Mississippi Business Journal » Federal Reserve

Fed districts report ‘modest’, ‘subdued’ economic activity for Mississippi regions

Ted Carter — Sun, 25 Sep 2011 06:00:42 +0000

Overall lending at a sample of large banks increased modestly through August within the Federal Reserve’s St. Louis District, which includes northern Mississippi, reports the Fed’s Beige Book, a tracking of economic activity released by each of the 12 Fed district s on Sept. 7. The new report details economic activity for the three-month period [...]

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Fed releases details on banks that took loans

Associated Press — Fri, 10 Dec 2010 12:25:54 +0000

ACROSS MISSISSIPPI — Three banks in Mississippi got millions of dollars from a Federal Reserve short-term loan program aimed at stabilizing financial markets. The Fed began pumping trillions of dollars into the financial system last year through an array of short-term lending programs. The central bank intensified its efforts after the crisis worsened with the [...]

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Bernanke issues warning to China

Associated Press — Fri, 19 Nov 2010 16:45:45 +0000

WASHINGTON — Federal Reserve Chairman Ben Bernanke issued a stern warning to China, saying that it and other emerging nations are putting the global economy at risk by keeping their currencies artificially low. The Fed chief made the remarks Friday during his speech to a conference at the European Central Bank in Frankfurt, Germany. “Insufficiently [...]

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Fed survey points to uneven growth across US

Associated Press — Thu, 21 Oct 2010 16:47:51 +0000

WASHINGTON — The U.S. economy grew unevenly in early fall, with more than half the regions of the country expanding modestly while others struggled to grow. A survey by the Federal Reserve released Wednesday found that seven of the Fed’s 12 regions reported moderate improvements in business activity. Three regions – Philadelphia, Richmond and Cleveland [...]

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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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Stocks slide after jobs, inflation reports

Associated Press — Thu, 14 Oct 2010 16:58:10 +0000

NEW YORK – Stocks dipped Thursday after concerns about another disappointing report on jobs. But losses were held in check by expectations the Federal Reserve will act soon to strengthen the economy. The Dow Jones industrial average fell 32 points in midday trading. In recent months, a disappointing jobs report would have likely led to [...]

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Treasury yields sink to new lows; Eyes on the Fed

Associated Press — Thu, 07 Oct 2010 12:41:17 +0000

NEW YORK (AP) – Any doubt that the Federal Reserve will launch a new effort to stimulate the economy seemed to evaporate Wednesday as Treasury rates plummeted to record lows. The Fed has kept short-term interest rates near zero since 2008. In recent weeks, traders have started speculating that the central bank would take aim [...]

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Stocks mixed, Treasury yields drop after jobs data

Associated Press — Wed, 06 Oct 2010 13:45:47 +0000

NEW YORK (AP) – Stocks are trading in a tight range after a disappointing report on the jobs market is renewing concern about the health of the economy. But traders also see the report as adding to the likelihood the Federal Reserve will take action to further stimulate the economy. Such a move by the [...]

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Fed wrestling with fixes for economy

Associated Press — Tue, 21 Sep 2010 15:58:27 +0000

WASHINGTON — Federal Reserve policymakers are wrestling with what additional steps — if any — should be taken to strengthen the plodding economy and drive down near double-digit unemployment. Lots of lively debate is expected at today’s meeting. But few expect any major programs to be unveiled. Instead, many will be looking to see if [...]

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Federal Reserve walking policy tightrope

Associated Press — Tue, 10 Aug 2010 14:57:01 +0000

WASHINGTON — Federal Reserve policymakers are pondering ways to jump-start the economic recovery. The trick: making sure whatever they do or say doesn’t rattle Wall Street. U.S. stocks closed higher yesterday as investors anticipated reassuring words or action today by the chairman of the country’s central bank, Ben Bernanke and his colleagues on the Federal [...]

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