By Daniel Geiger 1/26 9:27am

Commercial Observer

33 Maiden Lane.

Federal Reserve Takes 33 Maiden Lane

The Federal Reserve of New York has stepped in to buy 33 Maiden Lane, a 570,000-square-foot downtown skyscraper that the Fed uses for a portion of its Manhattan offices. 

“The Federal Reserve Bank of New York has entered into an agreement to acquire the building at 33 Maiden Lane in lower Manhattan,” a New York Fed spokesperson confirmed in a prepared statement issued yesterday afternoon to The Commercial Observer. “The Bank is now in a final due diligence phase prior to the expected closing in the first quarter.” Read More

By Foster Kamer 8/08/11 2:32pm

THREE'S A TREND!

"L8R."

Bernanke Abandoned! Three’s a Trend After International Economic Adviser Sheets Ends 18-Year Run With Fed

Three hours before President Obama’s “eff an S & P” presser, a tidbit of news broke about a staffing change at the Federal Reserve: Nathan Sheets, the Fed’s chief international economic adviser—or: the director of the Division of International Finance—is getting out of dodge. Mr. Sheets, who started with the Federal Reserve Board in 1993 as an economist, had been there for 18 years. More importantly, he’s the third in a trend of (take a guess)… Read More

By Foster Kamer 4/27/11 8:00pm

FREE BIRD!

Live with Ben Bernanke! A Peanut Gallery’s Review of Fed Chair’s First Presser

Mark it: an important moment in American history today, not even counting the time a reality television star’s consistant trolling forced the American President to present evidence of his citizenship. Rather, today was the very first U.S. Federal Reserve press conference, featuring big-money-cheap-date Ben Bernanke! What great revelations did we learn? What spiked-bat questions will Read More

By Mike Taylor 12/20/10 8:33pm

Financial Reform

Fed Not in a Rush to Oversee Hedge Funds

The United States Federal Reserve, which is charged with overseeing the financial system, is not convinced that there’s any hedge fund that could endanger the entirety of U.S. capitalism, and therefore it’s not convinced that the funds need Fed oversight.

Reuters reports on the Fed’s assessment, citing a person familiar with the Fed’s position. Read More

By Mike Taylor 12/17/10 2:41pm

Wall Street

Morning Roundup: No Luck for Ireland

  • Moody’s downgraded Ireland’s credit rating five notches and said more downgrades could come if the country didn’t figure out how to deal with all its debt. [WSJ]
  • If Ron Paul proceeds to hector the pants off Ben Bernanke in his new role as congressional Federal Reserve overseer, he’ll be following a long-established Read More

By Mike Taylor 12/14/10 7:37pm

Quantitative Easing

Fed’s Money Printing to Continue

The Federal Reserve continues to view the economic recovery as too slow for comfort, and is therefore proceeding with its controversial plan to print $600 billion and buy long-dated Treasury securities with the newly created funds, the central bank announced today. It cited several factors in this decision that are probably well known to Read More