Philip Chua Business Blog

Posts Tagged ‘Federal’

GREECE’S debt crisis rattled investors again yesterday and sent markets south despite overnight gains on Wall Street.
Reassurance from Federal Reserve chairman Ben Bernanke that interest rates would stay low for some time pleased investors, who sent the Dow Jones up 91.75 points, or 0.89 per cent.
But concerns over the weak United States job market and poor housing sales data outweighed the promis… more

The Federal Reserve 25 basis point discount rate increase on Thursday to 0.75% was not a market moving event. The first Fed hike in either the discount rate or the more important fed funds rate in almost two and a half years will have little direct economic impact. It had…

On 12 February, Destatis (the German Federal Statistical Office) is publishing its “flash release” on German Q4 GDP; a detailed breakdown of the components will follow on 24 February. As already suggested by Destatis, German GDP growth will probably have remained unchanged quarter-on-quarter in Q4 2009. Italian GDP could have…

Democratic leaders on Tuesday rounded up support for Ben Bernanke, aiming for a vote as early as Thursday to confirm him for a second term as chairman of the Federal Reserve.

Ben Bernanke – Democratic – Chair of the Federal Reserve – FederalReserve – Federal Reserve System

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

Industrial production rose in line with expectations in December as electric and gas utilities stepped up output in an unusually cold month, a Federal Reserve report showed on Friday.







Federal Reserve System – Industrial production – Business – Economic – Social Sciences

Treasury Secretary Timothy Geithner will face a congressional grilling later this month about the suppression of key details on deals that funneled billions to big investment banks.

New York Federal Reserve Bank – Timothy Geithner – United States Treasury Secretary – Government – American International Group

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…

Stronger regulation should be the first line of defense against speculative bubbles that could send the economy into a new crisis, Fed Chairman Ben Bernanke said Sunday.







Ben Bernanke – Economic bubble – United States – Economic – Federal Reserve System

The $700 billion Troubled Asset Relief Program was never used for the purpose for which it was originally intended. Yet it has been extended for another year.  Answer Desk.







Troubled Asset Relief Program – Emergency Economic Stabilization Act of 2008 – Federal Reserve System – Citigroup – Business