Financial Regulatory Forum

BREAKINGVIEWS – Markets right to take Fed move badly

February 19, 2010

— The author is a Reuters Breakingviews columnist. The opinions expressed are his own —

Obama stimulus plan halted economic freefall – White House report

February 17, 2010

WASHINGTON, Feb 16 (Reuters) – U.S. President Barack Obama’s $787 billion stimulus prevented another Great Depression while creating or preserving 2 million jobs, according to a White House report to be released on Wednesday.

BoE’s King says far too soon to say easing program is finished

February 10, 2010
Options open

Options open

By Sumeet Desai and Matt Falloon

LONDON, Feb 10 (Reuters) – The Bank of England may have to pump more money into Britain’s fragile economy, Governor Mervyn King said on Wednesday after the central bank forecast inflation would stand well below target in two years.

Bernanke lays out vision for Fed monetary exit

February 10, 2010
Eyes on the punch bowl

Eyes on the punch bowl

By Mark Felsenthal

WASHINGTON, Feb 10 (Reuters) – Federal Reserve Chairman Ben Bernanke on Wednesday detailed how the U.S. central bank will begin to wean the economy off its extraordinary stimulus, even as he stressed it was not yet time to do so.

Bank of England halts quantitative easing, leaves door open for more

February 4, 2010

LONDON, Feb 4 (Reuters) – The Bank of England announced on Thursday no increase to its unprecedented 200 billion pound asset-buying programme, but left the door open to more so-called quantitative easing if economic conditions deteriorated.

Build America Bonds expansion needed-Geithner

February 2, 2010

WASHINGTON, Feb 2 (Reuters) – U.S. Treasury Secretary Timothy Geithner told a Senate panel on Tuesday that expanding the popular stimulus program known as “Build America Bonds” would help state and local governments at no cost to the federal government.

Countries need timely exit from bank support – ECB’s Bini Smaghi

January 29, 2010

MILAN, Jan 29 (Reuters) – The support measures put in place by governments and central banks to help the banking system are becoming less necessary and their withdrawal must be timely, a top European Central Bank policymaker said on Friday.

Obama pushes plans for more job creation

December 8, 2009

By Alister Bull and Patricia Zengerle

WASHINGTON, Dec 8 (Reuters) – President Barack Obama on Tuesday offered modest steps to spur jobs and defended his push to get the U.S. economy growing, amid deep public dismay over double-digit unemployment that has eroded his popularity.

Japan unveils $81 billion economic stimulus

December 8, 2009

A worker walks at staircases as he prepares to carry containers loading onto a cargo ship at a pier in Tokyo December 8, 2009. Japan's government agreed on a 7.2 trillion yen ($81 billion) stimulus package on Tuesday, aiming to prevent the economy from tipping back into recession as deflation persists and a strong yen threatens exports. REUTERS/Issei Kato (JAPAN BUSINESS POLITICS EMPLOYMENT)  By Tetsushi Kajimoto

TOKYO, Dec 8 (Reuters) – Japan’s government agreed on a $81 billion stimulus package on Tuesday, aimed at preventing the economy from tipping back into recession as deflation persists and a strong yen threatens exports.

Darling says will not harm UK’s financial sector

December 7, 2009

 A man looks out over Hampstead Heath, with the City of London in the background October 29, 2009.   By Matt Falloon and Steve Slater

HORSHAM, England, Dec 7 (Reuters) – The British government will not do anything to hurt London’s financial prowess and would rather go too far with economic support measures than not go far enough, Finance Minister Alistair Darling said on Monday.