Philip Chua Business Blog

Posts Tagged ‘committee’

A House committee is broadening its probe of secretive bank bailouts to include former Treasury Secretary Henry Paulson and former Federal Reserve Bank of New York Chairman Stephen Friedman.







Federal Reserve Bank of New York – United States Secretary of the Treasury – Henry Paulson – Federal Reserve System – Government

The head of the Senate Banking Committee may scrap the idea of creating a consumer financial protection agency, a paper said Friday citing people familiar with the matter.

United States Senate Committee on Banking Housing and Urban Affairs – Consumer protection – United States – Senate Banking Committee – Home

There is a modest recovery underway in the American economy. The Federal Reserve can no longer avoid the looming choice on interest rates and the money supply. Since the sub-prime crisis began Chairman Bernanke has been the consistent champion of monetary easing. Under his leadership, the Federal Open Market Committee…

The Federal Reserve’s open market committee (FOMC) is expected to follow the recent decisions by the ECB, BoJ and BoE and keep interest rates pegged at a record low of 0-0.25% on Wednesday. However, in the accompanying press statement, financial markets will also be looking for confirmation that the FOMC…

This week sees a particularly busy calendar in the UK, featuring the Chancellor’s Pre-Budget Report (PBR) and the latest Monetary Policy Committee (MPC) meeting. We look for Bank Rate to remain on hold at 0.5% while the MPC continues with its £200bn programme of asset purchases. The PBR, meanwhile, will…

The FOMC minutes of 4 November are likely to confirm that the majority of committee members still consider it warranted to maintain the fed funds rate at exceptionally low levels for an extended period, given low resource utilisation rates, subdued inflation and stable inflation expectations. There will have been some…

Federal Reserve Chairman Ben Bernanke’s nomination to a second term will be the subject of a Senate Banking Committee hearing next month, the panel’s chairman said Friday.

Ben Bernanke – Chairman of the Federal Reserve – United States Senate Committee on Banking Housing and Urban Affairs – Federal Reserve System – Government

IT HAS been reassuring to learn how the Singapore Exchange’s (SGX) Regulatory Conflicts Committee (RCC) reviews perceived and actual conflicts that could arise from the exchange’s status as a self-regulated organisation and its dual role as a listed company and a market regulator.
Among various things, the committee looked into how SGX handled the recent lapses at S-chips here and scrutinised deal… more

STOCK investors usually welcome low interest rates, but not this time. If anything, the US Federal Open Market Committee’s latest policy statement has reinforced concerns over the unsteady pace of the global economic recovery. The Federal Reserve reiterated after its meeting on Wednesday that it would keep interest rates near zero for ‘an extended period’ and specified for the first time that poli… more

The US dollar was weak for the most part in the first half of the week, but regained some ground after the Fed Open Market Committee meeting. The movement was triggered primarily by favourable equity markets and expectations that the Fed would confirm its expansive monetary policy stance. On Wednesday…