Fed’s Hoenig: Fed Response To Crisis Has Been Correct – NASDAQ

;s Hoenig: Fed Response To Crisis Has Been Correct Michael S. Derby, Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Federal Reserve Bank of Kansas City President Thomas Hoenig said Monday the central bank’s response to the bfinancial crisis, while needed, has created its own set of problems that needs Hoenig: Some Evidence Economy No Longer Worsening Lacker Predicts Slow Economic Expansion By Year End

Financial innovation shouldn’t be banned, Bernanke says

WASHINGTON (MarketWatch) – Financial innovation has created products so complex that they are positively harmful to consumers and to the economy, but the answer isn’t to flatly prohibit new services, Federal Reserve Chairman Ben Bernanke said Friday. Financial innovation has improved access to credit, reduced costs, and increased choice, he said. But the recent experience has shown that new products can misfire. Bernanke said that regulation should not prevent innovation, rather it should ensure that innovations are sufficiently transparent and understandable to allow consumer choice to drive good market outcomes. Bernanke made no comments about the current economic outlook in his remarks.

Responding to Economic Challenges, the American Bible Society Offers – ChristianNewsWire
April 10-15 Giveaway Encourages Americans to Look Beyond the Economy to the Timeless Story of Easter Which Offers Hope to All Contact: Autumn Black, American Bible Society , 212-408-1215, [email protected] ; Amy Anderson, 770-813-0000

Top Obama Advisor Sees Economy Settling Soon, But Signs Of Strain – RTT News
(RTTNews) – One of President Barack Obama’s top economic advisors said Thursday that the sense of “free fall” in the economy will likely come to an end soon, though there are still signs of weakness. Speaking at the Economic Club in Washington, DC

THE FED: What it said in its closed-door meeting, what its decisions – Medford Mail Tribune
WASHINGTON — The minutes from the Federal Reserve’s closed-door meetings can offer important clues about where the economy stands — and what the Fed might want to do to make it better. The Fed minutes said that gross domestic product was

Federal Reserve considers new, expanded economic programs – Nashville Tennessean
WASHINGTON — As they prepare to open a two-day meeting Tuesday, Federal Reserve policymakers are weighing whether to launch new programs or expand existing ones to spur lending, get Americans spending again and lift the country out of recession

Singapore’s Economy Forecast To Contract 4.9% In 2009 – Central Bank – RTT News
(RTTNews) – Monday, results of the latest professional forecasters survey conducted by the Monetary Authority of Singapore revealed that the economy is expected contract 4.9% this year, quicker than a 1% contraction forecast in December 2008 survey

Obama, Bernanke: Economy’s sound, recession nearing end – Newsday
WASHINGTON – Federal Reserve chairman Ben Bernanke said yesterday that the U.S. recession “probably” will end this year if the government succeeds in bolstering the banking system. His comments, made on CBS’ ” 60 Minutes ,” came the same day the