Timothy Geithner, New York Federal Reserve Bank President Thomson Financial News - "The central aim of the new North American and European central banks' cooperative liquidity program is to reduce the incentive for an excessive liquidity hoarding by banks." 13 Dec 2007
The Federal Reserve cuts rates by 0.25% to 4.25% The Federal Reserve's Monetary Policy Committee has decided to cut interest rates by 25 basis points to 4.25%, as widely expected after their monetary policy meeting. 11 Dec 2007
325.
Fed decision in focus The US currency is likely to be subjected to further heavy selling pressure if there is a 0.50% Fed Funds rate cut while a 0.25% reduction looks more likely which would provide some further relief for the currency. 11 Dec 2007
Brazil's Petrobras Finds New Reserves Brazil's state oil company says it has discovered new natural gas and light oil reserves off its southeastern coast. Petroleo Brasileiro SA gave no estimates of reserves in the new find, but said in a statement late Thursday that the discovery confirmed the "high potential" for oil and gas in the Espirito Santo basin. 07 Dec 2007
328.
Ben Bernanke, Federal Reserve Chairman Thomson Financial News - "The streamlined process for refinancing and modifying sub-prime adjustable rate mortgages announced today is a welcome step in helping Americans protect their homes and communities from the consequences of unnecessary foreclosures." 07 Dec 2007
329.
Forex market speculate on aggressive Federal Reserve rate cut The Dollar fell against the Yen and the Euro on Tuesday on speculation the Federal Reserve could cut interest rates aggressively next week to calm market concerns over the credit turmoil and tightening liquidity. 05 Dec 2007
330.
Glenn Stevens, Reserve Bank of Australia deputy governor Thomson Financial News - "Inflation on a year ended basis, as measured by the CPI (consumer price index) and underlying measures, is likely to be above 3 percent in the first half of 2008, and to decline somewhat thereafter." 05 Dec 2007
4.48%XLF 15.92 
