Federal Reserve Bank NewsNews on Federal Reserve Bank continually updated from thousands of sources around the net.Fed's Stearns Assets Down $1 Billion in Value- July 7, 2008 The assets that the Federal Reserve agreed to take from Bear Stearns in March to enable its sale to JPMorgan Chase have already dropped in value by $1 billion, the central bank announced.http://www.topix.net/us/fed/2008/07/feds-stearns-assets-down-1-billion-in-value?fromrss=1 Ex-Fed president: U.S. must fight inflation- July 6, 2008 Last week, Merk Investments, a small firm in Palo Alto that manages currency mutual funds, landed a big fish: William Poole.http://www.topix.net/us/fed/2008/07/ex-fed-president-u-s-must-fight-inflation?fromrss=1 The Fed seeks balance- July 5, 2008 THE decision by the Federal Reserve Bank to leave a key lending rate at 2 percent is not likely to alter the sagging state of the American economy.http://www.topix.net/us/fed/2008/07/the-fed-seeks-balance?fromrss=1 The Fed: Outlook for second half of '08 softens, Lockhart says- July 3, 2008 The U.S. economy is likely to remain sluggish over the remainder of the year, according to Dennis Lockhart, the president of the Atlanta Federal Reserve Bank.http://www.topix.net/us/fed/2008/07/the-fed-outlook-for-second-half-of-08-softens-lockhart... Fed Pauses Rate as Inflation Fears Rise- July 2, 2008 The Federal Reserve opted to hold a key interest rate steady for the first time in nine months--even amidst a sluggish economy--due largely to increasing fears of inflation.http://www.topix.net/us/fed/2008/07/fed-pauses-rate-as-inflation-fears-rise?fromrss=1 Fed To Reveal Value Of Bear HF- July 1, 2008 The Federal Reserve Bank will disclose the value of the Bear Stearns hedge fund portfolio now owned by JP Morgan and managed by BlackRock Financial Management, Financial News reports.http://www.topix.net/us/fed/2008/07/fed-to-reveal-value-of-bear-hf?fromrss=1 Fed leaves rates unchanged- July 1, 2008 The Federal Reserve left its key short-term interest rate unchanged Wednesday at 2%, marking the first time in the nine months that it did not cut rates.http://www.topix.net/us/fed/2008/06/fed-leaves-rates-unchanged?fromrss=1 |