Speaking at the 10th Anniversary of Luxembourg's Central Bank in Luxembourg, U.S. Vice-Chairman Donald Kohn (voter) said that although financial markets remain impaired, albeit improved, the main challenge will be restoring economic growth. "Although we have seen signs of improvement, financial...
The Federal Reserve announced last night that it had set up currency swap agreements with the Danish, Australian, Norwegian and Swedish central banks, worth up to $30 billion. "These facilities, like those already in place with other central banks, are designed to improve liquidity conditions in...