CHEYENNE, Wyo., Sept 23- The U.S. But it should also do so gradually so as not to roil markets or hurt the economy, Kansas City Federal Reserve President Esther George said. The Fed has kept short-term interest-rates near zero since 2008, and has quadrupled its balance sheet to $4.5 trillion with purchases of bonds aimed at pushing down borrowing costs further.» Read More
The text from a speech given by Ben Bernanke on "Education and Economic Competitiveness" in Washington D.C. on September 24, 2007.
I was waiting to see who did it first. I figured it was between California and Florida, and I was right. California wins. Last Thursday, Gov. Arnold Schwarzenegger wrote a letter to Congressional leaders asking for a state exception to the GSE conforming loan limit ($417,000).
Turmoil in global credit and money markets will likely continue as investors worry about the size of financial losses and where they might appear, the International Monetary Fund warned Monday.
There's a lot of concern about whether a weaker dollar could cause higher U.S. inflation, but CNBC’s Steve Liesman says not so fast.
The default rate on U.S. mortgages is stabilizing, an American housing official said Monday, adding she didn't expect last week's cut in U.S. interest rates to significantly affect the number of defaults.
Sometimes a stock is hot and other time it just burns. Following are the Fast Money misfires.
Like an orchestra tuning up, financial markets are trying to find the right pitch after the Fed's big rate move. The market moves have been dramatic, and for the time being, it's likely they'll continue that way.
“Power Lunch” is in Denver, looking at diverse Rocky Mountain success stories that range from real estate to air travel to a new breed of Mexican fast-food restaurants.
The dollar rose marginally from a 15-year low against a basket of currencies Friday, as investors debated whether the U.S. currency's decline has gone too far, too fast.
What is the retail equity investor to do? By most measures the retail investor in Europe has not participated in the bull market. This market isn't exhibiting classic signs of peaking and it doesn't look terribly expensive on traditional metrics. But who is stepping up to buy? The moderately risk-averse are reading daily Northern Rock headlines and are not keen to participate.
Federal Reserve Vice Chairman Donald Kohn, who has opposed setting inflation targets at the U.S. central bank, Friday said inflation goals can hold expectations steady and provide workers and businesses more certainty about the course of inflation.
There's a lot of talk on the Hill today about raising the conforming loan limit for Fannie and Freddie from its current $417,000. Treasury Secretary Henry Paulson said, "There is little question that allowing the GSEs to securitize jumbo mortgages would give a short term lift, which would be helpful to a segment of the housing market that has shown some recent improvement but is not functioning as normal."
Federal Chairman Ben Bernanke told Congress the credit crisis has created "significant market stress" and offered fresh assurances that regulators would take steps to curb fallout from the mortgage mess.
The Canadian dollar hit parity with the U.S. dollar for the first time in 31 years Thursday, capping a 62 percent rise from 2002 on the back of booming commodity prices and a deepening disenchantment with the greenback.
Thanks to iPhone mania and a hefty yield, AT&T is just the kind of stock investors want in this environment.
Is Ben Bernanke more aggressive than Greenspan by nature? Does inflation still worry him? In Wednesday’s Face 2 Face go inside Ben's brain with someone who knows Bernanke well.
The Bank of England denied on Thursday it had performed a U-turn over its stance on not bailing out markets in the Northern Rock case.
The following is the full transcript of the speech made by Federal Reserve Chairman Ben Bernanke on Sept. 20, 2007, before the U.S. House of Representatives' Committee on Financial Services, on the subject of subprime mortgage lending and mitigating foreclosures.