Federal Reserve System

University of California professor Raphael Bostic has made history Monday as the first African-American president of one of the Federal Reserve's 12 regional banks.

Federal Reserve Chairman Ben Bernanke said Wednesday that the U.S. economy’s growth rate will pick up over the rest of 2011, to nearly 3 percent, according to projections presented to Congress. Bernanke says employment was significantly improved by the recent round of quantitative easing which injected another $600 billion dollars into the financial system, which […]