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federal reserve: Federal Reserve Open Market Actions - What is the target? the impact? - 10/25/08 12:36 PM
The Federal Reserve determines and carries out monetary policy to promote goals of high employment, sustainable growth, and stable prices. The Reserve tightens monetary policy to curb inflation. It loosens monetary policy to ease unemployment.
There are three basic tools that the Reserve uses to implement monetary policy. Open market operations, discount window operations, and establishing banking reserve requirements.
Open-Market Operations are the purchase and sale of government securities issued by the Treasury Department and sold by securities dealers. It is called Open Market because these purchases are made on the open market from approved securities dealers. Purchasing the securities infuses cash … (8 comments)
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federal reserve: Federal response market recovery - 10/07/08 08:07 PM
The market response after the bailout bill has been disappointing, but the bill actually did little to address the economy's problem. As massive as it is, as costly as it is, as loaded with pork as it is, the bailout did not address foreclosures, home inventory, unemployment, unfreezing the credit markets, or increasing home lending.
The bailout seems like a good solution to working out solutions for bad mortgages, and I think it will not be too costly to the US Treasury. It just does not address the problems.
This week the Federal Reserve has taken creative steps to move the economy … (4 comments)
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federal reserve: Bailout - enough? right problem? - 09/29/08 10:09 AM
The $700 billion bailout has a goal of restoring market confidence and stability, but is it enough, and does it even address the right problem?
Because of the make up of the pieced mortgage security pools, it is impossible to determine the value of the securities. It is impossible to determine how much is needed to purchase the bad mortgages. It is impossible to determine the potential loss.
The markets are not really responding well to the hope of the rescue plan. The Asian markets have dropped. The Wachovia sale has been announced today, despite the hope of this rescue. Two … (4 comments)
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federal reserve: Federal Reserve market action - UPDATE- A billion here and a billion there - Federal Reserve monetary policy management - 09/17/08 09:29 PM
News reports have announced that the Federal Reserve has infused the economy with billions of dollars to promote stability and liquidity in the financial markets. Does this mean that these actions are using tax payer money to bail out banks and other financial institutions?
UPDATE 9/18: World's major central banks coordinate efforts to put more cash in global markets. The AP has reported a coordinated effort for the world central banks to inject as much as $180 billion into the world economy. The joint effort includes the Federal Reserve, the European Central Bank, the Bank of Canada, the Bank of England, the Bank of … (11 comments)
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federal reserve: Bank worries continue - 08/20/08 06:48 AM
There have been several posts and articles about troubled banks and federal regulators increasing staff to manange upcoming failures. The last three banks to be closed were smaller banks that had evidently suffered liquidity problems from commercial real estate. Jim Crawford, of Atlanta, wrote about the most recent bank to fail.
Some high profile economists are now indicating that there will be one or two large banks to fail. These banks have already moved in some way to reduce their mortgage lending operations.
Former IMF chief economist Kenneth Rogoff is quoted as looking for a major failure to take place in the next … (26 comments)
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federal reserve: FannieMae, FreddieMac, Federal Reserve - Mortgage lending changes coming? - 07/14/08 04:45 PM
Three separate events had significant impact on mortgage markets last week. The Home Protection bill is being debated. IndyMac Bank announced it was closing it wholesale operations. Then on Friday the bank was taken over by federal regulators. Finally Fannie Mae and Freddie Mae stock values dropped by nearly 50% amid concerns over the two companies ability to maintain their capitalization requirements necessary to meet their obligations.
It was quite a week.
Sunday the Treasury Department announced that the Federal Reserve and the Treasury department would step in with measures that would ease short term capital requirements.
•1. The Federal Reserve opened … (2 comments)
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