Federal Reserve
CHICAGO, IL - MAY 01: Traders monitor prices in the Standard & Poor's 500 stock index options pit at the Chicago Board Options Exchange (CBOE) prior to remarks from the Federal Reserve following the Feds two-day meeting of its policy-making committee on May 1, 2013 in Chicago, Illinois. Stating the economy was expanding at a 'moderate pace' and that the labor market had shown 'some improvement' the Federal Reserve said today that it would continue its stimulus campaign at the same pace it has maintained since December.
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Quotes
So until we see any indication of the Federal Reserve tapering stimulus, modest pullbacks of 1%-3% will likely continue to be used as buying opportunities by market participants riding high on a stimulus-driven market
I think that the OCC, the Fed[(the Office of Comptroller of the Currency and the U.S. Federal Reserve], greatly underestimated the complexity of the task
These peaks in the Hang Seng tend to happen every six to eight years and they tend to happen when global growth is accelerating, [and] when liquidity is still full on from the Fed [U.S. Federal Reserve], the BOJ [Bank of Japan]More quotes »
Newsday's coverage
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Your Finances: Combating low returns
isn't like Federal Reserve Board chairman Ben Bernanke and his colleagues have it in for old people -- I'm sure they are all very respectful of their elders.But their policy of holding interest rates as low as they need to be to keep the economy in modest Read more »
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Buffett: Stocks reasonable, bonds awful
should pay more attention to stocks when falling prices are falling because that's a sign they are getting cheaper.The Federal Reserve 's efforts to keep interest rates low have helped the stock market soar, Buffett said, but the improving economy also has Read more »
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IMF warns central banks on asset bubbles, markets
International Monetary Fund Wednesday urged the Federal Reserve and other central banks to closely monitor their extraordinary efforts to jump-start economic growth, warning that the policies could inflate asset bubbles and destabilize financial markets.The Read more »
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Federal Reserve opens probe into minutes' leak
Federal Reserve said Wednesday it launched an investigation into the U.S. central bank's worst security lapse in years, but it said it appeared the early release of market-sensitive minutes of a policy meeting, including to some banks, was accidental.Minutes Read more »
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Irwin: Who will be the next chair of the Federal Reserve?
whether his clear strengths overcome his weaknesses, whether his leadership style will work at the consensus-oriented Federal Reserve, and whether he is ready for a potentially tricky Senate confirmation process.ROGER FERGUSON: 7-1 (13 percent probability). Read more »
Around the web
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EM ASIA FX-Taiwan dollar, won lead Asia FX gains; Bernanke in focus
Korean won led gains among emerging Asian currencies on Tuesday, as investors covered short positions in regional units before Federal Reserve Chairman Ben Bernanke's congressional testimony and on a strong Chinese yuan. Offshore funds and exporters lifted 11 m ago from Reuters Mobile Read more »
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Oil Futures Rise with Focus on Bernanke
oil futures were steady in Asia on Tuesday in sluggish trade, as market participants remained on the sidelines ahead of Federal Reserve Chairman Ben Bernanke's testimony to the U.S. Congress scheduled on Wednesday. On the New York Mercantile Exchange, light, 28 m ago from Wall Street Journal Read more »
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Aussie Dollar Rises as Bernanke Awaited
Australian dollar climbed Tuesday in Asia as the U.S. dollar slid ahead of a highly-anticipated speech Wednesday by U.S. Federal Reserve Chairman Ben Bernanke. The Australian dollar was changing hands at $0.9825 late Tuesday, compared with $0.9767 late Monday. 48 m ago from Wall Street Journal Read more »
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EURO GOVT-Bunds steady with focus on U.S.steer on stimulus
Bund futures held steady at the open on Tuesday with traders wary of taking large positions on concerns the U.S. Federal Reserve might begin slowing down its bond purchases. Comments from some Fed officials after forecast-beating data last week fuelled speculation 2:11 AM from Reuters Mobile Read more »
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Dollar Firms Against Yen
The dollar firmed against the yen during Asian trading Tuesday, ahead of Wednesday's much-anticipated testimony by Federal Reserve Chairman Ben Bernanke and the conclusion of the Bank of Japan's policy board meeting. Analysts said the greenback could be range-bound 2:08 AM from Wall Street Journal Read more »
