Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Archive for 25. August 2009

Obama to Nominate Bernanke to 2nd Term at Fed

Posted by hkarner - 25. August 2009

aus der heutigen NYT:

WASHINGTON — President Obama on Tuesday will nominate Ben S. Bernanke to a second term as chairman of the Federal Reserve, administration officials said.

The announcement is a major victory for Mr. Bernanke, a Republican who was appointed by President George W. Bush almost four years ago and who had briefly served as chairman of Mr. Bush’s Council of Economic Advisers.

A top White House official said Mr. Obama had decided to keep Mr. Bernanke at the helm of the Fed because he had been bold and brilliant in his attempts to combat the financial crisis and the deep recession. Den Rest des Beitrags lesen »

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Hungary Monetary Policy: Central Bank Cuts Key Rate to 8.0% in August

Posted by hkarner - 25. August 2009

  • Hungary’s central bank (MNB) cut its benchmark interest rate by 0.5% to 8.0% in August 2009 amid slowing inflation. This was the second straight cut after the MNB slashed the key rate by 1.0% in July and gave Hungary the EU’s second-highest rate behind Romania. The July and August rate cuts were spurred by an improvement in investor sentiment.

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Between a Rock and a Hard Place

Posted by hkarner - 25. August 2009

There is the strong possibility that policy makers in the US and UK will not time the transition from the current quantitative easing to a more tightened monetary policy. That is not because they are no competent. It is because the task is very tricky and there is no play book outlining the steps.

From J. Mauldin’s Newsletter:

“Prematurely exiting from an accommodative policy setting, derailed the recovery in the late 1930s and led to another leg of the depression. Den Rest des Beitrags lesen »

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