McTeer: the enemy inflation is knocking on our door: consumer price index troubling

Article Abstract:

Dallas Federal Reserve Bank Pres Robert McTeer is convinced of the negative effects that raising interest rates and the danger of inflation could bring. He opines that US economic expansion should remain sustainable to prevent the possibility of a recession. He also declared that inflation, which he believes to be the enemy of the economy, has arrived. To keep up with the economic situation, the Dallas Federal Reserve Bank has maintained its interest in oil a little more than the other federal banks and has also been more active in economic education.

Strategy & planning, Texas, Monetary Authorities - Central Bank, Federal Reserve Banks, Dallas Federal Reserve Bank

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Banks wary but willing to lend before the new year

Article Abstract:

The banking industry is being careful on giving loans to businesses, according to the Federal Reserve's latest survey of 55 big US banks and 21 foreign-controlled ones operating in the US. Banks are willing to extend existing customers special Y2K loans, but on tougher terms compared to other types of credit. Extra supplies of cash from the Federal Reserve would be tapped by the banks in case customers want to have more cash on hand at year's end.

United States

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Fed chief says global banks need backup

Article Abstract:

World leaders and policymakers should concentrate on creating the preventive systems that will guarantee that a global financial crisis similar to what occurred in 1998 will never occur again. Federal Reserve Chmn Alan Greenspan, at a conference sponsored by the Council on Foreign Relations, advised countries to set up institutions that are capable of coming to the aid of banks in case of financial trouble.

World, Public affairs

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