senate banking committee

Federal Reserve Chairman Ben Bernanke told Congress Friday that there's increasing evidence that a "self-sustaining" economic recovery is taking hold, but he said the Fed's $600 billion Treasury bond-buying program is still needed because it will take years for unemployment to drop to more normal...

Democrat Chris Dodd, the Connecticut senator who wants to weaken the Fed and name a top financial cop, won't run for reelection in 2010. His popularity has faded with the onset of the financial crisis and voters' perception that Dodd was under the sway of Wall Street.

Love him or hate him, Ben Bernanke, also known as Time magazine's Man of the Year, is likely headed for a second term as chairman of the Federal Reserve after the Senate Banking Committee gave him the thumbs up by a vote of 16 - 7 on Thursday.

Federal Reserve Chairman Ben Bernanke Thursday started the arduous process of confirmation for a second term as Chairman of the Federal Reserve. At hearings in Washington, the chairman of Senate Banking Committee, Sen. Christopher Dodd, called the central bank's record an "abysmal failure." Dodd...

Senate Banking Committee Chairman Chris Dodd unveiled his financial reform package on Tuesday and consumers could win big if the bill becomes law. Dodd proposes a strong Consumer Financial Protection Agency whose sole job will be to protect American consumers from fraud and abuse. He wants to be...