expected to come out Monday. Also, Bernanke may be quizzed further on comments made this week before Congress that the Fed should be given stronger supervisory authority over investment banks to help protect the broader economy from problems like ones that caused an emergency rescue of investment bank Bear Stearns.


RSS





print
News Now LiveWire
.@NACHAOnline report: ACH volume increases to 23B payments in 2014 http://t.co/va2WYMh4Zv
1 day ago
.@CUNA's @HampelBill in @washingtonpost on options for wary mortgage borrowers: http://t.co/CPSgTNgwmm
7 minutes ago
Housing starts thaw, mortgage rates stand pat #Market #NewsNow http://t.co/hhPj5v5AH3
45 minutes ago
.@CUNA files #RBC2 comment, urges #CU system to be heard #NewsNow http://t.co/yfoZHAMlZc
52 minutes ago
#NewsNow Youth Month attracts 100,000th member for Mich. CU http://t.co/cgF5o83XlK
1 hour ago