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MEDIA RELEASE U.S. Sen. Daniel K. Akaka questioned Federal Reserve Chairman Ben Bernanke on Tuesday at a hearing of the Senate Committee on Banking, Housing, and Urban Affairs on the Fed’s Semiannual Report to Congress. Akaka noted Hawaii posted record tourism numbers in May and that spending by foreign visitors is rising. Bernanke agreed with […]

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MEDIA RELEASE Sens. Daniel K. Akaka and Daniel K. Inouye joined a group of 22 Senators this week calling on regulators to write and implement a strong Volcker Rule free of loopholes and draw clear lines between large hedge-fund like trading and traditional banking. In a letter to Federal Reserve Chairman Ben Bernanke and other […]

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MEDIA RELEASE U.S. Sen. Daniel K. Akaka , a senior member of the banking committee, this week discussed the progress of the economic recovery and ways to encourage responsible consumer behavior through financial literacy with Federal Reserve Chairman Ben Bernanke. “In the current economic climate, consumers are confronted with difficult financial decisions. And this is […]

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MEDIA RELEASE U.S. Sen. Daniel K. Akaka (D-Hawaii) questioned Federal Reserve Chairman Ben Bernanke at a hearing Thursday of the Senate Committee on Banking, Housing, and Urban Affairs on The Semiannual Monetary Policy Report to the Congress. In response to Akaka’s questioning on the consequences of a government default, Bernanke noted that “default on the […]

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MEDIA RELEASE Officials from the U.S. Department of the Treasury, the Board of Governors of the Federal Reserve System and the United States Secret Service have unveiled the new design for the $100 note. Complete with advanced technology to combat counterfeiting, the new design for the $100 note retains the traditional look of U.S. currency. […]

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