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Tag Archives: Federal Reserve
Subtle Shift Within Fed Toward Deflation Concerns – NYTimes.com
Starting in 2007, the Fed lowered the benchmark short-term interest rate all the way to zero and pumped some $2 trillion into the economy with an array of emergency loans and purchases of government debts and mortgage bonds.
Those purchases were phased out in March, but there is now talk within the Fed of resuming them. [...]
Posted in Aimlow, Business, Collapse, Politics, economy, unemployment
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Bernanke Warns of ‘Unsustainable’ Debt – NYTimes.com
WASHINGTON — The chairman of the Federal Reserve, Ben S. Bernanke, warned on Wednesday that “the federal budget appears to be on an unsustainable path,” but also recognized that the “exceptional increase” in the deficit had been necessary to ease the recession.
Mr. Bernanke’s comments, at a hearing of the House Budget Committee, reiterated his view [...]
Markets Welcome E.U. Rescue Package – NYTimes.com
BRUSSELS — Global markets rallied Monday, reversing the steep declines of recent days, after European leaders agreed to provide a huge rescue package of nearly $1 trillion to combat the debt crisis that has engulfed Europe, and central banks began injecting cash into the financial system.
via Markets Welcome E.U. Rescue Package – NYTimes.com.
More vapor money [...]
Fed Shouldn’t Reveal Crisis Loans, Banks Vow to Tell High Court – Bloomberg.com
April 14 (Bloomberg) — The biggest U.S. commercial banks will take their fight against disclosure of Federal Reserve lending in 2008 to the Supreme Court if necessary, the top lawyer for an industry-owned group said.
via Fed Shouldn’t Reveal Crisis Loans, Banks Vow to Tell High Court – Bloomberg.com.
The real question is why the fuck [...]
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Bernanke Says U.S. Fiscal Outlook ‘Somewhat Dark’ (Update2) – Bloomberg.com
March 25 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke told lawmakers today that the U.S. government’s budget outlook is “somewhat dark” and Congress needs to agree on a plan to reduce the deficit.
via Bernanke Says U.S. Fiscal Outlook ‘Somewhat Dark’ (Update2) – Bloomberg.com.
Everything looks somewhat dark when you have your head up your [...]
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