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Sen. Sanders blasts conflicts of interest at the Federal Reserve

Sen. Bernie Sanders on Wednesday explained the importance of ending conflicts of interest at the Federal Reserve. Jamie Dimon, the CEO and chairman of JPMorgan Chase, serves on the New York Fed’s board of directors. The Fed supervises the financial sector and decides whether to provide bank holding companies with…

Fed sees sharp U.S. budget cuts as ‘sizable risk’

WASHINGTON — The Federal Reserve sees a quick, sharp tightening of US spending as a “sizable risk” to the economy, minutes from a recent top-level policy meeting revealed Wednesday. “Several” members of the Fed’s interest rate-setting panel have expressed fears that uncertainty about dramatic budget cuts could curb business hiring…

Rising fuel costs cloud U.S. economic outlook: Fed

WASHINGTON — Higher gasoline prices are muddying what is an otherwise improving outlook for the US economy, the Federal Reserve said in a keenly watched report, published Wednesday. In its Beige Book survey — which frames its policy meeting later this month — the Fed held its cautious optimism about…

Stewart: U.S. government is ‘world’s dumbest loan shark’

In this segment from last night’s Daily Show, Jon Stewart reacts to the news that the Federal Reserve secretly bailed out U.S. banks to the tune of an interest-free 7.7 trillion dollars, then borrowed the money back from the banks with interest. And in the process, something unspeakable happens to…

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