WASHINGTON - The Federal Reserve meets Tuesday at a time of widening economic risks: higher oil and food prices; unemployment near 9 percent; crises in the Middle East and Japan.
Special Report: Banking on the Fed
A look at the Federal Reserve in the wake of the economic crisis.
Part One: The Fed refused to police lenders' compliance with federal laws protecting borrowers, despite repeated urging by consumer advocates and even by other government agencies.
Part Two: The Fed's failure to foresee the crisis or to require adequate safeguards happened in part because it did not understand the risks that banks were taking.
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Greenspan's Career A look back at the career of Alan Greenspan, who served for 18 years as chairman of the Federal Reserve.
Ben S. Bernanke
On Monday, Oct. 24, 2005, President Bush nominated Ben S. Bernanke, chairman of the president's Council of Economic Advisers, to succeed Federal Reserve Chairman Alan Greenspan when he retires in January. Learn more about Bernanke's background and nomination.
In 1987, Alan Greenspan was sworn in as Chairman of the Federal Reserve. Look back at his more than 18-year career through four presidencies with analysis of his legacy, a compilation of stories about his tenure and archived photographs.