Archive for the ‘Vote’ tag
Fed’s Stern Says Credit Crunch to Last Longer, Could Get Worse
In an interview with the Financial Times over the weekend, Minneapolis
Fed President Gary Stern (voter) said the credit
crunch in the U.S. would last for several more months and
conditions could deteriorate further.
U.S. Housing Bill Goes to President’s Desk
In a rare weekend meeting, the U.S. Senate passed the housing
bill by 72-13 votes. The legislation now awaits the signature of
U.S. President George W. Bush, who could sign it into law as early as
this week.
The bill would aid over 400,000 mortgage borrowers
with the FHA assuming up to $300 billion in refinanced 30-year mortgages.
The legislation also includes government relief to…
Thursday’s Events: U.S. Jobless Claims, Existing Home Sales, Fed’s Geithner
U.S. jobless claims and existing home
sales will dominate the scheduled events of the day, along with
testimony from New York Fed President Timothy Geithner (voter) and SEC
Chairman Chris Cox. Meanwhile, European markets will be paying attention
to the release of the Belgian business confidence index and comments from
Bank of England Deputy Governor Charles Bean.