Nov 11 Watch Help for Burdened Mortgage Borrowers Offers Costs and Benefits U.S. homeowners have been among the hardest-hit by the global economic meltdown. In the first of a series, analysts discuss the benefits and flaws of governmental and lender recovery plans, including Citibank's offer to modify loan terms for those falling… Continue watching
Nov 07 What is the reasoning behind having the Fed, rather than the market, set short term interest rates? Question/Comment: Dear Mr. Solman: I’m hoping you will answer my question as to the reasoning behind or justification for having a committee (i.e., the Federal Reserve) setting the price of money, i.e., interest rate. It is generally accepted that it… Continue reading
Oct 29 Watch Fed Makes Aggressive Rate Cut in Bid to Loosen Credit Markets In a new move to stem the impact of the financial crisis, the Federal Reserve cut the federal funds rate by half a percentage point to 1 percent Wednesday. Krishna Guha, chief U.S. economics correspondent for the Financial Times, discusses… Continue watching
Oct 28 Watch Global Markets Soar on Likely Fed Interest Rate Cut After a steady slump in world trading, global markets surged Tuesday after expectations of a likely Federal Reserve interest rate cut and the Treasury's move to inject capital boosted investors' confidence. A Business Week editor probes the reasons behind the… Continue watching
Oct 27 Watch New Measures May Help Homeowners Facing Foreclosure As the economic crisis continues to reverberate around the nation, troubles in the housing sector remain key to the upheaval -- and many homeowners are facing foreclosure in the interim. Economics experts debate various measures being considered to help homeowners… Continue watching
Oct 21 Watch Attempts to Ease Credit Crunch Reveal Mixed Results Several plans have been enacted in recent weeks to loosen the flow of credit and ease the financial crisis. An expert panel evaluates the efforts and the state of the credit sector. Continue watching
Oct 08 Watch Mounting Economic Anxieties Ripple Across the Globe Central banks around the world cut interest rates Wednesday in a joint effort to ease credit and spur growth, but a weak market response signaled the move failed to abet fears. Continue watching
Oct 08 Fed, European Banks Coordinate Interest Rate Cut By PBS News Hour Facing worries of a global recession, the Federal Reserve and six other major central banks from around the world announced a coordinated half a percentage point interest rates cut on Wednesday. Continue reading
Oct 07 Watch Weak Collective Action Threatens Global Credit Crisis The U.S. financial meltdown has become a globalized crisis, spreading to Europe and emerging markets. The managing director of the International Monetary Fund explains the importance of restoring confidence among banks and consumers, coordinating efforts among countries and the IMF's… Continue watching
Sep 16 Fed Rejects Rate Cut, Global Markets Retreat amid Wall Street Turmoil By Admin, PBS News Hour The Federal Reserve Tuesday announced it will not lower a key interest rate below 2 percent despite Wall Street's major troubles and a drop in global markets. Continue reading