Nicholas Burk and David H. SmallOn October 6, 1979, Chairman Volcker announced that the Federal Reserve was embarking on a new, forceful, and ultimately successful campaign to lower the rampant inflation of that time. At the center of this campaign were new operating procedures for conducting monetary policy—procedures that focused daily open market operations on controlling the quantity of monetary reserves and on the quantity of nonborrowed reserves in particular.
Thomas A. Durkin, Gregory Elliehausen, and Thomas A. Miller, Jr.Guaranteed Asset Protection (GAP) shields purchasers from financial risks of losses exceeding insured collateral values if vehicles become total losses. Yet surprisingly little is known about the sales of this product or consumers’ attitudes toward it. In this study, we report the results of a representative national survey conducted by the Survey Research Center (SRC) of the University of Michigan.
In a round of interviews, the prime minister showed little sympathy for the pain that high interest rates could inflict on mortgage holders, critics said.
The International Monetary Fund recently issued an assessment of the UK economy. Bumble Dee / ShutterstockEveryone from political pundits to people on the street have issued forth on the new UK government’s tax cut-laden growth plan recently. But it was a rare public rebuke from the International Monetary Fund (IMF) that really impacted financial markets.
Inflation remains far above the Federal Reserve’s goal, and prices climbed more quickly than economists expected in August.
The Bank's Court of Directors acts as a unitary board, setting the organisation's strategy and budget and taking key decisions on resourcing and appointments. Required to meet a minimum seven times per year, it has five executive members from the Bank and up to nine non-executive members.
40 Wall Street is one of the Trump Organization properties included in the lawsuit. Roy Rochlin/Getty ImagesOn the lower tip of Manhattan there is a prime piece of real estate, the price of which is somewhat up for debate.
The pace of Greece’s Producer Price Index (PPI) annual growth accelerated once again, with another solid rise of 39.5 percent year-on-year in August, from 35.6 percent in July, ELSTAT data said on Friday.
The growth in Greece’s retail sales stayed essentially stable in July, rising by 11.9 percent year-on-year (YoY), from an only slightly downward revised 12 percent rise in June, Hellenic Statistical Authority (ELSTAT) data showed on Friday.