Fed's Mishkin: No policy role for house price drops
156272
JACKSON HOLE, Wyoming  - Central banks should focus on house price swings only if they risk causing harm to the broader economy, and keep their eyes on ensuring stable prices and employment, Federal Reserve Governor Frederic Mishkin said on Saturday.
639956
Federal Reserve officials believed downside risks to U.S. economic growth had diminished between their May and June meetings, suggesting little likelihood that the current housing market downturn would spark a near-term cut in benchmark U.S. interest rates.
756313
A big overhang of property will bring  U.S. house prices down further, but it is too early to say if  the economy will plunge into recession, former Federal Reserve  chief Alan Greenspan was quoted as saying on Friday.
79983
U.S. stocks were little changed on   Monday, paring earlier losses after a Federal Reserve official   said the U.S. central bank could do a better job of explaining   its policy aims.
549134
WASHINGTON - Americans may be disappointed the Federal Reserve's interest rate cut won't translate into lower monthly mortgage payments and a revival of the housing market.
1989
The Federal Reserve cut a key interest rate today, aiming to prevent turbulence in the housing and credit markets from slowing the U.S. economy.
685700
Federal Reserve officials on Friday  said falling home prices and financial market turmoil are big  risks to the U.S. economy but pledged that the central bank  would not shrink from taking bold steps to support growth.
73220
Investor's Business Daily - Markets shouldn't focus so much on how much the central bank will cut interest rates at any one time, said Fed. Gov. Frederic Mishkin. "What is important for pricing most financial assets is the path of monetary policy, not the particular action taken at a specific meeting." That said, Mishkin largely backed up Fed chief Ben Bernanke's Thu. comments, saying "monetary policy needs to be timely, decisive and flexible." That also supports Wall St.'s forecast of a 50-basis point 18ate cut at the Fed's Jan. 29-30 meeting.
60667
Federal Reserve Board Governor  Kevin Warsh said on Friday that the U.S. central bank&#39;s  interest rate cut this week was designed to shield the economy  from market turbulence, not bail out investors.
13728
JACKSON HOLE, Wyoming  - The weak housing market could topple the country into a full-blown recession and the Federal Reserve should slash interest rates aggressively, one of the country's most prominent economists warned on Saturday.
222897
It was a dismal week for the stock market, despite an interest rate cut by the Federal Reserve.
662924
Federal Reserve decision-makers signaled on Thursday that downside risks to U.S. economic growth had diminished in June compared with May, suggesting a housing market downturn would not prompt near-term interest rate cuts.
135610
The U.S. Federal Reserve is not  rushing to cut benchmark interest rates because it wants to  break investors of the view that the central bank is there to  bail them out, an article in the Wall Street Journal said on  Thursday.
475352
Interest rates on U.S. 30- and 15-year mortgages fell this week to their lowest levels since early April as the housing market showed little sign of slowing despite the Federal Reserve's move to raise interest rates, mortgage finance company Freddie Mac said on Thursday.
631153
Business & money: Britain faces falling house prices and rising inflation within a few years, according to former chairman of US Federal Reserve.
166997
A big overhang of property will bring U.S. house prices down further, but it is too early to say if the economy will plunge into recession, former Federal Reserve chief Alan Greenspan was quoted as saying on Friday.
27873
The Federal Reserve is set to change home-loan lending practices that are blamed for pushing the nation into a housing downturn, but the effort is expected to fall short of far more stringent efforts by Congress.