Archive for the ‘Intervention’ tag
Treasury’s Paulson Says Fed’s Role Must be as a Stabilizer
Speaking to journalists en route to Berlin, Treasury Secretary
Henry Paulson said that his speech on July 2 will focus
on the Federal Reserve’s role as a macro stability regulator.
Paulson said that speech will focus on the Federal Reserve’s process
for intervening in financial affairs and that any
intervention by the Fed must be paired with market discipline.
Paulson Says Main Message to G8 Will Be Strong U.S. Economy to Reflect in USD
Speaking in an interview with Bloomberg Television, U.S. Treasury
Secretary Henry Paulson said he would not speculate on
what the G8 will say, but his main message to the organization would be
that the strong fundamentals of the U.S. economy would be reflected in
the U.S. Dollar. He also said he did not want to completely rule out the
possibility of foreign exchange intervention.
The policy-maker reaffirmed his faith in the U.S.
economy despite soaring oil prices and ongoing stress in the
capital markets…
U.S. Treasury Secretary Paulson Says Fundamentals of Economy Favourable
Despite five months of job losses and soaring oil prices, the
fundamentals of the U.S. economy remain favourable, said
U.S. Treasury Secretary Henry Paulson on Monday. However, he noted the
price of oil is a problem and that no policy initiatives are off the
table, including currency intervention.
Paulson was interviewed on CNBC as well as CNN on a variety of
issues.
He attributed the surge in oil prices to…