Council of Economic Advisers

Federal Reserve Conference Pulls In Interchange Cap Skeptics

By David Morrison | April 6, 2011

WASHINGTON — Skeptics dominated a conference on the impact of a proposed cap on debit interchange that was held on the same day Federal Reserve Chairman Ben Bernanke informed Congress that the Fed will miss an April 21 deadline to announce the regulation's final version.
On-Site Coverage: Fed Blew Analysis of Cap Impact, Economist Says

By David Morrison | March 29, 2011

WASHINGTON — The staff of the Federal Reserve failed when they did not thoroughly analyze the impact of a proposed regulation on the debit interchange cap on consumers and the economy at large, according to a leading economist.
Obama Names Sperling to Top Economic Post

By Claude R. Marx | January 7, 2011

Gene Sperling, who was the Treasury Department's point person during negations on the proposal for raising the cap on member business loans, was named by President Obama today to be director of the National Economic Council (NEC).