Lawmakers Lambaste New York Fed Chief on Lax Oversight
WASHINGTON—The head of the Federal Reserve Bank of New York defended the regulator’s oversight of large financial firms amid tough questioning from Senate Democrats, who accused the Fed of kowtowing to the biggest banks. William Dudley , the New York Fed’s president appearing at a Senate hearing, denied his institution has
VIDEO RELEASE: Merkley Grills New York Fed President on Too Big To Jail
WASHINGTON – Today, as the Senate Banking Committee held a hearing on whether banking regulators have become too close to the banks they oversee, Oregon’s Senator Jeff Merkley grilled the President of the Federal Reserve Bank of New York on whether a lack of individual prosecutions at big banks shows
Merkley on Senate Commodities Report: “Extremely Disturbing,” Regulators Must Act
WASHINGTON – Oregon’s Senator Jeff Merkley released the following statement after the U.S. Senate Permanent Subcommittee on Investigations released a report and held hearings finding that Wall Street banks have become heavily involved in the ownership and control of physical commodities, raising the potential for market manipulation. The commodities involved
Merkley and Wyden Announce $8.4 Million to help Oregonians Get Back to Work
Washington DC – Today, Oregon Senators Jeff Merkley and Ron Wyden announced that the U.S. Department of Labor has awarded Oregon $8.4 million to help get unemployed Oregonians back to work. The grant awarded to Worksystems Inc. is part of the Ready to Work Partnership and will help recruit, train,
Policy changes needed to reverse economic inequality in U.S.
WASHINGTON – Skewed economic policies are a driving factor for economic inequality in the United States. That’s the opinion of witnesses at a hearing held by the Senate subcommittee on economic policy Sept. 17 chaired by Sen. Jeff Merkley, D-Ore. Areas of significant difference in policy were taxes and deficits, trade and globalization,
Merkley Slams Filibuster that Blocks Equal Pay Legislation
Today Oregon’s Senator Jeff Merkley released the following statement after a Senate minority used a filibuster to once again block a vote on the Paycheck Fairness Act, legislation that would help ensure equal pay for equal work for all Americans: “Paying women the same as men is a matter of
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