Word: fed
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Dates: during 2000-2009
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...real bailout wasn't TARP. It was lending and guarantee programs from the Fed and the Federal Deposit Insurance Corp. The Fed had a mere three borrowing programs before the crisis started in the summer of 2007, when two Bear Stearns hedge funds failed. At the height of the bailout, there were no fewer than 13 programs. The New York Fed had to post them on its website sideways, using teensy-weensy type, so they would print out on a single sheet of paper...
Main Street has paid a price for the ultra-low interest rates the Fed has kept in place to encourage banks to lend and to keep commerce flowing. Cheap money is nice for lenders and borrowers - but it's devastating for savers, especially for retirees who use interest income to supplement Social Security. If you had $500,000 stashed away - not a bad nest egg - you could earn a no-risk $20,000 to $25,000 annually (before taxes) two years ago buying bank CDs or short-term Treasury securities. Now you earn less than $5,000 in an average...
Tibetan resentment against Chinese rule has been fueled by religious restrictions and competition for resources with migrants from the Han Chinese majority. Similar grievances fed ethnic rioting this year in the neighboring heavily Muslim region of Xinjiang that left nearly 200 dead...
...will be less robust than desired," William Dudley, president of the Federal Reserve Bank of New York, said in an early October speech. "This means that the economy has significant excess slack and implies that we face meaningful downside risks to inflation over the next year or two." The Fed's key interest-rate target, he added, "is likely to remain exceptionally low for 'an extended period...
...central bank could raise interest rates in the coming months to cool a roaring housing market. Frederic Neumann, an economist at HSBC in Hong Kong, says Asian central bankers might need to hike rates by four percentage points over the next year - much more than is expected from the Fed - in order to quash inflation and asset bubbles. "This is the real test for Asia: the region's central banks have to hike earlier and far more aggressively than the Federal Reserve," Neumann says...