When Bernanke Speaks... Wall Street Listens
Tuesday, October 07, 2008
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Investor jitters overshadowed several Fed developments, including a plan to buy commercial paper and hints an interest rate cut could be in the works. Washington bureau chief Darren Gersh has the details.
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Related NBR Stories & Links
- 10-06-08: Roger Ferguson, Former Fed Vice Chairman Analyzes the Credit Crunch
- 10-02-08: Commercial Paper Market Crumbles
- 09-23-08: Bernanke & Paulson Take To The Hill
- 07-08-08: Fed Chairman Ben Bernanke's Push for More Federal Reserve Power
- 04-30-08: The Federal Reserve Makes The 7th Interest Rate Cut
External Links/Articles*
- Association for Financial
Professionals (AFP)
The AFP "serves more than 16,000 individual members in corporate treasury and financial management." This links to a September 30th article titled: Main Street at Risk from Frozen Credit Markets. Also, Managing Director, Jeff Glenzer comments on the Fed's new plan to buy commercial paper in Darren Gersh's report. - About
Commercial Paper
This page is maintained by the U.S. Federal Reserve. It offers an description of commerical paper as well as a discussion of how commercial paper rates are calculated. - Commercial
Paper Rates and Outstandings
This page is maintained by the U.S. Federal Reserve. It presents commercial paper discount rates, yield curve, rate spread, rate history, and more. - Federal
Reserve
The Federal Reserve is the central bank of the United States. This links to a October 7, 2008 release issued by the Fed as the Board announces creation of the Commercial Paper Funding Facility (CPFF) to help provide liquidity to term funding markets.
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