* Consumers, housing, trade fuel fast growth * GDP grows at annual rate of 6.1 percent in Q1 * March GDP expands 0.6 percent vs February
Monthly archives for May, 2010
The Fed: Evans: Fed could delay ending low rates (at MarketWatch)
Federal Reserve Bank of Chicago President Charles Evans says Monday that Europe s debt woes could prompt the U.S. central bank to delay raising interest rates, though he downplays the impact of the crisis so far, according to published reports.
Evans: Fed could delay ending low rates (at MarketWatch)
Federal Reserve Bank of Chicago President Charles Evans said Monday Europe s debt woes could prompt the U.S. central bank to delay raising interest rates, though he downplayed the impact of the crisis so far, according to published reports.
Fed officials see small uncertainty from Europe (Reuters)
Two U.S. Federal Reserve officials said on Monday that the euro zone debt crisis has added some uncertainty to the economic outlook but the impact is not yet big enough to influence the interest rate policy of the United States.
Fed s Plosser sees no US policy impact from Europe (at Reuters)
The euro zone s debt crisis has raised uncertainty over the economy but not so much as to affect U.S. interest rate policy yet, Charles Plosser, president of the Philadelphia Federal Reserve Bank, said on Monday.
Fed s Evans: euro zone crisis adds to uncertainty (Reuters)
The U.S. economy s recovery is well under way but the financial market turmoil over the euro zone s debt crisis has added to uncertainty, Chicago Federal Reserve Bank President Charles Evans said on Monday.
Fed chief sees delicate dance ahead (AP)
The delicate task ahead for the Federal Reserve and other central banks is deciding when to start boosting interest rates and reeling in all the stimulus pumped out during the global financial crisis, Fed Chairman Ben Bernanke said Sunday.
U.S. Treasury says it has not considered any other AIA deal (Reuters)
The future of Prudential s deal to buy AIG s Asian life insurance arm remained uncertain on Saturday, with the U.S. Treasury saying it has not considered any other deal than the existing contract on the table.
Fed details plans to let banks set up CDs (AP)
The Federal Reserve announced details Friday of a program that allows banks to set up the equivalent of certificates of deposit at the central bank.
AIG gets approval to cut AIA deal price: report (at MarketWatch)
The Treasury Department and the Federal Reserve are willing to let bailed-out insurer American International Group Inc. reduce the price it would accept in the sale of its Asian insurance unit, AIA Group Ltd., Bloomberg reported Friday. U.K. life insurer Prudential said Friday it is renegotiating its $35.5 billion deal with AIG to acquire the business.