» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X

Forgot your password?
Skip Navigation LinksHome > Article
VOL. 37 | NO. 25 | Friday, June 21, 2013




2 Fed officials seek to calm financial markets

Print | Front Page | Email this story

WASHINGTON (AP) — Federal Reserve officials are seeking to calm investors by assuring them the Fed won't start trimming its bond purchases until the economy has strengthened. They say any pullback in the Fed's stimulus will hinge on the economy's performance, not a calendar date.

William Dudley, president of the Federal Reserve Bank of New York, says that if the economy proves weaker than the Fed forecasts, he expects the bond purchases to continue.

Chairman Ben Bernanke jolted investors last week when he said the Fed will likely slow its bond-buying this year if the economy continues to improve. The bond purchases have helped keep interest rates low.

Jerome Powell of the Fed's board in Washington says separately that investors appear to have incorrectly concluded that the Fed will taper its purchases soon.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0