Archive for the ‘Cnbc’ tag
Fed’s Stern Says Inflation Outlook Has Improved
Speaking in an interview with CNBC, Minneapolis Federal Reserve
President Gary Stern (voter) said the outlook on core
and headline inflation has improved.
Stern commented that the current drop in energy prices has alleviated
inflation concerns. He added that it would be “some time before we see
some growth in the economy.” When asked whether the U.S. economy was in a
recession, he answered that…
Greenspan Says Regulator Role Will Undermine Fed’s Credibility
In an interview on CNBC, Former Federal Chairman Alan
Greenspan warned that if the Federal Reserve is given a role to
oversee the financial system it could undermine its credibility.
Greenspan said the US is facing a “once in a century
crisis.” He warned that the U.S. teeters on the brink of
recession…