Fed Watch News

President-elect Barack Obama has selected New York Federal Reserve Bank President Timothy F. Geithner as Treasury secretary, handing the post to a primary architect of the Bush administration's response

Plosser: Housing May Near Bottom Next Year - 5 Hours ago

The troubled U.S. housing market should find a bottom in the middle of 2009, Philadelphia Federal Reserve President Charles Plosser said Friday, but he acknowledged the outlook remains highly uncertain.

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Lacker: Fair to Expect Rebound in 2009 - 5 Hours ago

Richmond Federal Reserve Bank President Jeffrey Lacker said on Friday it is reasonable to expect the economy to reverse a downward track some time in 2009, and warned of inflation risks in any rebound.

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Kohn: Weak Economy Likely to Persist - 5 Hours ago

U.S. Federal Reserve Vice Chairman Donald Kohn said on Wednesday shakiness in the economy and the financial system are likely to continue for an extended period and that regulation, not rate rises, were

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Fed to Aid Money-Market Funds - 4 Hours ago

THIS WEEK Fund Rescue: The Federal Reserve's plan to aid money-market funds by financing purchases of

GMAC Files Application With Federal Reserve to Become Bank Holding Company - 5 Hours ago

Outstanding GMAC Old Notes Eligible for the GMAC Offers Consideration per 1,000 U.S. Dollar Equivalent Principal Amount of Old Notes Validly Tendered and Not Withdrawn Prior to the Early Delivery Time

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To build dollar reserves, India looks at deal with US Fed, European Bank - 6 Hours ago

In what will put overwhelming dollar power in India's hands, the government is considering, for the first time, a currency swap arrangement with the United States Federal Reserve Bank or the European

Fed's Evans says economic weakness will be 'protracted' - 11 Hours ago

WASHINGTON (MarketWatch) -- The U.S. economic weakness could last for most of 2009, said Charles Evans, the president of the Chicago Federal Reserve Bank on Friday. 'We are likely in for a protracted