Economy
China's Bigger-Than-Forecast Export Rebound Adds Pressure to Pare Stimulus China’s exports rose more than
forecast in February and posted a third straight gain, a rebound
that adds to pressure on policy makers to pare back stimulus
measures adopted during the global recession.
Fed `Extended Period' Rate Pledge Criticized as Inflexible by Some on FOMC The Federal Reserve’s pledge to
keep interest rates close to zero for an “extended period” has
come under criticism from policy makers who say it’s restricting
their room to maneuver as the economy recovers.
German Exports Unexpectedly Slumped in January, Erasing December's Jump German exports unexpectedly slumped
in January, erasing December’s jump and ending a four-month
streak of gains.
Obama Proving Pessimists Wrong as Rebounding Economy Converges With Stocks The political consensus may be that
President Barack Obama’s handling of the economy has been weak.
The judgment of money in all its forms has been overwhelmingly
positive, and that may be the more lasting appraisal.
Greek Financial Crisis Is `Over,' Rest of Euro Region Is Safe, Prodi Says The worst of Greece’s financial
crisis is over and other European nations won’t follow in its
path, said former European Commission President Romano Prodi.
China Property Prices Surge as Officials Target Speculation, Bubble Risks China’s property prices rose at the
fastest pace in 23 months in February, adding urgency to the
government’s efforts to rein in speculation and increase
the stock of affordable housing.
Papandreou Says Obama Is `Supportive' of Measures to Stem Deficit Crisis Greek Prime Minister George
Papandreou said U.S. President Barack Obama expressed support
for measures being taken to deal with Greece’s financial crisis.
Bank of Thailand Keeps Rate at Five-Year Low as Protests Threaten Recovery Thailand kept its benchmark
interest rate unchanged for a seventh meeting, refraining from
following neighbor Malaysia in raising borrowing costs as
political protests threaten the nation’s economic recovery.
Taiwan Seeks to Drain Excess Cash From Financial System, Cool Asset Prices Taiwan’s central bank is using
open-market operations to drain excess cash from the nation’s
financial system, a bank official said, as policy makers seek to
avoid excess liquidity fueling asset prices.
Bank of Japan's Suda Says Risks for Japan Economy Becoming More Balanced Bank of Japan board member Miyako
Suda said upside and downside risks for growth are almost
balanced, sticking with the bank’s view that the economy will
continue to expand gradually.
Australian Economy Will Grow Faster Than Average, Reserve Bank's Lowe Says Australia’s economy is likely to
expand at or above its average pace over the next few years,
stoking inflation pressures and house prices, central bank
official Philip Lowe said.
Sack Says Fed Selling Assets Would Risk Sudden Increase in Long-Term Rates Brian Sack, the New York Federal
Reserve Bank’s markets chief, said shrinking the central bank’s
$2.3 trillion balance sheet quickly through sales of assets
risks a sudden rise in long-term interest rates.
New Normal Becomes Old Normal With Exports Spurring Growth in New U.S. Mix The “new mix” is out to topple the
“new normal” as the paradigm for America’s economic future.
Fed May Lose Supervision of Small State Banks to FDIC, Senator Reed Says The Federal Reserve, which is urging
Congress to let it keep its bank supervising role, may lose
oversight of smaller state banks to the Federal Deposit
Insurance Corp., Democratic Senator Jack Reed said.
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