Wonkette

This just in: the Federal Reserve Board just raised the federal funds rate to 5.25 percent. This is the 17th consecutive rate hike, and the rate now stands at its highest level in more than five years.

Meanwhile, while Fed chair Ben Bernanke has fun raising interest rates, his predecessor Alan Greenspan has to suffer through jury duty. The full story, after the jump.

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When he took over as Fed chair, Ben Bernanke said he hoped to provide clearer and more transparent guidance to financial markets than his predecessor, Alan Greenspan. We haven’t been impressed thus far. And now, this story: MORE »

A correction from the Washington Post: MORE »

You may have the day off on Monday, but your tireless editors will be doing some blogging that day (and perhaps even over the weekend too). So check back soon! MORE »

Tomorrow Alan Greenspan is scheduled to step down as chairman of the Federal Reserve Board, a post he has held for 18 years. On Tuesday, in addition to voting on the far more contentious Alito nomination, the Senate will also vote to confirm Greenspan’s successor at the Fed, Ben S. Bernanke. MORE »

It’s the trainspotting of “celebrity” journalism, but we can’t help it: Once someone pointed out that Maureen Dowd, David Remnick, Rep. Jim Moran, Nina Totenberg, Bob Franken and Roll Call all had listings in today’s “Notice of Unclaimed Property” in the WaPo, we couldn’t stop looking more Washington folks with, apparently, more money than time. (Clearly, not a problem for us.) Among those who are letting their tax refunds (or whatever) burn a hole in the District’s pocket: Postie Howie Kurtz and soon-to-be ex-Postie Mike Allen, Congressional Quarterly, John McLaughlin, investigative reporter “Murrey” Waas and — are you really surprised — “Governors, Board, O of the Federal Reserve.” MORE »