Economy
Fed Maintains Pledge to Keep U.S. Interest Rates Low for `Extended Period' Federal Reserve officials repeated
their pledge to keep the main interest rate near zero for an
“extended period” and confirmed that emergency measures to
prop up the housing market will end as planned this month.
BOJ May Expand Lending Program by at Least $55 Billion to Tackle Deflation Japan’s central bank may increase a
credit program by at least 5 trillion yen ($55 billion) today to
stem deflation as separate credit measures are set to expire.
South Korea Central Bank Successor Kim May Tighten Links With Government Kim Choong-soo, picked by South
Korea’s government yesterday to take the central bank’s helm
next month, may bolster coordination with political leaders
resisting any move to raise interest rates.
Feldstein Sees Greece Euro-Exit Pressure as Government Deficit Plan Fails Harvard University Professor Martin
Feldstein, who warned almost two decades ago that the euro would
prove an “economic liability,” said Greece’s austerity plan
will fail and the country may quit the single currency to fix
its fiscal crisis.
Senate Pressure May Force Obama to Take Stronger Stance on Yuan's Value The latest push by U.S. lawmakers
to target China’s currency policy may force President Barack
Obama to take a stronger stance against how the yuan is valued,
senators and analysts said.
Japan Service Demand Increases as Export-Led Recovery Spreads to Consumers Japan’s demand for services rose
the most in more than a decade in January, adding to evidence
that the export-led recovery is starting to benefit households.
Philippine Central Bank May Further Pare Bank Lending Program, Amador Says The Philippines may further pare a
lending program for banks or consider raising the interest rate
for the facility as it unwinds more stimulus measures, central
bank Assistant Governor Cyd Amador said late yesterday.
Volcker to Tell Congress Fed Should Retain Power to Supervise U.S. Banks Former Federal Reserve Chairman
Paul Volcker, now an adviser to the White House, said monetary
policy and bank supervision are “inextricably intertwined” and
that the Fed should retain its power to supervise banks.
New Zealand Consumer Confidence Declines for Second Quarter, Survey Shows New Zealand consumer confidence
declined for a second quarter as households lowered their
expectations on future conditions, Westpac Banking Corp. and
McDermott Miller Ltd. said in a report today.
Fed Maintains Pledge to Keep U.S. Interest Rates Low for `Extended Period' Federal Reserve officials repeated
their pledge to keep the main interest rate near zero for an
“extended period” and confirmed that emergency measures to
prop up the housing market will end as planned this month.
Fed Officials May Set Sights on Avoiding Low U.S. Inflation in Exit Debate Douglass Henry, chief executive
officer of Henry Molded Products in Lebanon, Pennsylvania, used
to worry about inflation because a jump in energy prices could
drive up production costs.
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