Chairman Casey, Vice Chairman Brady, and other members of the Committee, I appreciate this opportunity to discuss the economic outlook and economic policy. Economic growth has continued at a moderate rate so far this year. Real gross domestic product (GDP) rose at an annual rate of about 2 percent in the first quarter after increasing…
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Adler Comments on St. Louis Fed’s Bulltard’s U.S. Monetary Policy, Housing Bubble Views
by Lee Adler • • 0 Comments
I have annotated the press release’s key comments including the bold highlighting of certain sections. Press Release- Federal Reserve Bank of St. Louis ST. LOUIS – Federal Reserve Bank of St. Louis President James Bulltard discussed “The Aftermath of the Housing Bubble” on Tuesday during an event jointly hosted by the Bipartisan Policy Center’s Housing…
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Oil edges up to near $93 after big 2-week sell-off – TheNewsTribune.com
by Newswires • • 0 Comments
Oil edges up to near $93 after big 2-week sell-offTheNewsTribune.comOil prices edged toward $93 a barrel Friday as financial markets stabilized after a sharp two-week sell-off caused by the latest flare-up in Europe's debt crisis and a gloomy econo…
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Several on FOMC Said Easing May Be Needed on Faltering – Bloomberg
by Newswires • • 0 Comments
Business InsiderSeveral on FOMC Said Easing May Be Needed on FalteringBloombergSeveral Federal Reserve policy makers said a loss of momentum in growth or increased risks to their economic outlook could warrant additional action to keep the recovery on …
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Plosser Says Rates Should Rise Before 2014 FOMC Target Date
by Lee Adler • • 0 Comments
Philly Fed President Charles Plosser said in a speech in San Diego: “You may know that I dissented from the FOMC decisions in August and September because it was not clear to me that increasing monetary policy accommodation was appropriate then. After all, inflation was higher and unemployment was lower relative to the previous year,…
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Lloyds Records Small Profit in First Quarter – New York Times
by Newswires • • 0 Comments
New York TimesLloyds Records Small Profit in First QuarterNew York TimesBy MARK SCOTT Carl Court/Agence France-Presse — Getty ImagesAntónio Horta-Osório, chief of Lloyds Banking Group. LONDON — Lloyds Banking Group, partly owned by the British go…
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Employment Data Saga Continued: Krasting Says Larry Summers Misstates; Stockman Says It Goes Deeper
by Newswires • • 7 Comments
The Labor Force Participation Rate (LFPR) is a key economic statistic today. Changes in the LFPR are shaping the direction of the capital markets, federal economic policy, monetary policy and, most importantly, politics.
The LFPR hit a new record low …
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FOMC Statement and Watch Live Dog and Pony Show Here at 2:15
by Lee Adler • • 2 Comments
For immediate release
Information received since the Federal Open Market Committee met in December suggests that the economy has been expanding moderately, notwithstanding some slowing in global growth. While indicators point to some further improveme…
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FOMC Preview
by Bears Chat at The Wall Street Examiner • • 0 Comments
Monday, August 08, 2011
FOMC Preview
by CalculatedRisk on 8/08/2011 02:01:00 PM
There is a one day meeting of the FOMC tomorrow and no press briefing. In light of recent developments, the FOMC statement to be released around 2:15 PM ET Tuesday might …
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Faith And The Markets
by Bears Chat at The Wall Street Examiner • • 0 Comments
HAROLD CAMPING, the radio preacher who inaccurately forecast that the Apocalypse would begin on May 21st, made a rookie’s mistake. Any pundit could have told him that when you forecast an event, you should not name a date. But if you are forced in…
