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Household borrowing rises most in six years in NY Fed survey
NEW YORK – Consumer debt in the U.S. rose last quarter by the most in more than six years as Americans borrowed to buy...
Consumer expectations of credit improve, New York Fed says
NEW YORK – Expectations of credit access among U.S. consumers improved in recent months even as their predictions for inflation held steady, according to...
Household debt climbed 1.1% in third quarter, Fed says
NEW YORK – U.S. household debt climbed 1.1 percent during the third quarter as borrowing for mortgages, education, car purchases and on credit cards...
Bernanke says solving fiscal woes may bring ‘very good’ year
WASHINGTON -Federal Reserve Chairman Ben S. Bernanke said that an agreement on ways to reduce long-term federal budget deficits could remove an impediment to...
Fed’s Dudley says housing is key obstacle to economic growth
NEW YORK - Federal Reserve Bank of New York President William C. Dudley said weakness in the housing market is one of the main...
Bankers’ complaint of uncertainty obscures reluctant disclosure
NEW YORK - While bankers complain that regulatory uncertainty is hurting growth, their failure to provide balance-sheet transparency is creating uncertainty for the taxpayers...
Rosengren says Fed should act to bring down unemployment rate
NEW YORK - Federal Reserve Bank of Boston President Eric Rosengren said the central bank should act to bring down “stubbornly, and unacceptably, high”...
Bernanke gives push to new stimulus as officials lower outlook
WASHINGTON - Federal Reserve Chairman Ben S. Bernanke signaled additional monetary stimulus may be needed to lower U.S. unemployment as policy makers projected little...
Fed’s Rosengren says global bank ‘vulnerabilities’ must be fixed
NEW YORK - Federal Reserve Bank of Boston President Eric Rosengren said the European debt crisis underscores that regulators must address the “significant challenges”...
Fed’s Rosengren sees ‘very slow improvement’ for economy
NEW YORK - Federal Reserve Bank of Boston President Eric Rosengren said the outlook for the U.S. economy is for “very slow improvement,” and...
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