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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...
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Federal Reserve Vice-Chairman Donald Kohn (voter) said it's not yet clear if house prices in the U.S. are close to finding a bottom . Speaking at the Brookings Institution in Washington, D.C., Kohn did say it's encouraging that the pace of declines is starting to abate in some markets. He noted...
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Testifying before the Senate Banking Committee on risk management and systemic risk, Federal Reserve Vice-Chairman Donald Kohn said that while liquidity pressures have eased, the Federal Reserve must protect the markets from a possible relapse. Kohn said that home loan losses are increasingly significantly...
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Speaking before the Senate Banking Committee in Washington, D.C., Federal Reserve Vice Chairman Donald Kohn warned that banks need to strengthen reserves in order to improve liquidity. Kohn told the committee that bank reserves have not kept up with rising problems and that the problems may extend to...
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Speaking on 'Money Markets and Financial Stability' at the New York Fed's conference on money markets on Thursday night, Fed Vice-Chairman Donald Kohn (voter) said it was unclear how much strengthening of the U.S. financial regulatory system was needed, but that the need for reforms was evident. "As...
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Speaking at a National conference on Public Retirement in Louisiana, Federal Reserve Vice Chairman Donald L. Kohn reiterated his position that while the economy is currently experiencing intense pressures , he fully expected that it would recover in the second half of 2008. He maintained the Federal...