Ben Bernanke, chairman of the Federal Reserve, on Thursday urged US banks to continue raising capital, saying this could pave the way for an improvement in economic conditions
The Federal Reserve should use regulatory powers aggressively and pro-actively to limit the threat from future asset price bubbles, Frederic Mishkin, one of the Fed’s governors, said on Thursday
Fate of US housing rescue in the balance
The consumer price index advanced by 0.2 per cent in April while core prices, which exclude food and energy, rose by only 0.1 per cent
Fewer car purchases put a dent in US retail sales last month, which fell 0.2 per cent, as consumers were hit by high fuel costs and a weak labour market.
Fannie and Freddie capital alert
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