Tag: Federal Reserve

• Wednesday, October 20th 2010 - 01:02 UTC

  Geithner vows not to devalue the dollar for export advantage

  

  Treasury Secretary Timothy Geithner vowed that the United States would not devalue the dollar for export advantage, saying no country could weaken its currency to gain economic health.

• Thursday, October 14th 2010 - 05:37 UTC

  Gold hits a new record as investors seek protection against sinking US dollar

  

  World stocks jumped to a six-month high, gold hit another record, and the dollar weakened on Wednesday on expectations that the US Federal Reserve will further loosen monetary policy, boosting risk appetite.

• Wednesday, October 6th 2010 - 00:13 UTC

  Fed and ECB “flood of liquidity” plunging the world into “chaos” warns Stiglitz

  

  The policies of extremely low interest rates maintained by the Federal Reserve and the European Central Bank are plunging the world into chaos instead of helping with the recovery of the global economy, the winner of the Nobel Prize in economics, Joseph Stiglitz, said on Tuesday.

• Wednesday, September 22nd 2010 - 07:35 UTC

  Fed anticipates modest US growth and is prepared to provide further support

  

  Admitting that employment and output recovery has slowed down in recent months, the US Federal Reserve said on Tuesday that it is prepared to provide additional accommodation if needed to support the economic recovery and to return inflation, over time, to levels consistent with its mandate.

• Monday, August 16th 2010 - 18:56 UTC

  U.S. Dollar Direction In 2nd Half of 2010

  

  The last two years have been quite volatile in financial markets. First, in the fall of 2008, it appeared that the entire global economic system was headed toward inevitable destruction as US financial institutions Bear Stearns, Fannie Mae & Freddie Mac, and Lehman Brothers all collapsed in September of ’08.

• Thursday, August 12th 2010 - 00:20 UTC

  New York Fed will buy 18 billion of Treasury debt in nine operations

  

  The New York Federal Reserve announced Wednesday it will buy about 18 billion US dollars of Treasury debt in nine operations from August 17 through September 13.

• Friday, July 23rd 2010 - 03:36 UTC

  Fearing US ‘double-dip’ recession Fed commits making credit easier

  

  The United States Federal Reserve will try to push borrowing costs even lower if the job market continues to languish, Fed Chairman Ben Bernanke said, offering his clearest blueprint yet for possible additional monetary easing.

• Thursday, July 22nd 2010 - 09:10 UTC

  Outlook of US economy remains “unusually uncertain” says Bernanke

  

  US Federal Reserve chairman Ben Bernanke has warned that the outlook for the US economy remains “unusually uncertain”. In testimony before the Senate Banking Committee, Mr Bernanke said record low interest rates would still be needed to support economic recovery.

• Tuesday, July 20th 2010 - 03:37 UTC

  US Fed names list of chairs with no representatives from financial services

  

  There are no representatives of the banking or financial services industry on the list of chairs and deputy chairs designated by the United States Federal Reserve Monday to serve on the boards of the 12 regional Fed banks for 2011.

• Saturday, July 10th 2010 - 07:41 UTC

  US no longer world’s great consumer; needs to target sustainable debt, says IMF

  

  The US economy is recovering after the global economic crisis, but consumers and financial institutions remain cautious as weak housing markets, high unemployment, and risks in Europe remain a concern, the IMF staff said in a press conference that followed its annual review of the world’s largest economy.