Dec 06 Watch Paulson: No ‘Silver Bullet’ in Bid to Ease Mortgage Crisis As home foreclosures reached a record high Thursday, President Bush announced a deal with mortgage lenders to freeze interest rates on some subprime mortgages due to move sharply higher soon. Treasury Secretary Henry Paulson discusses the details of the proposal. Continue watching
Nov 28 There seem to be different rates that the Fed raises or lowers. What are they? Question/Comment: Last month, the stock market dived about 380 points in one day, then recovered the same day. That same day, the Fed lowered its rate .5 percent. Now I just heard it's lowering its rate for the first time… Continue reading
Nov 28 Why all the focus on just Fed policy? I’m with Alan Greenspan on also looking at our fiscal policy. By Business Desk Question/Comment: Why all the focus on just Fed policy? I'm with Alan Greenspan on also looking at our fiscal policy. Just lowering interest rates without raising revenues could just lead to more inflation. Thank you. Paul Solman: What Robert is… Continue reading
Nov 28 I’d like to know more about Fed — and how it is neither a federal agency, nor does it have any reserves. Question/Comment: I've seen now several of your segments on the Federal Reserve and I encourage you, on your next segment, to go deeper. There is much information available regarding the Fed and how it is neither a federal agency, nor… Continue reading
Nov 28 When can we expect to break even, or at least recover some of the value that we lost due to the declining real-estate market? Question/Comment: Everyone mentions all of those unfortunate people who are defaulting on their home loans due to the sluggish economy. Nobody mentions, however, the many hardworking Americans who saved and struggled to buy their dream homes and they are now… Continue reading
Oct 24 President Bush Nominates New Fed Chairman By PBS News Hour President Bush on Monday selected Ben Bernanke, chairman of the president's Council of Economic Advisers, to replace Alan Greenspan at the head of the Federal Reserve. Continue reading
Nov 06 Fed Cuts Key Interest Rate In a bid to help jump-start the U.S. economy, the Federal Open Market Committee Wednesday unanimously decided on a half-point cut in the federal funds rate. Continue reading
Mar 19 Fed Leaves Interest Rates Unchanged The Federal Reserve decided Tuesday it would not raise interest rates, but cautioned Americans that short-term rates will go higher this year as the country rebounds from recession. Continue reading