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Two Fed Presidents: Praise and Bash QE and Bond Buying
24/7 Wall Street, April 18, 2013. All Rights Reserved. The Federal Reserve may have released its Beige Book on Wednesday showing no real risks to quantitative easing and to the $85 billion per month used for buying bonds. Despite three weak economic readings so far on Thursday, two different speeches from regional presidents of the Federal […] -
Stimulus to Gain Potency as Housing Picks Up, Raskin Says
NASDAQ, April 18, 2013. All Rights Reserved. NEW YORK – Federal Reserve stimulus aimed at spurring growth will likely grow more powerful as the housing market recovers further, but the trends that have fueled income inequality aren’t likely to change much, a U.S. central bank official said Thursday. "The accommodative policies of the [Federal Open Market […] -
US’s Miller Q&A: Weak TIPS Sale Reflects Reassessed Infl Fear
MNI | Deutsche Börse Group, April 18, 2013. All Rights Reserved. NEW YORK (MNI) – Treasury Under Secretary Mary Miller Thursday night avoided a specific direct comment on the day’s relatively weak $18 billion TIPS 5-year note auction. But she did tell MNI in an exclusive comment that "over the past week, people have been […] -
Kocherlakota: Not Concerned About Fin Stability Risks Right Now
MNI | Deutsche Börse Group, April 18, 2013. All Rights Reserved. NEW YORK (MNI) – Minneapolis Federal Reserve Bank President Narayana Kocherlakota Thursday called on the central bank to provide even more support to the ongoing economic recovery, arguing concerns about risks to financial stability do not yet supersede the need to spur faster job […] -
Fed’s Kocherlakota Warns Low-Rate World Risks Bubbles
4-Traders, April 18, 2013. All Rights Reserved. NEW YORK–A Federal Reserve official said Thursday interest rates are likely to stay very low for years to come, which raises the prospect that chronic financial instability will be an enduring threat. "For a considerable period of time, the [Federal Open Market Committee] may only be to achieve […] -
Fed’s Kocherlakota: Very Low Rates Could Persist for a Decade
Euroinvestor, April 18, 2013. All Rights Reserved. NEW YORK – A Federal Reserve official said Thursday interest rates are likely to stay very low for years to come, which raised the prospect that chronic financial instability risks will dog the economy for a long time. "For a considerable period of time, the [Federal Open Market […] -
Money Beat: ‘A Dose of Healthy Competition’ for Banking Regulators
The Wall Street Journal, April 18, 2013. All Rights Reserved. New York Department of Financial Services Superintendent Benjamin Lawski signaled in a speech Thursday that he will not shy away from taking the “lead” among regulators while confronting U.S. financial giants. Lawsky rankled other regulators last year when he pursued a money laundering case against […] -
Fed’s Raskin: Record Easing Will Aid Low-Income Americans
Money News, April 18, 2013. All Rights Reserved. Easy money policies are bringing some relief to lower-income Americans hard-hit in the recession and the easing could become increasingly potent as the housing market recovers, a top U.S. Federal Reserve official said on Thursday. In a speech on equality and the U.S. economy, Fed Governor Sarah […] -
Raskin Says Record Fed Easing to Aid Low-Income Americans
Bloomberg, April 18, 2013. All Rights Reserved. Federal Reserve Governor Sarah Bloom Raskin said the Fed should press on with record easing, predicting that current policy will increasingly improve the economic outlook for low-income Americans. The Fed’s near-zero interest rate policy and asset purchases are growing more effective by supporting the housing market and spurring economic […] -
Política expansiva de la Fed, necesaria: Kocherlakota
El Financiero, April 18, 2013. All Rights Reserved. Nueva York. – Las políticas ultraexpansivas de la Reserva Federal de Estados Unidos inevitablemente resultarán en la inestabilidad de los mercados financieros por años pero tales riesgos son necesarios para impulsar el empleo y la inflación, dijo el jueves un banquero central estadounidense. Relacionando a la Fed con una […] -
The Fed Is Inflating Asset Prices and Increasing Volatility, and It Should Do More, Kocherlakota Says
Forbes, April 18, 2013. All Rights Reserved. Admitting that the Federal Reserve is responsible for creating financial instability, and possibly brewing the next toxic asset bubble, Minneapolis Fed President Narayana Kocherlakota said they have to do more to stimulate the economy, as inflation is too low. Kocherlakota predicted five to ten years of financial instability, […] -
UPDATE: Fed’s Kocherlakota Warns Low Rate World Risks Bubbles
Capital.gr, April 18, 2013. All Rights Reserved. (Adds Kocherlakota’s comments on market imbalances, inflation) NEW YORK–A Federal Reserve official said Thursday interest rates are likely to stay very low for years to come, which raises the prospect that chronic financial instability will be an enduring threat. "For a considerable period of time, the [Federal Open […]