Some US congressmen would appear to be upset by the impending departure from office of Federal Reserve chairman Alan Greenspan. Amid the tributes and accolades during Mr. Greenspan’s semi-annual report on the economy in front of the House Financial Services Committee, California Representative Brad Sherman, a Democrat, said that he is introducing a bill that [...]

The Chairman of the U.S. Federal Reserve testified before the Senate Banking Committee Wednesday that it is essential to strengthen the regulations governing the Fannie Mae and Freddie Mac mortgage finance companies, the largest and second largest buyers of home mortgages in the U.S., in order to lessen the risks to the finance system of [...]