The attorney general's office alleges that investment bank Bear Stearns — prior to its sale to JPMorgan — perpetrated massive fraud.
Says Fed's bond-buying stimulus plan is necessary to support a flagging U.S. economy.
Fed chairman rebuffs accusations that his policy is laying the groundwork for inflation, large budget deficits and a weak dollar.
U.S. Securities and Exchange Commission slow to respond to danger.
Trade action came the same day that President Barack Obama blocked a privately owned Chinese company from building wind turbines close to a Navy military site in Oregon.
U.S. economy is running at stall speed but easier monetary policy is not the answer, one of the Federal Reserve's most hawkish policymakers says.
Spending rose in August by the most in six months as households stretched to pay for higher gasoline prices.
Yet sales stayed near two-year highs in August and prices rose to their highest in more than five years.
An official said he doubted the Fed's effort to boost growth would work.
U.S. single-family home prices rose for a sixth month in a row in July, but the increase was not as large as expected.
