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Jeff Kearns

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Brown shortens ban on fraternity accused of rogue partying

WASHINGTON - Brown University reduced its penalty against a fraternity accused of plying women with liquor and date-rape drugs, saying a laboratory test was...
R.I. SEN. JACK REED, center, introduced a bill this week that would add the New York Fed chief to the list of central bank officials who must be nominated by the president and confirmed by the Senate. / BLOOMBERG NEWS PHOTO/ANDREW HARRER

Fed reviews bank supervision as Senate committee begins hearings

WASHINGTON - On the eve of a Senate hearing today into whether the Federal Reserve has been “captured” by the institutions it is supposed...
FEDERAL RESERVE CHAIRWOMAN JANET YELLEN's comments echoed the message from minutes of the July Federal Open Market Committee meeting, which showed officials growing more aware that labor markets are returning to health. / BLOOMBERG NEWS FILE PHOTOS/ANDREW HARRER

Yellen: Labor market ‘yet to fully recover’

JACKSON HOLE – Federal Reserve Chair Janet Yellen said Friday she still isn’t satisfied with the U.S. labor market. Deciding when she is won’t...

Fed extends capital-plan deadline for RBS, Santander to Jan.

WASHINGTON – The Federal Reserve extended deadlines until next year for new capital plans from Citigroup Inc. and the U.S. units of HSBC Holdings...

Fed’s Plosser: U.S. jobless rate below 6% possible by year-end

Federal Reserve Bank of Philadelphia President Charles Plosser said the strongest U.S. economy in years, buoyed by a solid housing market, may push the...
R.I. SEN. JACK REED, center, speaks to reporters after voting on the nomination of Janet Yellen as chairman of the U.S. Federal Reserve in Washington, D.C., U.S., on Monday. Yellen, currently Fed vice chairman, won U.S. Senate confirmation to become the 15th chairman of the Federal Reserve and the first woman to head the central bank in its 100-year history. / BLOOMBERG NEWS PHOTO/ANDREW HARRER

Yellen’s record-low Senate support reflects Fed’s politicization

WASHINGTON - Janet Yellen’s confirmation as chairman of the Federal Reserve with the least Senate support on record shows that the central bank still...
THE U.S. FEDERAL Reserve says it will continue to bolster the economy by stimulating growth unless the unemployment rate falls to 6.5 percent or the inflation rate reaches 2.5 percent.  / BLOOMBERG FILE PHOTO/BRENDAN SMIALOWSKI

Fed boosts QE with $45B in monthly Treasury purchases

WASHINGTON - The Federal Reserve said it will buy $45 billion a month of Treasury securities starting in January, expanding its asset-purchase program, and...
PRESIDENT OF THE FEDERAL Reserve Bank of New York William C. Dudley said bolstering the housing market is key to economic growth. / BLOOMBERG FILE PHOTO/STEPHEN YANG

Fed’s Dudley says housing is key obstacle to economic growth

NEW YORK - Federal Reserve Bank of New York President William C. Dudley said weakness in the housing market is one of the main...
ERIC ROSENGREN, president of the Federal Reserve Bank of Boston, said cities with populations between 75,000 and 200,000 should get increased attention.  / BLOOMBERG FILE PHOTO/BRENDAN HOFFMAN

Fed’s Rosengren says mid-size cities are key source of growth

WASHINGTON - Federal Reserve Bank of Boston President Eric Rosengren said mid-size cities in the region will be a key source of economic growth...
THE U.S. FEDERALl Reserve building stands in Washington, D.C., U.S., on Saturday, Dec. 31, 2011. / BLOOMBERG FILE PHOTO/BRENDAN SMIALOWSKI

Unemployed burn as Fed fiddles on natural rate debate

WASHINGTON - Federal Reserve officials and economic advisers are debating far-reaching differences on whether to accept a jobless rate that doesn’t fall much below...
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