Craig Torres

Fed failed to heed housing-bubble alarms

Federal Reserve staff members and policymakers identified a housing bubble in 2005, and failed to alter a predictable path of interest-rate increases to slow down...

Fed says banks got tough on lending

The Federal Reserve said more banks made it harder to borrow money as defaults and delinquencies on home loans soared and the economy faltered...

Fed chief getting better marks

Federal Reserve Chairman Ben Bernanke is beginning 2007 with considerably more credibility in the markets than he had when he took office...