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San Francisco Federal Reserve President Janet Yellen said the Fed could lower rates below 1%, and that they could reach as low as zero amid a weak economy. Speaking at an event hosted by the University of California at Berkley and UCLA, Yellen said that loan rates would be substantially higher without...
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The release of U.S. jobless claims and comments from Fed's Yellen (non-voter) will top the North American data releases. Markets will also be paying attention to comments from European Central Bank President Trichet in the afternoon. At 8:30 a.m. EDT, the U.S. Department of Labor will release initial...
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Federal Reserve Bank of San Francisco President Janet Yellen said Monday market conditions "could get worse before they get better", but that she expects market functioning to "improve markedly" by 2009 . Speaking at the University of California in San Diego, Yellen said inflation risks have "definitely...
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San Francisco Fed President Janet Yellen (non-voter) said rates are "appropriate" for encouraging growth and that the real Fed funds rate is near zero. Speaking to the Financial Planning Association of Northern California, Yellen said low interest rates and the fiscal stimulus should help to spur growth...
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U.S. economic growth is likely to be sluggish in 2008, dragged down by an ailing housing sector that is not likely to recover in the near future, said head of the San Francisco Fed Janet Yellen (non-voter) on Thursday evening. However, the Fed will continue to act in a "firm and timely manner" to address...