In 2008 and 2009, the Federal Reserve joined with the Administration and Congress to take bold and pervasive steps, some might even argue outside their boundaries, to successfully stabilize a teetering global economy.
FORBES: Maintaining America's Prosperity Requires A Single Fed Mandate
The administration and the federal reserve had better act soon to shore up the U.S. dollar.
Alan Blinder, a former Clinton administration economist and Federal Reserve vice chairman, had a cheekier take.
The Clinton Administration and the Federal Reserve continue their mild deflation of credit.
About the policy response from the Obama administration and the Federal Reserve, Huether notes that the stimulus package produced a beneficial uptick in demand, but its temporary impact has limited the proper distribution of profits that resulted.
The government also decided in the late 1980s to increase the organic capability maintained by the Department of Transportation's Maritime Administration -- the Ready Reserve Force (RRF).
When judged in the context of what was inherited, did the actions of the Obama administration (and the Federal Reserve) prevent the Great Recession from becoming the Great Depression II?
Rather, under discussion are changes to the bankruptcy laws, the rules that govern the Federal Housing Administration or action by the Federal Reserve.
But when it comes to homeowners, it's important to understand that there are actions the Federal Reserve can take, and actions that the administration and Congress would have to handle.
Cooley is Dean of the NYU Stern School of Business, which delivered its swift response to the financial turmoil, a collection of 18 papers examining different aspects of the phenomenon, to 100 leading U.S. policymakers, including inside the Obama administration, Congress, the Federal Reserve and financial regulators, bringing an appreciative response.
Morgan Chase acted at the strong request of the Federal Reserve and the Secretary of the Treasury during the Bush administration.
When combined with Federal Housing Administration guarantees and easy money from the Federal Reserve, mortgage lenders were induced to lower their standards in a moral surrender that spread beyond the subprime market.
There are reports that the administration is considering releasing oil from the Strategic Petroleum Reserve.
In this spirit, two of the proposals the Administration put forward as part of our health care reserve fund involved better incentives for reducing hospital readmissions.
And news leaked out Friday that Tim Geithner, who is the president of the New York Federal Reserve, will be the first official member of the incoming administration's Cabinet.
In the event of sabotage, acts of God, computer virus or other events or causes beyond the Sponsors' control, which corrupt the integrity, administration, security or proper operation of the Sweepstakes, Sponsors reserve the right, in their sole discretion, to modify, cancel or suspend the Sweepstakes.
DeLauro also hinted that the administration might consider releasing product from the 571-million barrel Strategic Petroleum Reserve, a suggestion the White House is certain to refuse outright.
In a December 6, 2007 letter to the Committee, we explained that the Department of Homeland Security, with the support of the General Services Administration, has already established a contingency contracting corps to provide a ready reserve of contracting officials for emergency situations.
That's smart timing for the administration: The presidential election season officially kicks off in a month, and Federal Reserve Chairman Ben Bernanke just a few weeks ago predicted slower growth for the economy and slightly higher unemployment, mainly due to the housing sector's downturn.
The president, who said he first learned about the alleged abuses Friday, added that he wanted to reserve judgment on the matter until after release of an investigation by the Treasury Inspector General for Tax Administration.
The Clinton administration began taking bids this week from energy companies to fill a 2 million barrel heating oil reserve planned for the Northeast.
Together with Administration's Financial Stability Plan, its actions to aid distressed homeowners, and actions by the Federal Reserve and other regulators, the Recovery Act is generating one of the sharpest economic turnarounds since World War II.
应用推荐