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Paulson, Bernanke Rebuked on HillThe Treasury secretary and Fed chairman were pressed by a House panel about their efforts to implement the rescue package, and members assailed Treasury's reluctance to be more aggressive on preventing foreclosures. (Remarks) ... |
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Central Bankers Ready to Take Collective ActionBen S. Bernanke told a conference that “policy makers will remain in close contact, monitor developments closely and stand ready to take additional steps should conditions warrant.” ... |
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Use Puts To Profit In The RecessionThe recession is underway. The US economy shrank by 0.3% y-o-y in the third quarter. Adam Lass says politicians need to accept the truth and allow the economy to correct itself. Only then will stock markets genuinely recover. When they do, some investors will make a fortune. But to survive until ... |
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Fed Signals Door `Open' for Cutting Rates to Lowest on RecordFederal Reserve Chairman Ben S. Bernanke signaled he's ready to cut interest rates to the lowest level on record should the central bank's actions fail to stem the deepening economic slump. Policy makers said yesterday that ``downside risks to growth remain'' even after their half-point reduction... |
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McCain Drags Feet On Another Stimulus PackageJohn McCain is withholding endorsement of another economic stimulus package for the sagging U.S. economy, giving Barack Obama a fresh opening to attack him on the top issue in the presidential campaign. With two weeks until Election Day, the idea -- advanced by Obama and other congressional Demo... |
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Fed Chairman Endorses New Round of StimulusThe chairman of the Federal Reserve, Ben S. Bernanke, said on Monday that he supported a second round of additional spending measures to help stimulate the economy. “With the economy likely to be weak for several quarters, and with some risk of a protracted slowdown, consideration of a fisc... |
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