Free Talk Live

A Federal Reserve decision to let Chinese banks acquire U.S. lenders was challenged by Senator Bob Casey, who said it could open the way for Chinese government-run institutions to undercut U.S. banks.

man tries to redeem a 100 dollar bill at the federal reserve bank

In March, Kevin Brady (R-TX) introduced H.R.4180 (Sound Dollar Act) and Mike Lee (R-UT) introduced a companion bill (S.2247 Federal Reserve Modernization Act) in the Senate. These two bills are actually seven pieces of legislation, put into a single bill. There is nothing in this bill that would prevent the Federal Reserve from continuing to inflate the currency. Nothing to prevent future cycles of “boom and bust.” The “Sound Dollar Act” is another misnamed piece of legislation designed to trick the American people into supporting bad legislation.

Every year around this time, millions of Americans fill out a form 1040 – hoping they don't have to write a check to Uncle Sam. Millions more know they will be getting a “refund” (which is normally a return of some portion of their money that was withheld in excess of what the IRS thinks they were owed) while a smaller number will receive a “refund” in excess of the amount withheld by the IRS.

A Malaysian man hacked his way into the Federal Reserve Bank's computers in Cleveland and also separately had more than 400,000 stolen credit card numbers when Secret Service agents finally caught up with him, federal prosecutors said.

November 3rd is when the Federal Reserve's next policy committee meeting ends, and if you thought this was just another boring money meeting you would be wrong. It could be the most important meeting in Fed history, maybe. The US central bank is expected to announce its next move to boost the faltering economic recovery.

NEW YORK (CNNMoney.com) -- The Federal Reserve made $9 trillion in overnight loans to major banks and Wall Street firms during the financial crisis, according to newly revealed data released Wednesday.

The Federal Reserve Open Market Committee (FOMC) has made it official: After its latest two day meeting, it announced its goal to devalue the dollar by 33% over the next 20 years. But, an increase of 2% a year over a period of 20 years will lead to a 50% increase in the price level. It will take 150 (2032) dollars to purchase the same basket of goods 100 (2012) dollars can buy today. What will be called the “dollar” in 2032 will be worth one-third less (100/150) than what we call a dollar today.

he Federal Reserve wants to know what you are saying about it. In fact, the Federal Reserve has announced plans to identify "key bloggers" and to monitor "billions of conversations" about the Fed on Facebook, Twitter, forums and blogs.