Keyword: federal reserve
Fed says Fannie, Freddie could save housing
Federal Reserve Board writes to Congress In a letter to Congress, the Federal Reserve Board, led by Chairman Ben Bernanke recommended a variety of steps the lawmakers could take to help housing recover, most notably, noting that Fannie Mae and Freddie Mac could serve to aide the recovery of housing by providing less expensive mortgages to a broader pool of ...
Interactive financial crisis timeline produced by the St. Louis Federal Reserve
Creating a better understanding Although some are pointing to tiny signs that the economy may be done bouncing at the bottom and ready for its slow march toward health, others are saying we’re years away from a recovery. No matter where you fall on the spectrum, it is critical to understand the history of our recent economic crisis because you ...
Fed says monetary policy alone can’t fix employment
Has the U.S. done all it can to fix the economy? At the Central Bank of Chile’s Fourth Summit Meeting of Central Banks on Inflation Targeting Santiago, Chile, John Williams, president of the San Francisco Federal Reserve, opined that monetary policies set by the Federal Reserve cannot contribute to the economy unless it is combined with prudent fiscal policies. “Fiscal ...
New 2012 AGBeat media kit available now
- We know you want the most sophisticated audience, and here it is!
New report says GSEs and CRA did not cause the subprime crisis
Fingers usually point at Rep. Frank’s CRA It is a common belief that subprime crisis was caused by the Community Reinvestment Act (CRA) which pushed for affordable housing and loan attainability. The Division of Research and Statistics of the Board of Governors of the Federal Reserve System has released their findings and claim that the cause of the crisis is ...
Uncle Ben (Bernanke) Says Our Economy is Going to Be Okay!
Bernanke expresses confidence In a speech this morning to the Economic Club of Washington, D.C., Federal Reserve Chairman Ben Bernanke discussed with the crowd the “the most serious financial crisis and the worst recession since the Great Depression,” he ended his speech with a message of hope, noting that “we have come a long way from the darkest period of ...
Fannie Mae & Freddie Mac Takeover Imminent?
Image Courtesy of creativecommons.org I’m in the Airport Tomorrow is the meeting of the Professional Standards Interpretations and Procedures subcommittee in Chicago. I arrived at Philadelphia International for my 11:30 flight only to find that it had been cancelled (due to bad weather in Jacksonville) and I was rescheduled for a flight three hours later. Being one of those people ...
Tail Wags Dog, Market Jitters Forces Fed to Drop Rates
The Fed dropped rates by a whopping 0.75% this morning. This was not expected at all. This is the biggest drop in rates since 1990. Now considering there has been a major terrorist attack, two bubble crashes and one international financial crisis which almost took down the entire Asian financial markets during this same time and the Fed didn’t do ...
Benn Rosales
Conal Campbell
Elijah May
Lani Rosales
Tara Steele
Marti Trewe
Charlene Jimenez
