Giant Gas Reserve Discovered Near Brazil Brazil's state oil company said Monday it has discovered a huge natural gas reserve off the coast of Rio de Janeiro that could be as big as the recently discovered giant Tupi oil field. 21 Jan 2008
Glenn Stevens, Reserve Bank of Australia deputy governor Thomson Financial News - "There is no evidence, moreover, of a credit crunch in the domestic financial sector. On the contrary, thus far the core elements of the domestic system have stepped into the potential gap left by the capital markets." 18 Jan 2008
Dennis Lockhart, Atlanta Federal Reserve Bank President Thomson Financial News - "I think these circumstances call for policymakers to be prepared to respond pragmatically. In my view, pragmatism in the face of growing weakness in the general economy may very well require additional moves to lower the federal funds rate." 18 Jan 2008
267.
Richard Fisher, Federal Reserve Bank of Dallas President Thomson Financial News - "One has to bear in mind that the seeds of inflation, once planted, can lie fallow for some time, then suddenly burst through the economic topsoil like kudzu, requiring a near-toxic dose of countermeasures to overcome." 18 Jan 2008
Sandra Pianalto, Federal Reserve Bank of Cleveland President Thomson Financial News - "A weak December employment report, combined with a falloff in retail spending and flat industrial production, supports my view that the economy has shifted to a lower growth track." 17 Jan 2008
0.44%SPY 123.80 
1.14%
