Dusting off Depression-era emergency powers, the Federal Reserve is extending its reach over the economy as never before, pushing the limits of its authority, if not exceeding...
US stocks opened sharply lower today despite co-ordinated rate cuts from the Federal Reserve and five central banks in the latest bid to unblock a credit freeze that has markets in a tailspin.
The Dow Jones Industrial Average plunged 149.34 points...
The most pressing problem for American companies and cities is the unwillingness of financial institutions to make short-term loans. Banks are reluctant to lend to other banks, as shown by the huge spread between the interest rate on interbank...
We’re now well into the third week of extremely disordered
conditions in global capital markets, with no end in sight. The
world’s stock markets have started to respond to the prospect that
a long period of capital-unavailability will...
This is a good thing to do. But does the Fed have enough resources to do it well?
Edmund Andrews and Michael Grynbaum: The Fed said in a statement that it would begin to buy large amounts of short-term debt in an effort to stimulate the credit...
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1 month ago from philly.com