Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Bernanke Fed will exit markets when ready
WASHINGTON (3/26/10)--Speaking before the House Financial Services Committee on Thursday, Federal Reserve Chairman Ben Bernanke said that while “the economy continues to require the support of accommodative monetary policies,” the Fed has been working to ensure that it has “the tools to reverse, at the appropriate time, the currently very high degree of monetary stimulus.” “We have full confidence that, when the time comes, we will be ready to do so,” he added. The Fed has terminated or is phasing out many of the “special lending facilities” that were established to “stabilize the financial system and encourage the resumption of private credit flows to American families and businesses” in the wake of the recent financial market destabilization. The closure of the Feds “emergency lending facilities” and many “adjustments to the terms of discount window loans” are in response to “the improving conditions in financial markets,” Bernanke said, and “they are not expected to lead to tighter financial conditions for households and businesses and hence do not constitute a tightening of monetary policy, nor should they be interpreted as signaling any change in the outlook for monetary policy.” However, Bernanke added, the Fed will “tighten” some “monetary conditions to prevent the development of inflationary pressures.” For Bernanke’s full testimony, use the resource link.
Other Resources

RSS





print
News Now LiveWire
Record # of applicants for Crash the GAC means every state & D.C. will B represented by young #CU professional at #CUNAGAC #crashthegac15
12 hours ago
.@WOCCU and @CUNA are co-hosting 2015 America’s CU Conference July 12-15 in Denver. Registration is open here: http://t.co/FanFeaO0bC
13 hours ago
Recording of @CUNA Jan. 26 #rbc2 webinar is now available online here: http://t.co/jgxkd65Fj0 Just sign in and listen.
13 hours ago
.@SEC_News 2/19 proxy voting roundtable: contested director elections, increasing retail shareholder participation http://t.co/8k0p6ZvNL8
13 hours ago
.@TheNCUA posted resources 2 help consumers protect themselves,take action if they believe they were ID theft victims:http://t.co/HVaikbuT9H
15 hours ago