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THE ECONOMY.(TO THE POINT)
Mortgage rates continue to rise
The average rate on a 30-year mortgage rose to 6.23% this week vs. 6.12% in the week prior while 15-year rates rose to 5.81% vs. 5.70% following Tuesday's decision by the Fed to hike overnight rates a quarter-point to 4.5%. Freddie Mac said rates are expected to go higher in the long run.
Fed's Bies warns on mortgages
Fed Gov. Susan Bies said regulators are concerned about heavy commercial real estate exposures and risky mortgage lending at U.S. banks. She said banks stretching lending standards could see risks "heightened by a downturn in the housing market." She said interest-only loans and other products normally offered only to higher-income borrowers have trickled down to the subprime market.
** Tim Adams, Treasury undersecretary, called on the IMF to be more critical of exchange rate policies, a statement aimed at China where foreign pressure to revalue its yuan is mounting.
** Online job ads rose in Jan., Monster said. Its employment index climbed to 151 from 145 in Dec., slightly ...
- FED BANK PRESIDENT TO SPEAK AT LUNCHEON.(BUSINESS)
- Newspaper article from: Albany Times Union (Albany, NY) June 14, 1996 700+ words
...ALBANY -- New York Federal Reserve Bank President William J. McDonough is slated...McDonough is vice chairman of the Fed's interest rate-setting Open...of few visits by a regional Fed bank president. McDonough's talk will focus...
- World Bank president warns against giving more powers to the Fed.
- Magazine article from: Global Banking News (GBN) September 29, 2009 700+ words
...29 September 2009-World Bank president warns against giving more powers to the Fed(C)2009 ENPublishing - http...granting more powers to the Fed, Zoellick said that the future...hesitating about authorizing the Fed to supervise systemic banking...
- Fed Bank president encourages communities to promote entrepreneurship.
- Newspaper article from: Commercial Appeal (Memphis, TN) April 20, 2005 700+ words
...Memphis Marriott Downtown -- to which St. Louis Fed officials invited financiers, economic development...economy," said Glenda Wilson, the St. Louis Fed's vice president for community affairs. "From the Fed's perspective, we're trying to foster...
- Berkeley, Calif., Professor Becomes Federal Reserve Bank President.
- Newspaper article from: Contra Costa Times (Walnut Creek, California) (via Knight-Ridder/Tribune Business News) April 13, 2004 700+ words
...Parry, the second-longest serving Fed bank president who is retiring after 18 years at...of directors and approved by the Fed's board of governors in Washington...interest rates. Greenspan, the Fed governors and the 12 regional bank...
- World Bank president warns of fading U.S. clout; World Bank chief warns of...
- Newspaper article from: International Herald Tribune EDMUND L ANDREWS September 30, 2009 700+ words
...09-30-2009 World Bank president warns of fading U.S...currency," the World Bank president, Robert B. Zoellick...become uneasy about the Fed's exercise of emergency...Treasury rather than the Fed should get more power...
- New York Federal Reserve Bank president to testify before Senate Banking...
- Press release article from: PR Newswire May 3, 1990 700+ words
...DESKS: NEW YORK FEDERAL RESERVE BANK PRESIDENT TO TESTIFY BEFORE SENATE BANKING COMMITTEE New York Federal Reserve Bank President E. Gerald Corrigan is testifying...statement is available at the New York Fed's Public Information Department...
- NEW YORK FEDERAL RESERVE BANK PRESIDENT REMARKS AVAILABLE
- Press release article from: PR Newswire May 7, 1992 700+ words
NEW YORK FEDERAL RESERVE BANK PRESIDENT REMARKS AVAILABLE New York Federal Reserve Bank President E. Gerald Corrigan is speaking today at a conference...Y. CONTACT: Bart Sotnick at the New York Fed, 212-720-6143. -0- 5/7/92 CO: New...
- New York Federal Reserve Bank president to speak at the New York State Bankers...
- Press release article from: PR Newswire January 24, 1990 700+ words
...ASSIGNMENT DESKS: NEW YORK FEDERAL RESERVE BANK PRESIDENT TO SPEAK AT THE NEW YORK STATE BANKERS...Information Department of the New York Fed, 13th floor, 33 Liberty Street. Copies...212-720-6143, both of the New York Fed/ CO: Federal Reserve Bank of New York...