#Ukraine accepts resignation of central bank governor Sorkin
Feb 21 (Reuters) – Federal Reserve policymakers, in an
emotional meeting on one of the darkest days of the 2008
financial crisis, were worried the failure of Lehman Brothers a
day earlier would wreak havoc on a teetering financial system
but feared cutting already low interest rates might prove an
Transcripts of the U.S. central bank’s meeting on Sept. 16
of that year, released on Friday, showed then Fed Chairman Ben
Bernanke flatly telling his colleagues he was philosophically
torn about the collapse of the investment bank.
Fed releases (juicy) transcripts from its 2008 crisis-era policy meetings…
NEW YORK (Reuters) – A debate is growing louder within the Federal Reserve over whether it should stand ready to raise interest rates to prick any risky asset bubbles that its regulatory tools might fail to address.
The 2007-2009 financial crisis left many wondering whether the U.S. central bank should have more boldly tightened policy in the preceding years to head off the explosion of risky mortgage debt on Wall Street.
NEW YORK, Feb 19 (Reuters) – The U.S. Federal Reserve should
update its longer-term “exit strategy” for winding down its
swollen balance sheet to reflect changes in the plan since it
was published in 2011, a top Fed policymaker said on Wednesday.
“It would be good to update this,” San Francisco Fed
President John Williams told reporters when asked about
refreshing the strategy. “When the world changes, we have
changed our plan in an appropriate way.”