Financial Regulatory Forum

World Bank’s Zoellick says wary of more Fed power, sees more “options” to dollar

World Bank President Robert Zoellick addresses the media during a news conference at the Second Meeting of Finance Ministers of the Americas and the Caribbean at Vina del Mar July 3, 2009. REUTERS/Ivan Alvarado (CHILE BUSINESS) By Alister Bull
WASHINGTON, Sept 28 (Reuters) – The head of the World Bank on Monday sounded a cautionary note about granting greater regulatory power to the U.S. Federal Reserve and said the dollar’s future will “depend heavily on U.S. choices.”

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World policymakers urge banks to lend, express concern

                World Bank President Robert Zoellick                         By Laura Macinnia and Patricia Zengerle
  (GENEVA/SHINGTON, July 6 (Reuters) – World economic leaders called on commercial banks on Monday to step up lending to revive an economy pitched into recession by failure of the global financial system.  The World Bank, in a letter to Group of Eight nations due to meet this week, said interventions by central banks and governments appeared to have “broken the fall in the global economy,” but 2009 remained a dangerous year. 

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