Fed Critics Hot Under Collar Over Dollar-Swaps to Europe
The Fed’s decision two weeks ago to lower the cost of dollar funding to liquidity-starved European banks has aroused criticism on the both the left and right, but also strong words from a noted bank analyst.
After Vote, GOP Expected to Win House; Fed to Announce QE Plan
Election day has finally arrived and while the true make-up of the next Congress won't be revealed until Wednesday, Republicans are optimistic they will win the 39 seats that will guarantee a takeover of the House. Republicans gaining control of the Senate, however, looks far less likely.