Economy
Greek Financial Crisis Is `Over,' Rest of Euro Region Is Safe, Prodi Says The worst of Greece’s financial
crisis is over and other European nations won’t follow in its
path, said former European Commission President Romano Prodi.
Fed `Extended Period' Rate Pledge Criticized as Inflexible by Some on FOMC The Federal Reserve’s pledge to
keep interest rates close to zero for an “extended period” has
come under criticism from policy makers who say it’s restricting
their room to maneuver as the economy recovers.
U.K. Manufacturing Unexpectedly Shrinks for the First Time in Five Months U.K. factory production
unexpectedly fell in January for the first time in five months,
a sign manufacturing is struggling to shake off the nation’s
longest recession on record.
U.S. Recovery is Certain, Eurozone May Splinter, Says Wharton's Siegel Jeremy Siegel, a finance professor
at the University of Pennsylvania’s Wharton School, says the
worst is over for the U.S. economy and the Federal Reserve may
raise interest rates by year’s end to cool growth.
German Exports Unexpectedly Slumped in January, Erasing December's Jump German exports unexpectedly slumped
in January, erasing December’s jump and ending a four-month
streak of gains.
China's Surging Exports, Property Prices Add Pressure to End Crisis Stance China’s exports rose more than
forecast in February and property prices jumped the most in
almost two years, adding pressure on policy makers to pare
stimulus measures adopted during the global recession.
Obama Proving Pessimists Wrong as Rebounding Economy Converges With Stocks The political consensus may be that
President Barack Obama’s handling of the economy has been weak.
The judgment of money in all its forms has been overwhelmingly
positive, and that may be the more lasting appraisal.
Posen Says Bank of England Hopes Bond Plan Has `Done it' as Economy Grows Bank of England officials are
counting on their 200 billion-pound ($300 billion) bond-purchase
program to have succeeded in restoring the economy to growth,
policy maker Adam Posen said.
Taiwan Seeks to Drain Excess Cash From Financial System, Cool Asset Prices Taiwan’s central bank is using
open-market operations to drain excess cash from the nation’s
financial system, a bank official said, as policy makers seek to
avoid excess liquidity fueling asset prices.
French, Italian Industrial Output Rose in January, Signaling Recovery Gain French and Italian industrial
production jumped in January, signaling the recovery is gaining
pace in the euro-area’s second and third largest economies.
Bank of Thailand Keeps Rate at Five-Year Low as Protests Threaten Recovery Thailand kept its benchmark
interest rate unchanged for a seventh meeting, refraining from
following neighbor Malaysia in raising borrowing costs as
political protests threaten the nation’s economic recovery.
Sack Says Fed Selling Assets Would Risk Sudden Increase in Long-Term Rates Brian Sack, the New York Federal
Reserve Bank’s markets chief, said shrinking the central bank’s
$2.3 trillion balance sheet quickly through sales of assets
risks a sudden rise in long-term interest rates.
New Normal Becomes Old Normal With Exports Spurring Growth in New U.S. Mix The “new mix” is out to topple the
“new normal” as the paradigm for America’s economic future.
Fed May Lose Supervision of Small State Banks to FDIC, Senator Reed Says The Federal Reserve, which is urging
Congress to let it keep its bank supervising role, may lose
oversight of smaller state banks to the Federal Deposit
Insurance Corp., Democratic Senator Jack Reed said.
FEEDBACK
HOME
