Federal Reserve Bank of Richmond President Jeffrey Lacker said in a speech Tuesday that the pace of the economic recovery has picked up. According to Bloomberg, he indicated that the Fed's "extended term" of keeping interest rates low may end sooner than many analysts expect.
Continue reading A Little Optimism From the Fed About Our Uneven Recovery
A Little Optimism From the Fed About Our Uneven Recovery originally appeared on DailyFinance on Wed, 14 Apr 2010 10:14:00.
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Economy
In a speech that received scant attention, Fed Chairman Ben Bernanke was unambiguous about the effect of central bank and government interventions during the financial crisis: Those actions prevented an economic meltdown that would have rivaled the Great Depression -- or been worse.
Continue reading Bernanke on the Financial Crisis: Interventions Prevented Cataclysm
Bernanke on the Financial Crisis: Interventions Prevented Cataclysm originally appeared on DailyFinance on Sun, 11 Apr 2010 10:44:00.
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Economy,
People
Federal Reserve officials apparently mean what they say when it comes to keeping rates near zero for an "an extended period," as most affirmed that economic conditions rather than a fixed timetable will guide monetary policy.
Continue reading Fed Says Economy, Not Calendar, to Guide Rate Hikes
Fed Says Economy, Not Calendar, to Guide Rate Hikes originally appeared on DailyFinance on Tue, 06 Apr 2010 15:00:00.
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Economy
Federal Reserve Chairman Ben Bernanke told lawmakers Thursday that near-zero short-term interest rates are still required to bolster the nascent economic recovery and the central bank has other tools to reduce the threat of inflation when the time comes.
Continue reading Bernanke Affirms Near-Zero Interest Rate Policy
Bernanke Affirms Near-Zero Interest Rate Policy originally appeared on DailyFinance on Thu, 25 Mar 2010 11:41:00.
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Economy,
Investing
The bears aren't giving the recovery any respect, leading Schwab's Liz Ann Sonders to call it the "Rodney Dangerfield" recovery. She rebuts that position pretty well, but she also points out that the end of the Fed's easy money policy could be nearer than most think.
Continue reading Investors Should Give the Recovery Some Respect -- but Watch for Rising Rates
Investors Should Give the Recovery Some Respect -- but Watch for Rising Rates originally appeared on DailyFinance on Sun, 21 Mar 2010 20:45:00.
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Economy,
Investing,
Charles Schwab
The U.S. heads for a record $1.56 trillion deficit this year, but who will fund that debt? The largest Treasury holders, China and Japan, are cutting back and no other obvious takers have stepped forward.
Continue reading Who Will Fund the Record $1.56 Trillion U.S. Deficit?
Who Will Fund the Record $1.56 Trillion U.S. Deficit? originally appeared on DailyFinance on Thu, 18 Mar 2010 10:00:00.
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Economy
Testifying before a congressional committee, Ben Bernanke urged lawmakers not to strip the Fed of key oversight functions as part of a wider regulatory overhaul, arguing it would deprive the central bank of key information needed to formulate monetary policy and steer the financial system in times of calamity.
Continue reading Bernanke Defends Fed Turf
Bernanke Defends Fed Turf originally appeared on DailyFinance on Wed, 17 Mar 2010 14:29:00.
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Economy
The Federal Reserve held steady on interest rates Tuesday and its closely scrutinized language remained unchanged, as it pledged to keep rates "exceptionally low" for an "extended period." Markets rose modestly in reaction to the news.
Continue reading Fed Stands Pat on Rates, Language
Fed Stands Pat on Rates, Language originally appeared on DailyFinance on Tue, 16 Mar 2010 15:20:00.
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Economy,
Investing
Last month, the Federal Reserve raised the discount rate -- what it charges banks to loan them money -- to 0.75% from 0.50%, the first hike since the economy soured. As the Open Market Committee meets Tuesday, investors are wondering if lightening will strike twice.
Continue reading Federal Reserve to Consider Raising Discount Rate
Federal Reserve to Consider Raising Discount Rate originally appeared on DailyFinance on Tue, 16 Mar 2010 10:44:00.
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Economy,
Credit
In addition to San Francisco Fed President Janet Yellen, the White House also said its other likely candidates for the open seats on the Fed board were MIT's Peter A. Diamond, an expert on Social Security, and Maryland financial regulator Sarah Bloom Raskin.
Continue reading More Names Emerge for the Fed's Board of Governor Openings
More Names Emerge for the Fed's Board of Governor Openings originally appeared on DailyFinance on Fri, 12 Mar 2010 15:20:00.
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People
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