central bank
Bernanke: U.S. Fed ready to cut interest rates again as needed
Submitted by MichaelVail on Thu, 01/10/2008 - 6:36pm.
U.S. Federal Reserve Chairman Ben Bernanke said here Thursday the central bank was ready to cut interest rates again as needed to prevent the housing slump and the credit crunch from dragging the economy into a recession.
US Fed pumps $47.25 billion into financial system
Submitted by MichaelVail on Fri, 11/16/2007 - 8:04pm.
The US Federal Reserve said Thursday that it had pumped $47.25 billion into the nation’s financial system to help ease tight liquidity.
Feds Pump Money Into Central Banks to Prevent Market Collapse
Submitted by MichaelVail on Sat, 08/11/2007 - 1:20am.
NEW YORK -- The U.S. Federal Reserve Friday provided the largest amount of liquidity for a single market operation in four years, adding ample funds for the second day running as markets fretted over credit conditions.
Bank of Canada Governor David Dodge Says North American Union And Single Currency 'Possible'
Submitted by MichaelVail on Tue, 05/22/2007 - 12:03pm.
WASHINGTON — Bank of Canada Governor David Dodge says North America could one day embrace a euro-style single currency.
But to get there, Canada, the United States and Mexico must first tear down barriers to the free flow of labour, which he pointed out Monday have “gotten a bit thicker” in recent years.
Answering questions from the audience after a speech in Chicago, Mr. Dodge said a single currency was “possible.”
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