Former Fed Chairman Paul Volcker warns that more quantitative easing by the Federal Reserve will stoke inflation. “When money is too easy for too long, we will have more” asset bubbles, the 83-year-old Volcker said.
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The Federal Deposit Insurance Corp sued 11 former executives and directors of a failed bank as it works to recover as much as $2 billion suffered by one of its funds during the financial crisis.
The FDIC filed the lawsuit in the U.S. District Court of…
Australia raised interest rates in a bid to control inflation amid an export boom.
The country’s Reserve Bank raised rates to 4.75 % from 4.5%, surprising most analysts, The Associated Press reported.
Booming demand for Australian minerals from Asian countries including China and South Korea has stoked Australian inflation.
“The risk of inflation rising again over the medium term…
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Australia Raises Interest Rates to Control Inflation originally appeared on DailyFinance on Tue, 02 Nov 2010 06:36:00.
Dieters looking for a little extra willpower to avoid putting junk food in their grocery carts might want to leave their credit cards at home. New research shows that buying groceries with plastic instead of good old-fashioned …
A key index that measures small business lending rose 16% in September, its second consecutive month of double-digit increases. That rise in the Thomson Reuters/PayNet Small Business Lending Index is a strong signal that the U…