Senate Banking Committee News

Senate Banking Committee News From AOL News

Bernanke: Mideast Threat to US Economy Is Mild -- For Now

The spike in fuel prices, sparked by Mideast turmoil, currently poses only a mild threat of broader inflation because the ailing U.S. jobs market has kept a lid on wages, Federal Reserve Chairman Ben Bernanke told Congress today. But a continuing rise in the prices of oil and other commodities like steel, cotton and food...

Bernanke Warns High Oil Prices Could Threaten Economy

WASHINGTON -- Federal Reserve Chairman Ben Bernanke told Congress Tuesday that a prolonged rise in oil prices would pose a danger to the economy. But he said a more likely outcome is a temporary and modest increase in consumer prices - not runaway inflation. Bernanke, in prepared testimony to the Senate Banking Committee,...

Senate Republicans Yield on Financial Reform Bill

(April 28) -- The Wall Street overhaul championed by President Barack Obama was headed to the floor of the Senate after Republicans gave up filibuster efforts to keep it from debate. Senate Minority Leader Mitch McConnell said late today that negotiations between party leaders on the Banking Committee had achieved as much...

Senators Slam Bernanke Over Joblessness, but Fed Chief's Job Seems Safe

(Dec. 3) - The renomination hearing of Ben Bernanke had all the acrimony of a shipboard quarrel in perilous waters: Senators criticized the Federal Reserve chairman for failing to elude the financial storm but seemed disinclined to change captains while the economy and especially the jobs market are still far from safe...

Senate Banking Committee News From AOL

THE HUFFINGTON POST

JPMorgan's Jamie Dimon Willing To Testify On Trading Loss At Congressional Hearing

JPMorgan Chase CEO Jamie Dimon is willing to testify at a congressional hearing this spring on the bank's $2 billion trading loss.

Background on Senate Banking Committee

The United States Senate Committee on Banking, Housing, and Urban Affairs (formerly the Committee on Banking and Currency) has jurisdiction over matters related to: banks and banking, price controls, deposit insurance, export promotion and controls, federal monetary policy, financial aid to commerce and industry, issuance of redemption of notes, currency and coinage, public and private housing, urban development and mass transit, and government contracts.

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