Articles About Fed

Author:
James I. Clark III
Posted:
11.04.2010

Fed Likely to Act Anew to Stimulate the Economy

The Federal Reserve is considering new action to simultaneously stimulate the economy and prevent the possibility of deflation.  Charles Evans, President of the Chicago Fed, recently said that the central bank needs to act to prevent the inflation rate from falling, saying the U.S. economy faces a “bona fide liquidity trap” and that additional accommodation […]

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Author:
James I. Clark III
Posted:
08.04.2010

Pre-Crisis Credit Levels Will Return Slowly

As the nation gradually recovers from the Great Recession, several years are likely to pass before lending returns to pre-crisis levels, according to Federal Reserve Governor Elizabeth Duke.  The return of credit growth is far slower than during any business cycle of the last four decades with the sole exception of the 1990 – 1991 […]

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Author:
James I. Clark III
Posted:
11.09.2009

First CMBS Under TALF Is on the Horizon

The markets are keeping a close eye on a transaction that may jump start the commercial property debt market, even though the Federal Reserve has expressed some uneasiness with the deal.  If the transaction is successful, it could pave the way for the initial sale of commercial mortgage-backed securities (CMBS) under the government Term Asset-Backed […]

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Author:
James I. Clark III
Posted:
09.02.2009

Fed Chairman Ben Bernanke Likely to Keep His Job

Federal Reserve chairman and Great Depression scholar Ben Bernanke will stay in his job for another four years if President Barack Obama gets his way.  There likely will be some contentious moments during the reconfirmation hearings as Senators grill him about bailing out Wall Street institutions deemed too big to fail.  He is expected to […]

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Author:
Tom Silva
Posted:
08.07.2009

Economic Free Fall Slows During Second Quarter of 2009

Finally, there’s encouraging news on the economic front.  The economy declined just one percent during the second quarter of 2009, a rosier report than was expected.  It is the strongest signal so far that the longest recession since the end of World War II is easing its grip. In a report issued by the Department […]

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Author:
James I. Clark III
Posted:
06.15.2009

Local Banks Facing Significant CRE Losses

Toxic commercial real estate loans could create losses up to $100 billion for small and mid-size banks by the end of 2010 if the economy worsens.  According to a Wall Street Journal report – which applied the same criteria used by the federal government in its stress tests of 19 big banks — these institutions […]

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Author:
Tom Silva
Posted:
05.20.2009

There’s Method in Warren Buffett’s Madness

Warren Buffett’s loyal followers are wondering what got into the Oracle of Omaha when he told CNBC  that this is “a great time to be in banking“, praised Wells Fargo’s massive earning power, and said that the government doesn’t need to provide capital to or nationalize banks. Although some critics dismissed Buffett’s statements as biased because […]

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Author:
Mike Ochs
Posted:
02.23.2009

A Brief History of the Fed

The origins of the public/private Federal Reserve Bank is the subject of a new book “Innumeracy”, by John Allen Paulos. Established in 1913 when Congress passed the Federal Reserve Act in an attempt to prevent financial panics, the Fed still had an aura of mystery. Even more curiously, the Fed’s founders knowingly created the perception […]

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Author:
Mike Ochs
Posted:
02.18.2009

Homeowners Rush to Refinance While Interest Rates Are Low

What recession? A recent conversation with a friend revealed the unexpected nugget that at least one segment of the credit industry is alive and extremely well. The friend’s mortgage broker daughter is taking a leave of absence from law school to concentrate her energies on processing all the refinance applications coming her way – a […]

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Author:
James I. Clark III
Posted:
12.02.2008

Rising Inflation Rates Demand Caution When Investing

Inflation has returned with a vengeance, with a 1.1 percent increase reported during June – courtesy of soaring energy and food prices.  The Federal Reserve reacted to the warning signs on June 25, when it froze the Fed funds rate at two percent – ending nine months of rate cuts that it hoped would revive […]

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