Posted on 25 November 2009
Tags: Asian countries, central bank, China, dollar, Europe, Financial Times, interest rate, recovery, sales, US, world bank
The World Bank published a report today in The Financial Times, saying that rapid interest rate increases aimed at surrounding inflation in product and asset prices, could give way to another recession in US and European countries, as their economies are recovering quite slowly.
The World Bank President, Robert Zoellick, said in the report that waiting for bubbles to burst and then cleaning up the aftermath is now a new lesson of what not to do.
According to him, the interest rates, tightened too much could lead to another downturn, especially in the case of countries that are showing weak recovery signs.
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Posted on 01 September 2009
Tags: agency, American Express, audit, central bank, congress, Fed, federal audit, Federal Reserve Bank, financial crisis, Financial Times, Goldman Sachs, Government Accountability Office, government’s bailout list, Morgan Stanley, New York Times, paper, profit, Special loan programs, Treasury bills
It might be unbelievable for many, but the Federal Reserve Bank has actually succeeded in making profit from the financial crisis.
The Fed has had $14 billion as profits made on loans disbursed in the past two years, according to an internal estimate obtained by the Financial Times.
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