It seems that just recently, Ben Bernanke, the Fed Chief, was asked about the risk of shrinkage in the economy. As reported by Mr. Bernanke in this Fortune.com article:
“The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so,” Bernanke said this week at a conference [...]
Ben Bernanke
Bernanke on Economic Shrinkage
Bernanke Go Bragh
Looks like the Fed is giving out some green for Saint Patrick’s Day.
According to Sunday’s (yes, Sunday) press release:
First, the Federal Reserve Board voted unanimously to authorize the Federal Reserve Bank of New York to create a lending facility to improve the ability of primary dealers to provide financing to participants in securitization markets. This [...]
Bernanke Seeks More Power
MarketWatch.com reports today that the Fed chief, Ben Bernanke, is seeking more power to oversee investment banks. According to an excerpt from that article:
WASHINGTON (MarketWatch) — The Federal Reserve should have a much larger role in supervising investment banks to prevent and limit financial market turmoil, Federal Reserve Chairman Ben Bernanke said Tuesday, endorsing an [...]