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Welcome to Krasneys On Everything Money Blog. These articles are a compilation of current articles that we find interesting and hope you will as well.

Fed Wrestles Over How to Inject Credit Into Economy

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Wednesday, 18 March 2009 11:06 Written by Jonathan Krasney

March 18 (Bloomberg) -- Federal Reserve policy makers will likely determine today that the U.S. recession is still deepening, while clashing on what to do about it.

Officials will debate how to provide further stimulus to the economy, from purchasing more mortgage bonds to buying Treasury securities. They’ll also keep the benchmark interest rate as low as zero percent, according to all 71 forecasters in a Bloomberg News survey.

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U.S. Economy: February Retail Sales Decline Less Than Forecast

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Thursday, 12 March 2009 15:41 Written by Jonathan Krasney

March 12 (Bloomberg) -- Sales at U.S. retailers in February fell less than forecast and a gain in January exceeded the previous estimate, indicating the biggest part of the economy may be starting to stabilize.

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Pimco Predicts Inflation, Joining Buffett, Marc Faber

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Wednesday, 11 March 2009 12:22 Written by Jonathan Krasney

March 11 (Bloomberg) -- Pacific Investment Management Co. which runs the world’s biggest bond fund, joined investors Warren Buffett and Marc Faber in saying inflation will quicken, sounding a warning for Treasury investors.

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Bernanke Spurns Outright U.S. Control of Banks in Rescue Plan

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Wednesday, 25 February 2009 14:08 Written by Bloomberg

Feb. 25 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke spurned outright federal control of U.S. banks in favor of a public-private partnership that the government would eventually exit.

Bernanke told lawmakers yesterday the government would use supervision instead of shareholder control to guide major banks, and warned against dismantling their franchises. The remarks eased concern Treasury Secretary Timothy Geithner’s financial plan would push aside private shareholders, and spurred the biggest gain in financial shares in a month.

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Obama Casts Crisis as Chance to Overhaul Banking, Health Care

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Wednesday, 25 February 2009 13:35 Written by Bloomberg

Feb. 25 (Bloomberg) -- President Barack Obama framed the U.S. economic crisis as an opportunity to solve some of the nation’s most intractable issues and signaled that more taxpayer money would be needed to end the credit crunch.

In his first address to a joint session of Congress, Obama said last night the staggering economy has left “our confidence shaken” and promised “we will rebuild, we will recover, and the United States of America will emerge stronger than before.”

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