Market watchers predict the Fed may be forced to cut rates soon to avoid a financial crisis
The announcement came after a meeting of the central bank’s governing body
“The law clearly gives me a four-year term, and I intend to serve it,” says central bank head
The decision was announced following a meeting of the central bank’s governing board
The central bank has either raised rates or held them steady over its last several meetings – but a darkening economic outlook may force a rate cut in the near future
The combined company will be one of the nation’s largest mortgage servicers
The agency says the proposed rule change would ease the regulatory burden on smaller lenders
The decision came after a meeting of the central bank’s board of governors