BY EDMUND L. ANDREWS
New York Times News Service

WASHINGTON — As he looks forward to a second term as chairman of the Federal Reserve, Ben Bernanke’s biggest challenge will be to undo much of what made him a hero during his…

Premier Bank will have to get permission from the Federal Reserve to pay dividends or take on debt, under a written agreement made public Tuesday.

The bank will also have to come up with a plan to keep sufficient capital, under…

There was plenty of gloom in the latest Federal Reserve report of business conditions (the “Beige Book”), out today. The Fed survey found that economic activity has been “slow” in most parts of the country, and has “softened” since the…

Today’s financial turmoil won’t end soon, William Poole, president of the Federal Reserve Bank of St. Louis, said Wednesday in a speech to financial planners in west St. Louis County.

He, however,  sees hopeful signs, including  economic forecasts for more growth in…