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A senior Federal Reserve official said on Sunday the central bank should keep alive its mortgage-related assets purchase program beyond a planned end-date to give policy-makers more flexibility as they help the economy recover from a painful recession.
A ray of sunlight broke through the Washington fog last week when Neil M. Barofsky (pictured), special inspector general for the Troubled Asset Relief Program, published his office’s report on the government bailout last year of the American International Group , The New York Times’s Gretchen Morgenson writes in her latest Fair Game column.
By EDMUND L. ANDREWS THE NEW YORK TIMES WASHINGTON | The U.S. government is financing its more than trillion-dollar-a-year borrowing with IOUs on terms that seem too good to be true.
A group of U.S. business economists boosted their forecast for economic growth over the next year, but said the jobless rate will remain stubbornly high, a survey released on Monday showed.
MANATEE
The world of real estate finance has been tumultuous to say the least. There are still fundamental problems with the mortgage market that affect every potential borrower. Of course, like many tough situations, there are both positives and negatives. Let’s look at both and what they mean to you.
Nov. 23 (Bloomberg) -- The dollar fell for the first time in three days against the euro on speculation the Federal Reserve will keep its stimulus measures in place and ensure interest rates remain low.
Nov. 23 (Bloomberg) -- For the first time in seven decades, Treasury bills are paying no interest while stocks continue to appreciate -- a divergence in U.S. financial markets that might be perilous if Federal Reserve Chairman Ben S. Bernanke didn’t know all about 1938.
Nov. 23 (Bloomberg) -- Copper gained for a second day in Asia as expectations for further dollar weakness increased investor interest in physical assets as alternative investments. Copper in Shanghai rallied to a 14-month high.
SINGAPORE (Dow Jones)--Asian stock markets were mixed, but trading in tight ranges Monday, as investors looked for fresh direction.
Nov. 22 (Bloomberg) -- Federal Reserve Bank of St. Louis President James Bullard said the central bank should retain the flexibility to respond to any weakening in the economy by extending beyond March its authority to buy mortgage-backed securities and agency bonds.
Nov. 23 (Bloomberg) -- Treasury futures contracts were little changed, after a rally last week pushed two-year yields to the lowest level in 2009, as the U.S. prepared to sell a record $118 billion of notes in three auctions starting today.
The United States has started an auction process to bring in a market price for a handful of companies’ warrants, including JPMorgan’s.
The Governor’s Council on Wednesday, Nov. 18 signed off on four of Gov. Deval Patrick’s picks to the Parole Board. Two of the nominees are reappointments: Pamela Lombardini has been on the board since January 2007, and Thomas Merigan has served since 2003.
The laughably low interest rates the United States has been paying on its colossal debt won’t last forever. The government faces a payment shock down the road.
A senior Federal Reserve official said on Sunday the central bank should keep alive its mortgage-related assets purchase program beyond a planned end-date to give policy-makers more flexibility as they help the economy recover from a painful recession.
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