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Wednesday, April 7, 2010 as of 11:14 AM ET

Timothy Geithner

Timothy Franz Geithner (; born August 18, 1961) is an American economist, central banker, and civil servant.

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Indep. Sen To Introduce Bill Excluding Bankers From Fed Banks' Boards

Independent Sen.

Bernie Sanders of Vermont will introduce a bill Tuesday that would prohibit bankers from serving on the board of directors at Federal Reserve regional banks.Sanders, who helped lead the charge to establish audits of the Federal Reserve under the Dodd-Frank financial system overhaul, has recently renewed his criticism of conflicts-of-interest at the central bank."The recent trading loss of more than $2 billion at J.P. Morgan Chase underscores the need to structurally reform the Federal Reserve System," Sanders wrote in a May 16 letter to other senators explaining his legislation. The lawmaker said last week that J.P. Morgan Chase & Co. (JPM) CEO James Dimon's presence on the New York Fed board points to "blatant conflicts of interest" in the central bank's structure.Sanders' bill, which is co-sponsored by Democratic Sens. Barbara Boxer of California and Mark Begich of Alaska, would block any banking executives from serving on or selecting any members of the Fed system's...

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  1. US Regulators Scheduled To Meet Tuesday To Discuss Market Developments

    Top U.S. regulators are scheduled to meet Tuesday to discuss the latest market developments, a Treasury Department official said Wednesday.Treasury Secretary Timothy...

  2. GE Capital Reports First Quarterly Dividend Since 2009

    FBN’s Diane Macedo breaks down the stories moving the markets around the world.

  3. Herman Cain on Government Spending, Mitt Romney

    Former Presidential candidate Herman Cain on Mitt Romney’s campaign and the need to reduce government spending and reform the tax code.

  4. Retail Sales See Small Increase in April

    FBN's Cheryl Casone breaks down mid-afternoon market news.

  5. Geithner Warns Lawmakers Over Debt

    FBN's Tracy Byrnes breaks down afternoon market news.

  6. Boehner Stakes Out GOP Debt Ceiling Position

    House Speaker John Boehner (R-Ohio) has set lawmakers toward another clash over increasing the debt ceiling, maintaining last summer's Republican demand for the next...

  7. Justice Department Investigating JPMorgan Loss

    The FBI has opened a probe into trading losses at JPMorgan Chase & Co,hat manages about $250 million."It's really shocking because JPMorgan has been known as the mos...

  8. JPMorgan's Dimon: Policies are Changing

    JPMorgan Chase & Co's (NYSE:JPM) shareholders backed their embattled Chief Executive Jamie Dimon at the bank's annual shareholders meeting on Tuesday, voting against...

  9. Treasury Secretary Geithner Says US Is Gradually Recovering

    U.S. Treasury Secretary Timothy Geithner on Tuesday said the U.S. was gradually pulling out of its economic woes and said America's ability to deal with budget probl...

  10. Geithner: U.S. Economy Improving, More Resilient

    Treasury Secretary Timothy Geithner on Tuesday said the U.S. economy is gradually getting stronger, with areas of strength broadening. "We are doing a lot of the rea...

  11. CEOs Tell Geithner Dividend, Capital Gains Tax Hike Would Harm Economy

    A group of chief executives--many from electric utilities--on Wednesday came out against the Obama administration's plan to raise taxes on dividends and capital gain...

  12. Sen. Grassley on How to Pay for Student Loan Bill

    Sen. Chuck Grassley, (R-Iowa), on the debate over how to pay for the extension of student loan interest rate.

  1. The Economic Impact of Wasteful Government Spending

    Former Gov. Mike Huckabee, (R-Ark.), on the impact of government spending on the economy.

  2. Former AIG CEO on Increased Bank Regulations, Facebook

    Former AIG CEO Hank Greenberg on efforts to increase regulations on the financial sector, particularly after J.P. Morgan’s losses.

  3. Geithner Defends Support For Tough Regulations

    Treasury Secretary Timothy Geithner Thursday called assertions that he has been resistant to tough new financial rules "ridiculous."The former president of the Feder...

  4. The Economic Consequences of Government Spending

    FBN’s Gerri Willis on how government spending impacts the economy.

  5. Treasury's Geithner: JPMorgan Seat On Fed Board Creates 'Perception' Problem -PBS

    Treasury Secretary Timothy Geithner Thursday said J.P. Morgan Chase & Co. (JPM) Chief Executive James Dimon's seat on the board of the Federal Reserve Bank of New Yo...

  6. Is Facebook's Saverin Dodging Taxes?

    FOX Business's Peter Barnes is reporting that Democrats want to introduce legislation to "reimpose" taxes on people who renounce US citizenship and bar their reentry...

  7. Geithner, Dimon Discussed Volcker Rule In March

    Treasury Secretary Timothy Geithner and J.P. Morgan Chase & Co. (JPM) Chief Executive James Dimon met in early March to discuss a new rule restricting commercial ban...

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