Some links to examine Wednesday, February 27, 2008 testimony from Chairman Bernanke. The market believes the Fed will cut rates by 25 basis points. Time will tell if growth is really a more pressing problem than stabilization. We seem to be facing stagflation but that is a topic for another time.
Federal Reserve Board - Monetary Policy Report to the U.S. Congress February 27, 2008
Testimony Chairman Ben S. Bernanke - Semiannual Monetary Policy Report to the Congress - Before the Committee on Financial Services, U.S. House of Representatives February 27, 2008
Bloomberg.com
Articles:
Bernanke Signals Fed Prepared to Lower Rates Again (Update6) By Craig Torres and Scott Lanman Feb. 27, 2008
Dollar Trades Near Record Low Against Euro on Rate Differential By Kosuke Goto and Ron Harui Feb. 28, 2008
MarketWatch
Articles:
THE FED -Bernanke signals Fed to stay on easing course: Inflation risk remains a secondary concern behind stimulating growth By Greg Robb, MarketWatch 11:52 a.m. EST Feb. 27, 2008
CAPITOL REPORT - FOMC sets informal inflation target of 1.5% to 2% - Analysis: Bernanke pushes Fed as far as possible on formal goal By Rex Nutting, MarketWatch 10:28 a.m. EST Feb. 27, 2008
MARKET SNAPSHOT - U.S. stocks shift as profit-takers follow Fed chief By Kate Gibson, MarketWatch 4:32 p.m. EST Feb. 27, 2008
Predictions of rate cuts and inflation on rocky ride: Odds of rate cuts, then rate hikes, dance around on slew of economic news By Laura Mandaro, MarketWatch 5:05 p.m. EST Feb. 26, 2008
Commentary:
Audio Commentary: Battipaglia: Analysts are too optimistic Feb. 27, 2008
Audio Commentary: Kellner: We are facing 'stagflation' Feb. 27, 2008
New York Times (may require a subscription or registration)
Articles:
Fed Chief Signals He’s Open to More Rate Cuts By Edmund L. Andrews February 27, 2008
Bernanke Says Sagging Growth Is Chief Concern By Edmund L. Andrews
February 28, 2008
TheStreet.com
Market Features: Bernanke Signals More Rate Cuts By Nat Worden 02/27/08 - 12:12 PM EST
Wall Street Journal (may require a subscription or registration)
Articles:
Bernanke Hints at More Rate Cuts Amid Multiple Economic Risks By Tom Barkley and Brian Blackstone February 27, 2008 4:26 p.m.
Economics Blog:
Real Time Economics: Analysis of Major Themes in Bernanke’s Testimony February 27, 2008, 12:22 pm
Real Time Economics: Bernanke Flashback: The Financial Accelerator February 27, 2008, 12:15 pm
Real Time Economics: Bernanke to Banks, Fannie, Freddie: Dilute Your Shareholders February 27, 2008, 11:40 am
Real Time Economics: Fed Critiques: Too Timid or Too Aggressive? February 27, 2008, 9:24 am
Washington Post
Bernanke Signals Rate Cuts On Concern About Economy By Neil Irwin Washington Post Staff Writer Thursday, February 28, 2008
Yahoo! News
Investors Business Daily: Bernanke Suggests Further Rate Cuts As Economy Falters By Scott Stoddard Feb 27, 6:27 PM ET
Economy quotes from Wednesday hearing By The Associated Press Wed Feb 27, 4:05 PM ET
Bernanke says weak growth may prompt fresh rate cuts By Justin Cole AFP February 28, 2008
Bernanke says Fed prepared to help U.S. economy By (Reuters) Mark Felsenthal Wed Feb 27, 5:48 PM ET
International Views
FT.com (may require a subscription or registration)
Articles:
Dollar hits new low as Fed signals rate cut By Krishna Guha in Washington February 27 2008
UK Timesonline
Articles:
Uneasy Ben Bernanke gives the green light for fresh interest rate cut Gary Duncan, Economics Editor - The Times February 28, 2008
UK Telegraph
Articles:
US fed chief Bernanke hints at more rate cuts By James Quinn, Wall Street Correspondent Last Updated: 12:57am GMT 28/02/2008
Bloggers
ECONOMIST’S VIEW February 27, 2008 - Bernanke's Testimony before the House Financial Services Committee (includes access to video of testimony)
No comments:
Post a Comment