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Reserve official positions and church benefices for Castilians.
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So declared Edward M. Gramlich, a Federal Reserve official.
A downward trend intensified after a Federal Reserve official raised the possibility of higher interest rates.
He added: "As a former Federal Reserve official, I hold myself partly to blame for this failure".
The respected US political blog Politico quoted a former Federal Reserve official as saying economic concerns lay behind the decision.
Back in 2002, a professor turned Federal Reserve official by the name of Ben Bernanke gave a widely quoted speech titled "Deflation: Making Sure 'It' Doesn't Happen Here".
A Federal Reserve official responded that the Basel III rules were intended to give banks incentives to write sound mortgages, not hamper lending.
The economic recovery is becoming more "self-sustaining" despite continuing headwinds, a Federal Reserve official said, and many believe the Fed will not be easing anytime soon.
Reassuring comments from a Federal Reserve official and better earnings from two big retailers helped push the stock market higher on Tuesday.
"I think it's never appropriate for a Federal Reserve official to say, 'It's not our job.' In some ways, Alan Greenspan is saying that".
VINCENT R. REINHART, a former Federal Reserve official, on the agency's unusual promise to hold short-term interest rates near zero through at least the middle of 2013.
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