by Associated Press Published: August 10,2010
Tags: Federal Reserve, interest rates
Wrapping up a one-day meeting, the Fed said it will use the proceeds from its investments in mortgage bonds to buy government debt. That should help lower interest rates on mortgages and corporate debt, but it won’t likely have a dramatic impact on stimulating growth, economists say. Delivering a more downbeat assessment of the recovery, [...] [...]
by Associated Press Published: August 10,2010
Tags: economy, Federal Reserve
Federal Reserve policymakers are pondering ways to jump-start the economic recovery. The trick: making sure whatever they do or say doesn’t rattle Wall Street. Early Tuesday, stock futures retreated, following overseas markets lower after China’s economy showed some signs of slowing down. The market is certain to react to the Fed’s statement later in the [...] [...]
by admin Published: July 21,2010
Tags: Federal Reserve, recession
Federal Reserve Chairman Ben Bernanke told Congress Wednesday the economic outlook remains “unusually uncertain,” and the central bank is ready to take new steps to keep the recovery alive if the economy worsens. Testifying before the Senate Banking Committee, Bernanke also said record low interest rates are still needed to bolster the U.S. economy. He [...] [...]
by admin Published: June 23,2010
Tags: Federal Reserve, interest rates
To sustain the fragile economic rebound, the Federal Reserve is sure to leave interest rates at record lows and is likely to repeat a pledge to keep them there for a while. The Fed ends a two-day meeting today with policymakers having cause for optimism as well as caution. The economy has been growing again [...] [...]
by admin Published: June 9,2010
Tags: Ben Bernanke, Federal Reserve
The European debt crisis is likely to have only a “modest” impact on the U.S. economic recovery as long as Wall Street stabilizes, Federal Reserve Chairman Ben Bernanke told Congress today. Testifying before the House Budget Committee, Bernanke struck a more confident tone that the recovery will remain intact despite problems in Europe as well [...] [...]
by admin Published: June 9,2010
Tags: Ben Bernanke, Federal Reserve
Federal Reserve Chairman Ben Bernanke is carrying a tough-love message to Capitol Hill: The United States needs to stop living beyond its means. Bernanke, scheduled to testify before the House Budget Committee on Wednesday morning, is likely to urge Congress and the White House to come up with a plan to whittle down record-high federal [...] [...]
by admin Published: June 3,2010
Tags: Bernanke, Federal Reserve, Small Business
Getting loans flowing more normally to creditworthy small businesses will help the economic recovery, Federal Reserve Chairman Ben Bernanke said today. Small businesses – more so than big companies – rely on bank loans to expand operations and hire. Small businesses usually help drive job creation during recoveries but credit clogs have hurt hiring. Lending [...] [...]
by Rebecca Tonn Published: August 14,2009
Tags: economy, Federal Reserve
People want to know what’s going on with the economy — it’s as unpredictable as the walnut-sized hail was Monday night, just north of Garden of the Gods (vicious horizontal projectiles, in case you’re wondering). As a sign of the times, a crowd of more than 500 people attended Integrity Bank & Trust’s Second Annual [...] [...]
by Associated Press Published: August 12,2009
Tags: Federal Reserve, interest rates
WASHINGTON (AP) - Signs are growing that an economic recovery may finally be taking shape, but with dangers still lurking about, Federal Reserve policymakers are all but certain to leave a key interest rate at record lows to make sure any nascent turnaround gains traction. [...]
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