Archive for the ‘San Francisco’ tag
Fed’s Yellen Says Markets "May Get Worse Before They Get Better"
Federal Reserve Bank of San Francisco President Janet Yellen said
Monday market conditions “could get worse before they get better”, but
that she expects market functioning to “improve markedly” by
2009.
Dallas Fed’s Fisher Expects Rate Hike Despite Slowing Growth
Speaking in San Francisco on Thursday, Dallas Fed President Richard
Fisher said he expects “a change of course in monetary
policy to occur sooner rather than later, even in the face of an
anemic economic scenario.”
“I would expect a change of course in monetary policy to occur sooner
rather than later, even in the face of…
Fed’s Yellen Says Current Rates "Appropriate" to Stimulate Growth
San Francisco Fed President Janet Yellen (non-voter) said rates
are “appropriate” for encouraging growth and that the real Fed funds rate
is near zero.
In a Q&A session following her speech, Yellen said
some negative scenarios for the housing market remain
and that the extent of the drop in housing prices is the biggest unknown.
She also said she is concerned about an adverse feedback loop on home
prices…