May 20
Inflation is not yet out of control in the United States, according to
former Fed Chairman Alan Greenspan, speaking via
satellite link to a conference in Athens, Greece.
May 20
After the FOMC cut rates 25 bps to 2.00% on April 30 and signalled a
pause in monetary policy loosening, economists will be attentive to any
commentary explaining the short- and long-term inflation outlook in the
United States in the release of the FOMC’s minutes on
Wednesday.
May 20
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May 20
U.S. producer prices, IBD/TIPP Economic Optimism and comments from Fed
Vice-Chairman Donald Kohn will highlight the U.S. economic data front,
while Canadian markets receive international securities transactions and
wholesale sales.
May 20
Speaking at a National conference on Public Retirement in Louisiana,
Federal Reserve Vice Chairman Donald L. Kohn reiterated his position that
while the economy is currently experiencing intense
pressures, he fully expected that it would
recover in the second half of 2008.
May 20
Might there be a housing rescue bill after all?
Monday night Senator Chris Dodd (D-CT and Senator Richard Shelby (R-
AL), Chairman and Ranking Member of the Senate Committee on Banking,
Housing, and Urban Affairs announced that they had reached an agreement
that will be presented to the whole committee on Tuesday.