Unemployment Rises to 9.8 from 9.6
Fed States High Unemployment and Need For Bond Purchases.
The Fed left its key short-term interest rate near zero today where it has been been since December 2008. The Fed has also promised to keep rates low for some time to come. Interest rates low for an “extended period”, will make U.S. asse [...]
Posts tagged ben bernanke
Fed Keeps Interest Rates Unchanged: N...
Unemployment Rises to 9.8 from 9.6
Fed States High Unemployment and Need For Bond Purchases.
The Fed left its key short-term interest rate near zero today where it has been been since December 2008. The Fed has also promised to keep rates low for some time to come. Interest rates low for an “extended period”, will make U.S. asse [...]
The Effects of Tax Cuts & Bernan...
The Effects of Tax Cuts and Bernanke’s Bond Buy:
The Federal Reserve began buying bonds recently and Ben Bernanke has received criticism for beginning the program. Critics of the Fed believe Qe2 is not necessary, we believe the Fed has data on the economy that may legitimize this bond buy. Our data also supports this move at this tim [...]
Bernanke Talks Global Economy in Germ...
Bernanke Defends $600 Billion Bond Buy
Ben Talks Global Economy in Germany – Defends $600 Billion Bond Buy
Federal Reserve Chairman Ben Bernanke Answers Critics
Federal Reserve Chairman Ben Bernanke spoke today regarding the central bank bond purchase program. In a statement made in Germany, Bernanke argued that the $600 billion bond [...]
A Global Story: Chile, Germany Schaeu...
Chile and Germany are Growing – Schaeuble Comments on $600 Fed Purchase
Chile is on the move. Economic activity in Chile is growing and a new report from the Central Bank of Chile showed the monthly index for economic activity grew faster than expected in September. The index of economic activity increased 6.5% on an annual basis whic [...]
Bernanke Speaks on Taxes, Spending an...
Bernanke Talks U.S. Taxes and Spending
Benanke Weighs in on Taxes and Spending.
The Federal Reserve Bank Chairman Ben Bernanke talked yesterday about budget deficits and the future of the U.S. economy at a question-and-answer session with students from various colleges and universities in Providence, Rhode Island. Bernanke warned that curr [...]
Jobless Claims Down, U.S. Homes &...
Initial Jobless Claims Fall
The U.S. Department of Labor data reports that for the week ending Aug. 28 , “the advance figure for seasonally adjusted initial claims was 472,000, a decrease of 6,000 from the previous week’s revised figure of 478,000. The 4-week moving average was 485,500, a decrease of 2,500 from the previo [...]
Consumer Confidence, GDP & Berna...
Consumer confidence rises slightly and GDP is revised down from 2.4 percent. New data from the University of Michigan shows that the consumer is still hurting emotionally but expectations have nudged slightly upward. GDP numbers came in at 1.6 percent growth confirming early evidence that consumer has not rebounded yet in this sluggish re [...]
