Bernanke is named to lead the Fed

Article Abstract:

President George W. Bush has appointed Ben S. Bernanke the new Chairman of the United States Federal Reserve Board, taking over from Alan Greenspan. Mr. Bernanke has said, "My first priority will be to maintain continuity with the policies and policy strategies established during the Greenspan years." The appointment is considered favourably by most stock investors.

Executive changes & profiles, Personnel administration, Officials and employees, Human resource management, Political aspects, Appointments, resignations and dismissals, Biography, Greenspan, Alan, Bush, George W., Company personnel management, Personality profile, Chairpersons, Bernanke, Ben

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Central banks grapple with rate decisions as markets tumble

Article Abstract:

Increasing delinquencies on home mortgages in the US continues to affect markets worldwide. The European Central Bank, the Federal Reserve, and Japan's central bank have all injected cash into money markets in order to bring rates down. The central banks of both South Korea and Australia raised rates, citing inflation concerns.

Europe, Product standards, safety, & recalls, Asia, Standards, International aspects, Influence, Inflation (Finance), Central banks, Control, Inflation (Economics), Subprime loans

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Fed raises rates, modifies its tone

Article Abstract:

The United States Federal Reserve Board has announced an interest rate increase to 4.25 percent from 4 percent to keep the economy stable. The economic governing body also said it would continue to raise interest rates depending on economic performance.

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