Case responds to hedge fund manager who argued the U.S. regulator’s internal process infringed on his constitutional rights
The Fed expects slower growth, lower inflation next year and in 2017
Recovered funds won’t be adjusted for interest or inflation
A default on Russia’s foreign debt obligations would inflict hundreds of billions in losses on lenders abroad
Regulator will take no further enforcement action against the bank
Proposed US$8 billion deal must still be approved by regulators in Europe
Bono serenades him with tribute song
Bernanke cites concerns about high U.S. unemployment levels, weak economic recovery
Jerry del Missier was appointed only last month