Mississippi Business Journal » Fed

G20 leaders meet amid strains as US splashes cash

Associated Press — Tue, 09 Nov 2010 16:58:06 +0000

SEOUL, South Korea — Tensions over currencies and trade gaps are simmering ahead of a summit of global leaders this week as America’s move to flood its sluggish economy with $600 billion of cash triggers alarm in capitals from Berlin to Beijing. The Group of 20 major rich and developing nations has taken on the [...]

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Fed poised to unveil new program to aid economy

Associated Press — Wed, 03 Nov 2010 15:51:32 +0000

WASHINGTON — The Federal Reserve is poised to adopt a new plan to jolt the economy. It’s a high-stakes gamble that could shape Chairman Ben Bernanke’s legacy. The Fed is all but certain to detail its plan for buying more government bonds when it wraps up its two-day meeting Wednesday. Those purchases should further lower [...]

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Fed plan for short-term fix brings long-term risks

Associated Press — Fri, 15 Oct 2010 22:19:09 +0000

WASHINGTON – Federal Reserve Chairman Ben Bernanke is balancing a short-term fix for the economy with a long-term gamble: His plan to buy Treasury bonds to fight high unemployment and super-low inflation now could ignite inflation later. But Bernanke is signaling that doing nothing would pose the biggest risk of all. The Fed chief on [...]

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Oil rises near $83 as investors look to Fed moves

Associated Press — Mon, 11 Oct 2010 12:40:16 +0000

Oil prices rose to near $83 a barrel Monday due to the weakening of the dollar and expectations that the U.S. central bank will soon move to bolster a spluttering economic recovery. By early afternoon in Europe, benchmark crude for November delivery was up 13 cents to $82.79 a barrel in electronic trading on the [...]

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Fed likely to leave interest rates at record lows

Associated Press — Wed, 23 Jun 2010 11:34:35 +0000

WASHINGTON — To sustain the fragile economic rebound, the Federal Reserve is sure to leave interest rates at record lows and is likely to repeat a pledge to keep them there for a while. The Fed ends a two-day meeting today with policymakers having cause for optimism as well as caution. The economy has been [...]

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Bullard gives update on regulatory reform debate

Wally Northway — Fri, 16 Apr 2010 15:28:43 +0000

In remarks April 15 to the 19th Annual Hyman P. Minsky Conference, St. Louis Fed president James Bullard assessed the state of the regulatory reform debate. In his presentation, “Containing Risk in the New Global Financial Landscape,” Bullard said, “As the nation’s lender of last resort, the Fed will be at the center of managing [...]

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