Tag: federal reserve

The collapse got a temporary reprieve: Bear Stearns Cos., teetering on the brink of collapse from a lack of cash, got emergency funding from the Federal Reserve and JPMorgan Chase & Co. in the largest government bailout of a U.S. securities firm. After denying earlier this week that access to capital was at risk, Bear […]

That is the approach the fed seems to be taking towards the economy: Federal Reserve Chairman Ben Bernanke, warning Congress of a period of sluggish business growth, sent a fresh signal Wednesday that the central bank will again lower interest rates to steady the teetering economy. “The economic situation has become distinctly less favorable” since […]