Archive for the ‘uncategorized’ Category
U.S. Fed’s Beige Book Says Economy "Generally Weak" With 7 Districts Slowing
Economic conditions across the United States remain “generally
weak” in the Fed’s Beige Book covering April and May, yet only
seven of the 12 districts describe conditions as “sluggish” or “soft,”
compared to nine in the previous report, while the remaining five
described conditions as “stable” or “little changed.”
Fed’s Kroszner Says Disclosures Might Not Be Enough
Speaking at the Cleveland Fed’s 2008 Community Development Policy
Summit on consumer credit markets, Fed Governor Randall
Kroszner said that more disclosures on some credit products may not be
sufficient to protect consumers.
“There are challenges in ensuring
that the appropriate information is provided to help markets function
efficiently,” said Kroszner. “Product suppliers may not always
provide…