"The Treasury believes this facility is necessary to prevent substantial disruptions to the financial markets and the economy, " the Fed said Tuesday.
With less than a month to go until the election, it's concerns about the financial markets and the economy that dominate the airwaves at the town's radio station.
If we had a truly independent Federal Reserve (one that was not willing to buy all the excess government debt) these larger deficits would make much more of an immediate and discernable impact on the financial markets and the economy.
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This crashed both the financial markets and the real economy.
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The International Capital Market Association, a lobby group, has warned that the tax would cause the short-term repo market in Europe to contract by at least two-thirds, with serious consequences for other financial markets and the real economy.
And today, as you know, I believe, the G7 ministers and governors reviewed developments in the global economy and financial markets, and the policy response currently under consideration, including progress towards financial and fiscal union in Europe.
These conditions include disorderly price action on Wednesday, a large overall yen move within a week, and a need to stabilize the Japanese economy and financial markets in the face of a significant and extraordinary exogenous shock.
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Several times in the first half of 2008, it looked like the Federal Reserve and the Treasury just might be able to pull the U.S. economy and financial markets out of the enveloping funk that began to gather in earnest about one year ago as stocks topped out.
At this juncture, however, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained.
We will never know whether Labour's plans after 2010 were "feasible", in the IMF's sense - or would have spooked the financial markets so much that the economy and the public finances would be even weaker than they are now.
While deficit reduction would be, in general, beneficial over the long term, the sudden impact of the tax increases and reduced governmental spending could shock our economy and the financial markets.
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Stabilizing the value of the dollar would stabilize the economy and the financial markets, and, as a byproduct, dampen the volatility of all commodity markets, including oil.
Jim Anderson, CFA, is a serial entrepreneur who writes commentary and speaks frequently on the economy, financial markets and technology companies.
But clearly at the top of the agenda is how the EU can restore confidence in financial markets and get banks lending, and the economy moving, again.
The markets would have settled the financial crisis, and the economy would be on the road to recovery.
There are substantial lags between changes in monetary policy, their effects on the financial markets, and their even later impact on the real economy.
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In February, 2008 in the early stage of the 2008-2009 recession, we saw Fed Chairman Bernanke and then Treasury Secretary Paulson in televised Congressional hearings on the economy and financial markets.
"Never has it been more essential to find collective solutions to ensure stable and efficient financial markets and restore the health of the world economy, " U.S. Treasury Secretary Henry Paulson said in remarks following the meeting with his counterparts.
Yet although Italian bondholders took a hit from the subsequent default and Italy's economy was soon overtaken by Spain's, financial markets proved forgiving, and the government of Walter Veltroni managed to rejoin the euro fairly quickly.
The spokesperson added that with stagnant growth in the UK economy, and the crisis in international financial markets, the First Minister would chair a meeting of the Council for Economic Renewal next week.
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In part as the result of the developments in financial markets, the outlook for the economy has worsened in recent months, and the downside risks to growth have increased.
Then, as the markets fell and the global economy began to slow, financial problems began to emerge.
Participants will forecast how the economy and financial markets and other relevant measures and indicators will do in 2001.
To us the choices are clear, common-sense rules and regulations in financial markets that protect consumers, taxpayers, and I might add, the overall economy.
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Unfortunately, the real economy is still quite a long way behind the financial markets, and the IMF doesn't seem to think it will catch up any time soon.
What one might have hoped for from Mr Soros was a simple narrative describing the pickle that the world economy has got itself into, the role played by financial markets and practitioners such as himself, and, above all, some concrete and coherent suggestions about what should be done.
Lessons for the global economy and financial markets are mixed.
However, other factors, including a broader retrenchment in the willingness of investors to bear risk, difficulties in valuing complex or illiquid financial products, uncertainties about the exposures of major financial institutions to credit losses, and concerns about the weaker outlook for the economy, have also roiled the financial markets in recent months.
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