US Congress

Extend Fed's regulatory power: Volcker

The Federal Reserve's role as a financial regulator must be expanded given its recent assistance to Bear Stearns and other investment banks, Paul Volcker, a former chairman of the Fed, said.

Send for Mr Greenspan

ARTICLE - When Alan Greenspan speaks to members of the US Congress today on the economic outlook, one can only hope the Federal Reserve chairman proves a little more successful at bolstering confidence in America's shaky economy than President George W…

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