After initially voting for the QE2 plan, Federal Reserve Governor Kevin Warsh said in a speech Monday that the government’s decision to buy $600 million worth of bonds to spur the economy is a bad idea.
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Goldman Sachs (GS) economists defended Federal Reserve Chairman Ben Bernanke’s decision to pump billions of dollars into the economy, saying the move will boost economic growth.
The Fed’s plan to buy $600 billion of assets will improve growth and red…
Stocks closed essentially unchanged Friday as mixed economic news and earnings data failed to distract traders from next week’s mid-term elections and Federal Reserve policy statement.
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The Fed’s latest Beige Book report confirms what earlier economic data has indicated. Eight of the 12 regional Fed banks, including San Francisco and Chicago, reported some form of growth in the September/October period. But no…
Stocks closed mixed Friday as Google’s strong earnings lifted tech stocks but mounting concern over the foreclosure crisis and a revenue miss from GE weighed on financials and the broader market.
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