Saturday, August 14, 2010

House Republicans plan to call for the GSEs' abolition & FED News

  • Fannnie/Freddie - House Republicans plan to use Tuesday's Treasury-HUD “Conference on the Future of Housing Finance” to call for the GSEs' abolition and to criticize Democrats for not tackling Fannie and Freddie in Wall Street reform (Politico)
  • FX report published to Congress (from NY Fed) – out Thurs night - The U.S. monetary authorities did not intervene in the foreign exchange markets during the April—June quarter, the Federal Reserve Bank of New York said today in its quarterly report to the U.S. Congress
  • Fed’s balance sheet little changed in latest reading; Currency swaps with other central banks were unchanged at $1.25 billion (Bloomberg)

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