Tag: Federal Reserve

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.
Friday, June 4th 2010 - 05:05 UTC
Bernanke raises concern over persistent high unemployment

Lending to small businesses inn the United States is declining, thus making it more difficult to come to grips with the persistent problem of high unemployment, admitted Federal Reserve Chairman Ben Bernanke.
Thursday, April 29th 2010 - 06:59 UTC
Obama Nominees for the Fed Support “Job Creation and Low Rates”

US President Barack Obama is expected to announce this week his choice of Federal Reserve Bank of San Francisco President Janet Yellen as vice-chairman of the Fed Board of Governors, according to congressional sources.
Thursday, April 29th 2010 - 03:12 UTC
Federal Reserve Anticipates Exceptionally Low Level Rates for an Extended Period

The US Federal Reserve decided on Wednesday to leave interest rates unchanged saying the current recovery will not result in rampant inflation and anticipated exceptionally low level rates for an extended period.
Wednesday, April 28th 2010 - 01:04 UTC
Bernanke Warns White House About Failure to Reduce Federal Budget Deficit

Federal Reserve Chairman Ben S. Bernanke said a failure to reduce the federal budget deficit may push up interest rates over time and impair economic growth, putting the recovery at risk.