Measures will not alleviate credit crunch or economic recession, says Merrill Lynch
“Unconventional” policy tools needed
Fed expands emergency lending program
FOMC expected to cut interest rates by 75 bps at March 18 meeting
Measures needed to address “heightened liquidity pressures”
A Federal Reserve report on the U.S. economy suggests a slowing in growth since the beginning of the year and upward price pressures.The Fed today released its beige book, a summary of economic activity prepared for use at the central bank’s Federal Open Market Committee meeting set for March 18.The report, collecting data from the […]
Inflation rates to 2% in 2008: Fed report
FOMC forecasts rise in U.S. core inflation
Downside risks to growth remain, Bernanke says
Debt rose by US$4.5 billion in December