The Federal Reserve Bank of New York Friday announced the establishment of a investor advisory committee to facilitate policy discussions.The NY Fed’s Investor Advisory Committee on Financial Markets will serve as a forum for informal discussions on financial, economic and public policy issues and help inform New York Fed president, William Dudley, and senior management. […]
Reciprocal currency arrangements between the Fed and other central banks have been extended to February 2010
U.S. interest rates hold steady
Unemployment to rise even after economic growth resumes, Fed chief cautions
Regulators call on banks to raise US$75 billion
Recovery will only gradually gain momentum
Policymakers see signs recession is easing
Test results expected to be released in early May
Financial stability necessary for full recovery
Agreements would allow Fed to provide foreign currency liquidity to U.S. banks