AGBeat » federal reserve

Fed says Fannie, Freddie could save housing

Tara Steele — Thu, 05 Jan 2012 04:45:15 +0000

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 [...]

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Interactive financial crisis timeline produced by the St. Louis Federal Reserve

Tara Steele — Mon, 05 Dec 2011 17:57:51 +0000

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 [...]

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Fed says monetary policy alone can’t fix employment

Tara Steele — Tue, 22 Nov 2011 05:27:00 +0000

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 [...]

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New report says GSEs and CRA did not cause the subprime crisis

Tara Steele — Mon, 10 Oct 2011 05:02:02 +0000

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 [...]

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Uncle Ben (Bernanke) Says Our Economy is Going to Be Okay!

Lani Rosales — Tue, 08 Dec 2009 05:01:02 +0000

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 [...]

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Fannie Mae & Freddie Mac Takeover Imminent?

Bill Lublin — Sat, 06 Sep 2008 15:10:46 +0000

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 [...]

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