Fox Lake Towing and Recovery

Economists say the Obama administration's stimulus program actually saved the country's economy from plunging into the Great Depression 2.0. Yet that news will likely fail to sway voters who believe the current administration didn't do enough to support the economy.

Continue reading The Stimulus May Have Saved the Economy, but It Won't Matter in November

The Stimulus May Have Saved the Economy, but It Won't Matter in November originally appeared on DailyFinance on Wed, 01 Sep 2010 07:00:00.

Filed Under: Economy, People, Goldman Sachs

The Federal Reserve Board on Tuesday cleared the way for China Investment Corp., the sovereign wealth fund of the Chinese government, to acquire up to 10% of the voting shares of Morgan Stanley.

Continue reading Federal Reserve Board: China Can Own Up to 10% of Morgan Stanley

Federal Reserve Board: China Can Own Up to 10% of Morgan Stanley originally appeared on DailyFinance on Tue, 31 Aug 2010 19:30:00.

Filed Under: Company News, Economy, Investing, Morgan Stanley

At its August meeting, the Fed agreed to maintain the current monetary policy, but the decision was hardly universal. Some members said the recovery was on track and expressed concern that the decision to reinvest Treasury proceeds would send the wrong signal.

Continue reading Fed Minutes Confirm Intense Debate Over Recovery

Fed Minutes Confirm Intense Debate Over Recovery originally appeared on DailyFinance on Tue, 31 Aug 2010 15:00:00.

Filed Under: Economy

Donald Kohn, the vice chairman of the Federal Reserve who has worked at the institution for 40 years, will become a senior fellow at the Brookings Institution when he leaves the Fed next week.

Kohn, 67, advised Fed Chairman Ben Bernanke throughout the financial crisis, and also served as a key adviser to former chairman Alan Greenspan. He first entered central banking as a researcher at the...

Continue reading Federal Reserve's Donald Kohn to Join Brookings Institution

Federal Reserve's Donald Kohn to Join Brookings Institution originally appeared on DailyFinance on Mon, 30 Aug 2010 07:12:00.

Filed Under: Economy, People, Credit, Currency

Speaking at the Federal Reserve's annual symposium in Wyoming, chairman Ben Bernanke said the U.S. central bank is prepared to undertake another round of extraordinary measures should the prognosis for the economy get worse.

Continue reading Bernanke: The Fed Won't Let the Economy Falter

Bernanke: The Fed Won't Let the Economy Falter originally appeared on DailyFinance on Fri, 27 Aug 2010 12:00:00.

Filed Under: Economy, People, Investing