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Articles by Edmund L. Andrews

THE NEW YORK TIMES
December 4, 2009
Under fire from Democrats and Republicans alike, Ben S. Bernanke PhD ’79 on Thursday defended his record as chairman of the Federal Reserve but conceded that the central bank’s lapses contributed to the financial crisis.
THE NEW YORK TIMES
September 11, 2009
One of President Barack Obama’s top economic strategists said on Thursday that the government was now starting to shrink many parts of the gigantic financial bailout that followed the collapse of Lehman Brothers last September.
THE NEW YORK TIMES
May 8, 2009
After subjecting the nation’s biggest banks to the most public scrutiny in decades, federal regulators ordered 10 of them on Thursday to raise a total of $75 billion in extra capital and gave the rest a clean bill of health.
THE NEW YORK TIMES
December 5, 2008
After pouring vast amounts of money into financial institutions of almost every type, and having little to show for it, the Bush administration and the Federal Reserve are suddenly taking a new look at ordinary homeowners.
THE NEW YORK TIMES
December 2, 2008
The U.S. economy officially sank into a recession last December, which means that the downturn is already longer than the average for all recessions since World War II, according to the committee of economists responsible for dating the nation’s business cycles.
THE NEW YORK TIMES
October 24, 2008
For years, a congressional hearing with Alan Greenspan was a marquee event. Lawmakers doted on him as an economic sage. Markets jumped up or down depending on what he said. Politicians in both parties wanted the maestro on their side.
THE NEW YORK TIMES
October 21, 2008
The chairman of the Federal Reserve, Ben S. Bernanke, said on Monday that he supported a second round of additional spending measures to help stimulate the economy.
THE NEW YORK TIMES
March 14, 2008
The nation’s top economic policymakers, hoping to prevent a repeat of the excesses that led to the mortgage bubble and bust, on Thursday proposed a broad series of reforms aimed at tightening oversight of financial institutions.
THE NEW YORK TIMES
February 15, 2008
With the credit markets once again deteriorating, the nation’s two top economic policymakers acknowledged Thursday that the outlook for the economy had worsened, as both came under criticism for being overtaken by events and failing to act boldly enough.
THE NEW YORK TIMES
January 23, 2008
The Federal Reserve, confronted by deepening panic in global financial markets about a possible recession in the United States, struck back on Tuesday morning with the biggest one-day reduction of interest rates on record and at least temporarily stopped a vertigo-inducing plunge in stock prices.
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