Central Banks

Obama Unlikely to Push China Hard on Letting Currency Rise Against Dollar

By by| AP| Politics

… do," said Eswar Prasad, an economist at Cornell University and senior fellow at the Brookings Institution. China's central bank made its subtle yet surprising shift in the wording of its exchange-rate policy on Thursday. In the arcane language that …

Story|11/15/2009

White House Criticizes Plan to Strip Fed's Powers

By by| WSJ| Politics

… away those powers could prevent the central bank from gathering "timely and complete ..... increasingly high-stakes debate about the central bank 's future role. Senate Banking Committee ..... Dodd's proposal aims to narrow the central bank 's purview so it focuses more closely …

Story|11/14/2009

Senate Dems Attempt to Curb Fed's Powers

AP| Politics

… oversight of the U.S. market. The Fed has been a dominant figure in managing the economy, although many lawmakers blame the central bank for not doing enough to prevent last year's crisis. "We saw over the last number of years when (the Fed) took on consumer …

Story|11/10/2009

G20 Finance Ministers Believe Too Early to End Stimulus

AP| World

… Germany, France and Russia have called for a joint plan on when countries should start repaying debt, and the European Central Bank has indicated it will soon start withdrawing some of its emergency lending to banks. On climate change, the G …

Story|11/07/2009

Unemployment Edges Toward 10 Percent in Labor Report

AP| Politics

… a key interest rate at a record low level of nearly zero for an "extended period" in order to support the economy. The central bank said economic activity has "continued to pick up," but Fed Chairman Ben Bernanke and his colleagues warned that rising …

Story|11/06/2009

European, British Central Banks Don't Alter Interest Rates

AP| World

… European, British Central Banks Don't Alter ..... head of the European Central Bank on Thursday ..... while the Bank of England pumped more ..... The world's central banks have slashed ..... Iceland's central bank lowered its …

Story|11/05/2009

Obama Endorses U.S. House Financial Overhaul Bill - FOXNews.com

AP| Politics

… for the mistakes of others. Another major issue for lawmakers was how much power to give the Federal Reserve, the U.S. central bank . Many lawmakers blame the Fed for the current financial crisis and said it should not be trusted to monitor the largest …

Story|10/27/2009

Iceland Bids Farewell to Big Mac in Global Financial Crisis

AP| World

… of a Big Mac on the island was then Prime Minister David Oddsson. Oddsson went on to become governor of the country's central bank , Sedlabanki, a position that he was forced out of by lawmakers earlier this year after a public outcry about his inability …

Story|10/26/2009