Craig Torres

October 10, 2014 | Daily Business Review

The Fed needs a clear strategy for getting the inflation rate higher after falling short of its 2 percent target for 28 consecutive months.

By Craig Torres

4 minute read

May 07, 2008 | Daily Report Online

A month after the Federal Reserve rescued Bear Stearns Cos. from bankruptcy, Chairman Ben S. Bernanke got an S.O.S. from Congress. There is "a potential crisis in the student-loan market" requiring "similar bold action," Chairman Christopher Dodd of Connecticut and six other Democrats wrote Bernanke. They want the Fed to swap Treasury notes for bonds backed by student loans.

By Craig Torres

7 minute read

June 22, 2009 | Daily Report Online

Federal Reserve officials will oppose the Obama administration's proposal to strip the central bank of its powers to protect consumers from predatory lending. Policy makers will resist President Barack Obama's blueprint because its new Consumer Financial Protection Agency would supplant the Fed's authority to write rules on lending and disclosure practices on mortgages and credit cards.

By CRAIG TORRES and SCOTT LANMAN

5 minute read

June 26, 2007 | Daily Report Online

By Craig Torres

6 minute read

November 13, 2009 | Daily Report Online

The Federal Reserve faces the biggest blows to its authority and independence in five decades under legislation championed by its lead overseer in the U.S. Senate.The financial-regulation overhaul proposed Tuesday by Sen. Christopher Dodd would strip the Fed of its role as a bank supervisor and give Congress a greater voice in naming the officials who set interest rates.

By Scott Lanman and Craig Torres

5 minute read

February 19, 2010 | Daily Report Online

Federal Reserve officials set a long-term goal to keep only U.S. government securities in their portfolio as they debated how and when to pull back on the most aggressive monetary policy in U.S. history.Central bankers are planning to eventually remove $1.43 trillion of housing debt from the balance sheet after critics such as Stanford University economist John Taylor accused them of straying beyond monetary policy.

By Craig Torres

5 minute read

March 31, 2011 | Daily Report Online

By Craig Torres and Bob Ivry

9 minute read

July 25, 2008 | Daily Report Online

By Craig Torres

5 minute read

March 31, 2008 | Daily Report Online

Federal Reserve officials may be rethinking their aversion to acting against asset-price bubbles, an article of faith during former Chairman Alan Greenspan's 18 years at the helm. After this month's near-collapse of Bear Stearns Cos., Minneapolis Fed Bank President Gary Stern-the longest-serving policy maker-said in a speech last week that it's possible "to build support" for practices "designed to prevent excesses.

By Craig Torres and Vivien Lou Chen

5 minute read

November 01, 2007 | Daily Report Online

By Craig Torres

4 minute read