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Fed presidents: European woes threaten U.S. economy

By   /  Thursday, May 3rd, 2012  /  Banking & Finance, Banking Industry, Top Stories, Tri-County Economy  /  1 Comment

The U.S. central bank, which has grown its balance sheet from the roughly $800 billion it held steady at for decades to almost $3 trillion in response to the country’s financial crisis, will have to navigate the unwinding of that balance sheet cautiously when the time comes. That was the view from the three Federal Read More →

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Fed economist forecasts 2.5% growth this year

By   /  Thursday, February 2nd, 2012  /  Banking & Finance, Latest news, Tri-County Economy  /  1 Comment

Zimmerman: Inflation is expected to be at around 1.5 percent in 2012 and 2013.

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Area banker tells Fed chair how grim it is

By   /  Friday, October 7th, 2011  /  Columns, Opinion  /  Comments Off on Area banker tells Fed chair how grim it is

Santa Barbara resident and California Bankers Association President Rod Brown recently met with Ben Bernanke.

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Meltdown memories from 1987

By   /  Friday, August 12th, 2011  /  Columns, Opinion  /  Comments Off on Meltdown memories from 1987

Every market crash is different. But every market crash has echoes of past disasters.

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U.S. should set inflation target, Fed economist says at UCSB

By   /  Wednesday, October 27th, 2010  /  Banking & Finance, Tri-County Economy  /  Comments Off on U.S. should set inflation target, Fed economist says at UCSB

Setting the federal funds interest rate target at zero is a trap, and one the Federal Reserve would be better off avoiding, St. Louis Federal Reserve Economist Bill Gavin said at an Oct. 27 appearance at UC Santa Barbara. Warning of the dangers of the so-called “zero lower bound,” when the federal funds rate is Read More →