November 7, 2005 News Archive

Former Fed Governor Bernanke Named to Succeed Greenspan
In an announcement Monday, President Bush named White House Economic Adviser Ben Bernanke to succeed Federal Reserve Chairman Alan Greenspan, who will retire in January 2006.

Chicago Fed Letter Focuses on Biotech Industry
The November, 2005 Chicago Fed Letter reports on the emergence of the biotech industry. Industrial production long was the heartbeat of the Midwest economy. As that industry's role in the region diminishes, policymakers have explored new directions. At a series of conferences, local experts discussed the potential of the biotech industry. (PDF, 53KB)

House Approves Overhaul at Fannie Mae and Freddie Mac
In a press release, the U.S. House of Representatives announced the passage of the Federal Housing Finance Reform Act of 2005. The bill would create a new, independent regulator for the government-sponsored enterprises Fannie Mae, Freddie Mac, and the Federal Home Loan Bank system.