Articles Written by:    SCOTT LANMAN     

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Federal Reserve considers new benchmark interest rate

WASHINGTON — Federal Reserve policymakers are considering adopting a new benchmark interest rate to replace the one they've used for the past two decades. The central bank has been unable to control the federal funds rate since the September 2008 ...

From SCOTT LANMAN, Denver Post,  26 Jan 2010
Related Topics: Federal Reserve,  Lehman Brothers

"More resolute" Fed sought

"As we become more confident that we are at the bottom of the recession and are moving into recovery, we must become more resolute in systematically reducing our balance sheet and raising interest rates to levels we might all agree are more in line ...

From SCOTT LANMAN, Denver Post,  8 Sep 2009

Commercial real estate woes weigh on Fed

WASHINGTON - The collapse in commercial real estate is preventing Federal Reserve chairman Ben S. Bernanke from declaring the economy and financial markets are healed. Property values have fallen 35 percent since October 2007, according to Moody’s ...

From SCOTT LANMAN, Boston Globe,  10 Aug 2009
Related Topics: Federal Reserve Bank of San Francisco,  Federal Reserve,  Ben Bernanke,  Barclays,  Maguire Properties Inc

Bernanke expects slow recovery, if all goes well

WASHINGTON - Federal Reserve chairman Ben S. Bernanke warned yesterday that another shock to the financial system would undercut the central bank's forecast that the recession will give way this year to a slow recovery. "A relapse in financial ...

From SCOTT LANMAN, Boston Globe,  5 May 2009
Related Topics: Federal Reserve,  Ben Bernanke,  John Ensign

Fed chief ready to slice, dice the rates

WASHINGTON — Federal Reserve Chairman Ben Bernanke signaled Tuesday that policymakers are ready to lower interest rates as the credit freeze poses an escalating danger to the economy. The world financial system is under "extraordinary stress," and ...

From SCOTT LANMAN, Denver Post,  8 Oct 2008
Related Topics: Federal Reserve,  Ben Bernanke,  Standard Poor's,  U.S. Congress

Fed Pumps $630 Billion Into System

The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression. The Fed increased its existing currency swaps with foreign central ...

From SCOTT LANMAN AND CRAIG TORRES, The New York Sun,  30 Sep 2008
Related Topics: Federal Reserve,  U.S. House of Representatives,  Citigroup,  Wachovia Corporation,  Standard Poor's

Fed's S.F. boss sees substantial' growth risks, inflation slowing

Posted: 1:18 PM-     Federal Reserve Bank of San Francisco President Janet Yellen told a Salt Lake City audience today there are "substantial" risks of slower U.S. economic growth, and inflation is likely to slow, signaling that she opposes raising ...

From SCOTT LANMAN AND STEVE MATTHEWS, Salt Lake Tribune,  4 Sep 2008

Three Fed Banks Lobbied To Raise Rates in July

One-quarter of the Federal Reserve's regional district banks lobbied to raise the discount rate in July, signaling rising pressure to increase borrowing costs to banks even as economic growth slows. Citing a rising danger of inflation, the boards in ...

From SCOTT LANMAN, The New York Sun,  2 Sep 2008
Related Topics: Federal Reserve

McCain, Obama back Fed chairman

John McCain and Barack Obama miss no opportunity to contrast their differences on taxes, trade and health care. On the institution with the most influence over the economy - the Federal Reserve - their views have been similar and sparse.     Both of ...

From SCOTT LANMAN BLOOMBERG NEWS, Salt Lake Tribune,  24 Jul 2008
Related Topics: Federal Reserve,  Barack Obama,  John McCain,  Bear Stearns Companies, Inc,  Ben Bernanke

Fed signals alarm on inflation

THE United States Federal Reserve is sounding the alarm on inflation without committing to raise interest rates. The Federal Open Market Committee left its benchmark rate at 2 percent and said "upside risks" to prices have picked up. The statement ...

From SCOTT LANMAN, Shanghai Daily,  26 Jun 2008
Related Topics: Federal Reserve,  Ben Bernanke,  Bloomberg News

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