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Fed Economist to Speak at Ag Forum in Madison
Posted on January 10th, 2010 No commentsThe effect of the recession on Wisconsin’s agriculture community will be examined at a forum open to the public in Madison on Jan. 20. An economist with the Federal Reserve Bank of Chicago, ag economists and commodity specialists will be the featured speakers, according to a news release.
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Fed Asks Banks for TARP Repayment Plans
Posted on November 24th, 2009 No commentsTwo banks that operate in Wisconsin, PNC Financial Services Group Inc. and Wells Fargo & Co., are among the 19 banks that underwent government �stress tests� earlier this year and have been asked by the Federal Reserve to devise a plan to repay TARP money. Read more in the Milwaukee Business Journal.
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Fed Refilling Fiscal Prescription
Posted on November 8th, 2009 No commentsWith no major side effects showing up – yet – from the government’s potent mix of monetary and fiscal medicines, the Federal Reserve last week essentially refilled the prescription for at least another six months, writes Tom Saler in his Milwaukee Journal Sentinel column.
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New President Brings Expertise to Mpls Fed
Posted on October 15th, 2009 No commentsNarayana Kocherlakota took over the president’s chair at the Minneapolis Federal Reserve Bank on Oct. 8. But although the region may acknowledge the importance of the University of Minnesota economist’s new job, most of us don’t know much about the opportunities it gives him to boost a still struggling Midwestern economy. Read more in Minnesota Finance and Commerce.
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Fed May Oversee Bank Executive Pay
Posted on September 18th, 2009 No commentsThe Federal Reserve could have a say in compensation for bank executives under far-reaching regulation to rein in risk-taking lenders. Read the story in the Business Journal of Milwaukee.
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Foote to Chair Chicago Fed Board
Posted on September 14th, 2009 No commentsWisconsin native William C. Foote has been appointed chairman of the Federal Reserve Bank of Chicago’s Board of Governors for 2010. Foote is chairman and chief executive of USG Corp. in Chicago. Read the Milwaukee Journal Sentinel article.
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Fed Survey Addresses Loan Demand, Standards
Posted on August 18th, 2009 No commentsU.S. banks extended fewer business loans in the second quarter, largely because of weaker demand for loans and deteriorating creditworthiness. According to a quarterly Federal Reserve survey of senior loan officers, a smaller percentage of banks tightened their loan standards from May through July than was true in the previous three months. Read more in the Business Journal of Milwaukee.
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‘Low Rates Can’t Last Long’
Posted on August 16th, 2009 No commentsWhenever the Fed takes the training wheels off the economy, monetary policy could be dramatically different from the recent past, writes Milwaukee Journal Sentinel columnist Tom Saler.
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Stern to Retire from Mpls. Fed
Posted on April 2nd, 2009 No commentsGary Stern will retire this summer as president of the Federal Reserve Bank of Minneapolis, ending a 24-year tenure as he nears the mandatory retirement age of 65. Stern’s exit comes in the midst of a financial crisis — a threat he tried to warn about years earlier. Among the warnings: his 2004 book, Too Big To Fail: the Hazards of Bank Bailouts. Read the St. Paul Pioneer Press article.