Aug 29, 2010

Your forexlive.com ENewsletter

Your forexlive.com ENewsletter

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Hoenig: Optimistic On Recov; Critical To’Take On’Fisc Issues

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By Steven K. Beckner JACKSON HOLE, Wyo. (MNI) - Kansas City Federal Reserve Bank President Thomas Hoenig Saturday expressed optimism on the economy, but said action is needed to deal with record budget deficits. At the close of his Bank's annual symposium, Hoenig said the ...

BoE’s Bean Worries MPol Being Asked More Than Capable Of -2

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By Steven K. Beckner Bean argued that raising interest rates enough to have snuffed out the boom would have had unacceptable economic consequences. Blinder agreed. If the Fed is going to buy assets, Blinder argued that it can have more impact ...

BoE’s Bean Worries MPol Being Asked More Than Capable Of

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By Steven K. Beckner JACKSON HOLE, Wyo. (MNI) - Charles Bean, deputy governor of the Bank of England, expressed concern Saturday about unrealistic expectations of what monetary policy can accomplish. Meanwhile, Bundesbank President Axel Weber said that governments must come to ...

IMF’s Lipsky: Need to Consider New IMF Liquidity Facility

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--Need Bigger Role for SDR in Reserves, Borrowing --IMF Has Not Advocated Rise in Inflation Target By Steven K. Beckner JACKSON HOLE, Wyo. (MNI) - A top International Monetary Fund official suggested Saturday that the IMF needs to play an increasing role as a provider of liquidity in ...

BoE’s Bean Worries MPol Being Ask More Than Capable Of -2

Posted:

By Steven K. Beckner Bean argued that raising interest rates enough to have snuffed out the boom would have had unacceptable economic consequences. Blinder agreed. If the Fed is going to buy assets, Blinder argued that it can have more impact ...

BoE’s Bean Worries MPol Being Ask More Than Capable Of

Posted:

By Steven K. Beckner JACKSON HOLE, Wyo. (MNI) - Charles Bean, deputy governor of the Bank of England, expressed concern Saturday about unrealistic expectations of what monetary policy can accomplish. Meanwhile, Bundesbank President Axel Weber said that governments must come to ...

Jackson Hole told’Fiscal Stress’ Makes Infl Harder to Curb -3

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By Steven K. Beckner Among the forces that could impact growth and inflation and in turn monetary policy in coming years, Leeper lists an extension of the Bush tax cuts; potential deficit cuts, bail-outs of state governments; expenditures on bankrupt government-held Fannie Mae and Freddie Mac, and a reversal of ...

Jackson Hole told’Fiscal Stress’ Makes Infl Harder to Curb -2

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By Steven K. Beckner If taxes do not rise to pay for increasing debt or if spending is not reduced, a different, more inflationary scenario can emerge, he warns. "An expectation that transfers (transfer payments) will rise in the future reduces the ...

Jackson Hole told ‘Fiscal Stress’ Makes Infl Harder to Curb

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By Steven K. Beckner JACKSON HOLE, Wyo. (MNI) - A coming "era of fiscal stress" will make it difficult for central banks to control inflation unless steps are taken to curb deficit and entitlement spending, participants in the Kansas City Federal Reserve Bank's annual symposium were warned Saturday. ...

BOE’s Bean: More easing may be necessary; Regulation, not monetary policy to ward off boom/bust

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Speaking at Jackson Hole, BOE deputy governor Bean said more monetary policy easing may yet bee needed. Avoiding future crises in the credit markets will require central bankers and regulators to rely more on regulation than merely on monetary policy, Bean said. The BOE is replacing the Financial Services Authority as the ...

BoE’s Bean: More Easing ‘May Yet Be Necessary’

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By Steven K. Beckner JACKSON HOLE, Wyo. (MNI) - Charles Bean, deputy governor of the Bank of England, said Saturday that further monetary easing "may yet be necessary" to keep recovery "on track." Bean said that when economic and financial conditions ...

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