Federal Reserve Chairman Ben Bernanke has been criticized recently by Republican presidential candidates who called for his firing and an audit of the central bank. Low opinions of the Fed come from a long history of criticism of its power and secrecy, extending back to Thomas Jefferson.
The Federal Reserve announced Wednesday it will indeed be "twisting" its portfolio in a bid to drive down long-term interest rates. Fed policymakers also announced steps to support the mortgage market.
The annual meeting of the Congressional Black Caucus kicks off Wednesday in Washington, D.C. Michel Martin speaks with CBC Chairman Rep. Emanuel Cleaver (D-MO) about African-Americans' 16.7 percent unemployment rate and why the CBC has not been more aggressive in criticizing President Obama.
International lenders return to Athens next week to discuss the next installment of a vital $150 billion bailout. Otherwise, Greece will go broke and default on its debt. Meanwhile, there's growing resentment among Greeks toward their EU partners and many think default is not such a bad idea.
Financial analysts speculate that Greece will default on some, or all, of its national debt. If that happens, more and more analysts believe Greece will be forced out of the eurozone. Seventeen countries use the euro.
The Federal Reserve is still searching for ways to help boost the economy and lower unemployment. Most economists expect the Fed to announce some sort of action on Wednesday. David Wessel, economics editor of The Wall Street Journal talks to David Greene about what action the Fed might take.
When you give to WAMU, your tax-deductible membership gift helps make possible award-winning programs such as Morning Edition, All Things Considered, The Diane Rehm Show, The Kojo Nnamdi Show, and other favorites.