Archive for the ‘fed’ Category

Central banks coordinate actions amid fears of a global financial breakdown

Thursday, December 13th, 2007

In a series of coordinated and parallel actions, the US Federal Reserve Board, the European Central Bank, the Bank of England, the Swiss National Bank and the Bank of Canada on Wednesday moved to inject tens of billions of dollars into near-frozen credit markets.

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Posted in credit+crisis, credit+crunch, finacial, federal+reserve, fed, business, wsws, world | No Comments » | Post to NewsCloud »

Fed moves to halt market meltdown

Saturday, August 18th, 2007

If a week is a long time in politics, then two days in the financial markets can be even longer. Last Wednesday, William Poole, president of the St Louis Federal Reserve Bank, told Bloomberg TV that the subprime mortgage rout did not threaten US economic growth and that only a “calamity” would justify an interest rate cut.

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Posted in fed, federal+reserve, market, wall+st., credit, big+money, two+americas, wsws, ben+bernanke, business | No Comments » | Post to NewsCloud »