The Federal Open Market Committee kept its interest rate target between zero and 0.25%, as expected, at the conclusion of its two-day meeting.
The Federal Reserve kept its key interest rate target between zero and 0.25%, without signaling when it might start hiking again.
The FDIC may continue to assess higher fees on the baking industry as it seeks to replenish its coffers.
President Barack Obama, in a speech on Wall Street Monday, told banks that they should cooperate with his reform objectives out of duty to taxpayers.
"This isn't about dollars and cents, it's about our fundamental value."
It's Congress to blame for the recession in part two of a five-part series.
Federal Reserve Chairman Ben Bernanke on Monday told Congress it should consider another round of economic stimulus to battle the economic downturn.
The federal government's plan to invest some $250 billion in equity in the ailing bank sector will have a greater impact than simply buying troubled assets, experts say.
The Senate, led by Majority Leader Harry Reid (D., Nev.), on Wednesday night approved a plan to allow the federal government to buy up to $700 billion in toxic securities clogging bank balance sheets. The bill now returns to the House.
The $700 billion bailout plan and mergers, like Citigroup's swallowing of Wachovia earlier this week, could lead to higher fees for consumers -- like it did after the savings & loan crisis in the 1980s.
