There will be many events commemorating the signing of the Federal Reserve Act in December 1913.
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Sensing this danger, the original Federal Reserve Act of 1913 prohibited the Fed from buying or holding government debt.
Hawkins Full Employment Act and Federal Reserve Act that govern its behavior.
Hence, on December 23, 1913, during the term of President Woodrow Wilson, Congress passed the Federal Reserve Act and the Fed was born.
To make it easy for the Treasury to sell those bonds, Congress also amended the Federal Reserve Act to allow the Fed to hold government bonds as collateral.
In fact, the Fed was established as a result of the Panic of 1907 and the discount mechanism and rate were the only tools of monetary policy given to the Fed in the Federal Reserve Act.
People of both parties have no confidence in our banks and the Federal Reserve to act in our best interests.
This holiday shortened thirty sixth trading week of 2012 comes to a close with analyzing fresh jobs data that and hoping that the weak report would spur the Federal Reserve to act.
Many market participants are on the sidelines, or are tentative, as they wait to see if the U.S. Federal Reserve will act to implement another round of quantitative easing of U.S. monetary policy nicknamed QE3.
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Many market participants are also on the sidelines, or are tentative, as they wait to see if the U.S. Federal Reserve will act to implement another round of quantitative easing of U.S. monetary policy nicknamed QE3.
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The administration and the federal reserve had better act soon to shore up the U.S. dollar.
Meanwhile, the financial world relies on Alan Greenspan, chairman of the Federal Reserve, to act as its swing producer, pumping a little more liquidity into the system when prices are soft, a little less when they drift too high.
After the CARD Act, the Federal Reserve added new rules for the penalty rate.
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If the Federal Reserve were ever to get its act together, that's exactly what would take place.
The Federal Reserve was set up in 1913 to act as lender of last resort.
Together with Administration's Financial Stability Plan, its actions to aid distressed homeowners, and actions by the Federal Reserve and other regulators, the Recovery Act is generating one of the sharpest economic turnarounds since World War II.
The Humphrey Hawkins Act of 1978 made the Federal Reserve responsible for creating the monetary means to achieve full employment while maintaining price stability.
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The Federal Reserve wrote a specific regulation under the CARD Act to prevent consumers and households from taking on more debt than they can handle.
But it really goes through laying out not just the American Recovery and Reinvestment Act, but what the Federal Reserve did, all of the policies for financial stability, our housing program.
That liquidity crisis is why the Federal Reserve had to step in last week and act as commercial bank of last resort, agreeing to buy short term notes called commercial paper directly from companies.
Confidence that the economy, though slowing, will not slide into another recession is bolstered by confidence that the Federal Reserve, America's central bank, will act to prevent that.
Yet, although Glass-Steagall was scrapped last year, Merrill has not formed a bank-holding company, regulated by the Federal Reserve, which the replacement Gramm-Leach-Bliley act allows.
"The Federal Reserve should exercise its authority under the Home Ownership and Equity Protection Act and the FTC Act to prohibit these abusive practices and products for all mortgage market participants, regardless of what kind of charter they have, " said Dodd in his opening statement.
Land can act as a hedge against inflation, and thanks to Federal Reserve Ben Bernanke, there is plenty of cheap financing to be had.
The Federal Reserve has a tradition of independence from the government, and therefore, can act faster rather than later when there is a clear and present danger for the economy.
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In the short term, he says that the Federal Reserve's continued campaign to hike interest rates could bring on a recession or act to ignite inflation, rather than to dampen it.
Philadelphia Federal Reserve Bank President Charles Plosser said he wanted the U.S. central bank to act to address inflation now.
The Federal Reserve System, reconfigured by the Banking Acts of 1933 and 1935, is able to act quickly to prevent a high-finance crisis from becoming a credit-card crunch.
Yet the Bank of Japan began to act about six months after land prices began to slide, while the Federal Reserve was debating whether there was a real estate bubble six months after it burst.
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After all, they say, many of the worst elements of the Glass-Steagall act have been disabled by the courts or by regulators such as the Federal Reserve reinterpreting what commercial banks are allowed to do.
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