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CompareCC News Archive Listing for Economy during 2010-03-08.
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Senators wrestle with Fed bank oversight issues
 
Reuters - The Federal Reserve could retain oversight of large bank holding companies under a scaled-back regulatory reform plan being considered by key senators, but important questions remained unanswered, lobbyists said on Sunday.
Economists see Fed rate hike in 6 months
 
Reuters - Most U.S. business economists expect the Federal Reserve to raise benchmark interest rates within six months by between a quarter and a half percentage point, according to a survey released on Monday.
Volcker: higher inflation target idea "nonsense"
 
Reuters - An idea floated by the International Monetary Fund suggesting higher inflation targets is nonsense, White House economic adviser Paul Volcker said in a German newspaper interview published on Monday.
China cautions against expecting fast yuan rise
 
Reuters - Any rise in the yuan's exchange rate will be gradual, China's trade chief said on Monday in comments that underline the competing interests at the heart of Chinese policy-making.
German Jan industrial production up 0.6 pct on Dec
 
AP - Official data shows German industrial output rose 0.6 percent in January from December as an increase in the manufacture of some products offset a decline in construction due to harsh winter weather.
Fed launches reverse repurchase agreement program
 
AP - The Federal Reserve is beginning a program to drain some of the unprecedented liquidity it added to markets during the credit crisis.
US may raise rates within six months: survey
 
AFP/File - The US Federal Reserve is expected to hike benchmark interest rates within six months as the economy recovers from one of the most brutal recessions, a poll among economists showed Monday.
W.House confident over June deadline for Fed picks
 
Reuters - The White House is confident it will meet a June deadline for making appointments to fill vacancies on the Federal Reserve Board, spokesman Bill Burton said on Monday.
Job market gauge up for 6th straight month
 
Reuters - The U.S. job market continued to improve in February for the sixth consecutive month, largely due to a strong recovery in manufacturing production, a research group said on Monday.
Congressional budget director sees bleak outlook
 
Reuters - The director of the nonpartisan Congressional Budget Office on Monday said the U.S. fiscal outlook is 'bleak,' with a worrisome rise in debt levels looking likely.
FDIC's Bair says low interest rates "appropriate"
 
Reuters - A low interest rate policy is 'clearly appropriate' due to the still struggling economy, a top U.S. bank regulator said on Monday, while also expressing frustration that banks are not doing enough to get credit flowing.
EU considers creating IMF-style rescue fund
 
Reuters - The European Union is considering creating a rescue fund that could herald fundamental changes in the 27-country bloc and bring closer economic cooperation following Greece's debt crisis.
Jobs outlook may be too optimistic: SF Fed study
 
Reuters - The widely held outlook that U.S. unemployment will ease this year may be overly rosy if companies continue to boost productivity at faster-than-usual levels, economists from the San Francisco Federal Reserve Bank said in a study released on Monday.
Some American Jews sit out recession in Israel
 
Reuters - Fed up with the tough job market, some young American Jews are choosing to wait out the recession in Israel, where the government heavily subsidizes their stay while they intern, learn Hebrew or volunteer.
FDIC's Bair eyes low interest rates, more lending
 
Reuters - U.S. banking regulator Sheila Bair said on Monday that a low interest rate policy is 'clearly appropriate' to get credit flowing, while also saying regulators should stop short of ordering banks to lend.
New York Fed says to expand firms for reverse repos
 
Reuters - The U.S. Federal Reserve is taking an additional measure to lay the groundwork to drain excess bank reserves, as it seeks to remove some of the $1 trillion in cash it injected during the global credit crisis.
US eases Cuba, Iran, Sudan sanctions to allow Web services
 
AFP - The US Treasury Department eased sanctions on Cuba, Iran and Sudan on Monday to allow exports of Internet communications services such as instant messaging, email and social networks.
Greek PM hopes to reform economy
 
AP - Greece's prime minister is hoping his trip to Washington will boost efforts to get his country out of a financial crisis. But Secretary of State Hillary Clinton said Monday that Greece is not asking for any specific help from Washington.
Clinton: Greece has not asked US for economic aid
 
AP - The United States says Greece is not looking for any specific help from Washington in solving its financial crisis.
Nev. jobless rate remains at 13 percent in January
 
AP - Nevada's statewide unemployment rate remained at 13 percent in January, but the largest metropolitan areas saw increases because of the loss of seasonal holiday workers and slow construction activity, the state reported Monday.
Greece urging US to better regulate hedge funds
 
AP - Greece is urging the United States to step up regulation of hedge funds that Athens blames for making Greece's economic crisis worse.
China calls U.S. Treasuries important, wary on gold
 
Reuters - China, the world's biggest holder of foreign exchange reserves, renewed its commitment to the U.S. Treasury market on Tuesday but said it would be wary of adding to its gold holdings.

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