Federal Reserve http://www.kunc.org en A Locked Door, A Secret Meeting And The Birth Of The Fed http://www.kunc.org/post/locked-door-secret-meeting-and-birth-fed In 1907, the U.S. economy was in the grip of a financial crisis. Unemployment was up. The stock market was down.<p>People started panicking. They were lining up overnight to pull their money out of healthy banks. This can be deadly for an economy: Healthy banks have to shut down, businesses can't get credit, they lay people off, and the economy gets worse.<p>At the time, the U.S. government had no way to deal with the panic. There was no institution that could step in to stop the run on healthy banks. So the job of stopping the panic fell to one man: J.P. Mon, 23 Dec 2013 13:00:00 +0000 Robert Smith & Jacob Goldstein 53012 at http://www.kunc.org A Locked Door, A Secret Meeting And The Birth Of The Fed Fed Says It Will Continue Stimulus; Markets Reach New Highs http://www.kunc.org/post/fed-says-it-will-continue-stimulus-markets-reach-new-highs The Federal Reserve said today that it is not slowing down its monthly purchase of $85 billion in bonds.<p>The program is intended to stimulate a sluggish economy and the Fed was widely expected to announce that in light of a recovering economy, it was tapering the bond-buying program. Wed, 18 Sep 2013 18:28:00 +0000 49763 at http://www.kunc.org Fed Says It Will Continue Stimulus; Markets Reach New Highs No Inflation In Sight As Federal Reserve Policymakers Meet http://www.kunc.org/post/no-inflation-sight-federal-reserve-policymakers-meet Consumer prices rose a scant 0.1 percent in August from July and were up a modest 1.5 percent since August 2012, <a href="http://bls.gov/news.release/cpi.nr0.htm" target="_blank">the Bureau of Labor Statistics said Tuesday morning</a>.<p>The latest sign that inflation remains in check came just as Federal Reserve policymakers were gathering in Washington, D.C., for a two-day meeting. Tue, 17 Sep 2013 12:46:00 +0000 Mark Memmott 49698 at http://www.kunc.org With Summers Out, Will Obama Turn To Yellen For Fed Post? http://www.kunc.org/post/summers-out-will-obama-turn-yellen-fed-post Financial markets rallied Monday, a day after Lawrence Summers <a href="http://www.npr.org/blogs/thetwo-way/2013/09/15/222818139/summers-pulls-out-of-running-to-be-federal-reserve-chief">took himself out of the running</a> to be the next chairman of the Federal Reserve. Mon, 16 Sep 2013 17:40:00 +0000 49661 at http://www.kunc.org With Summers Out, Will Obama Turn To Yellen For Fed Post? Summers Pulls Out Of Running To Be Federal Reserve Chief http://www.kunc.org/post/summers-pulls-out-running-be-federal-reserve-chief Larry Summers has removed his name from the running to be the next chairman of the Federal Reserve. The former Treasury secretary informed President Obama of his decision in a phone call Sunday. Sun, 15 Sep 2013 21:15:00 +0000 Bill Chappell 49629 at http://www.kunc.org Summers Pulls Out Of Running To Be Federal Reserve Chief