Tag archive for ‘Housing Slump’
Treasury Secretary Paulson - “Markets are Calmer Now”
Washington, D.C. (Associated Press): Treasury Secretary Henry Paulson said Friday that financial markets are “considerably calmer” now than they were two months ago. He predicted the economy will be rebounding by the second half of this year.
In a speech to business executives in Washington, Paulson said the drag from housing, which he characterized as still [...]
Federal Reserve Drops Fed Funds Rate to 2%
WASHINGTON (AP) - The Federal Reserve cut a key interest rate by a quarter-point, a smaller move than the aggressive easing it undertook earlier this year.
The Fed action, announced Wednesday after a two-day regular meeting, pushed the federal funds rate down to 2 percent, its lowest level since late 2004. It marked the seventh [...]
It’s official - we’re screwed….
Washington, D.C. (Rightcommentary.com) - Today appearing before the Congress, Federal Reserve Chairman Ben Bernanke conceded for the first time the U.S. economy may slip into recession, but said growth should pick up later this year as interest rate cuts and other emergency steps take root.
Bernanke said in his testimony that the [...]
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