A new council of U.S. regulators charged with identifying risks to the financial system holds it first meeting later on Friday with an agenda that includes risky trading and how to pick which non-bank financial institutions need special scrutiny.
The Financial Stability Oversight Council, created under the financial overhaul signed into law in July, is scheduled [...]
Posts Tagged ‘us economy’
New U.S. financial risk council meets Friday
September 30th, 2010 by Financial Writer
Tags: economic growth, economy recovery, european central bank, financial crisis, financial system, loans, stock market, us economy
more...Dollar slides; potential Fed easing in focus
September 29th, 2010 by Financial Writer
The dollar fell to its lowest level in eight months Wednesday, as growing expectations that the Federal Reserve will further ease monetary policy outweighed simmering problems in Ireland and other European countries.
Three Federal Reserve members have speeches planned for the day, and traders will be listening for any hints on their disposition to engage in [...]
Tags: economic, Federal Reserve, financial markets, financial system, monetary, us economy
Dear Bernanke: QE2 Needs To Be Full Steam Ahead
September 28th, 2010 by Financial Writer
Whatever you take from Tuesday’s economic data — consumer confidence gauges probably get more credit than they should, but falling back to February levels certainly isn’t good — it seems clear that the Federal Reserve will be grappling with a mixed view on the U.S. recovery when it next gathers for an FOMC meeting November [...]
Tags: central bank, economic activity, economic growth, economy recovery, Federal Reserve, financial system, us economy
Obama Signs Bill to Cut Taxes for Small Businesses
September 27th, 2010 by Financial Writer
President Barack Obama signed legislation that will cut taxes and provide credit help for small businesses, calling it an essential step for job growth in a slow economy.
Small businesses “have borne the greatest brunt of this recession” because of lower demand from consumers and less available credit, Obama said.
The government “can’t create jobs to replace [...]
Tags: business investment, economic recovery, financial system, money, obama administration, stock market, us economy, us treasury
Bernanke Boasts Of New Regulation Success In Speech
September 25th, 2010 by Financial Writer
Federal Reserve Chairman Ben Bernanke boasted about the improvements new regulations have provided to the old structure in a speech at Princeton University yesterday.
“First, the recent reform legislation has improved the design of the regulatory framework, closing important gaps such as the lack of oversight of the shadow banking system,” he said.
Bernanke also felt the [...]
Tags: Federal Reserve, financial crisis, financial reform, financial system, Global Economy, private bankers, us economy
Fed will keep eye on demand despite inflation nod
September 22nd, 2010 by Financial Writer
Even though the Federal Reserve drew a bright line under its inflation mandate at its meeting this week, officials will remain keenly focused on the strength of demand in deciding whether to ease again.
The Fed edged nearer to giving the wobbling U.S. economic recovery another shot in the arm on Tuesday by saying it stands [...]
Tags: economic growth, economic indicators, economic recovery, Federal Reserve, financial system, inflation, us central bank, us economy
AT A GLANCE: Fed Hints At Steps To Help Economy, Rates Unchanged
September 21st, 2010 by Financial Writer
THE NEWS: Members of the Federal Open Market Committee Tuesday kept key interest rates unchanged and deferred taking any new steps to boost the economic recovery, but it hinted it’s becoming uneasy about the outlook for the U.S. economy in 2011 and said it is prepared to provide additional accommodation as needed.
THE DETAILS: Fed officials [...]
Tags: Dow Jones Industrial, economic recovery, financial crisis, financial markets, interest rates, stock market, us economy
Yuan Climbs to Strongest Since 1993 After Obama Criticizes China Policies
September 20th, 2010 by Financial Writer
The yuan climbed to the strongest level since 1993 after President Barack Obama criticized China for not letting its currency strengthen.
China’s leaders haven’t done “everything they said would be done” to allow appreciation, Obama said at an hour-long town hall discussion in Washington. Yuan forwards gained for a fourth day as the dollar weakened against [...]
Tags: Chinese economy, currency market, economic growth, economy recovery, financial markets, financial system, japan's economy, us economy
If no one takes on China, currency wars still loom
September 17th, 2010 by Financial Writer
Treasury Secretary Timothy Geithner this week gave a timid nudge to China to do more about lifting the value of the yuan, which is widely recognized to be kept artificially, and vastly, undervalued to the benefit of Chinese exporters and at the expense of almost everybody else.
Even the International Monetary Fund estimates the yuan to [...]
Tags: Chinese economy, economic growth, economists, european economy, financial crisis, financial system, IMF, us economy, us treasury
Dollar Trades Near 15-Year Low Versus Yen Amid Fed Speculation
September 14th, 2010 by Financial Writer
The dollar was near a one-month low against the euro amid speculation the Federal Reserve will buy additional Treasury securities this year to help sustain growth as the economic recovery falters.
The Swiss franc traded near the strongest since November versus the greenback as declines in Treasury yields sapped demand for the dollar. Economists forecast reports [...]
Tags: economic recovery, economists, Federal Reserve, financial, financial system, japan's economy, us economy