Articles by Timothy Geithner
The Energy Report - Flood Warning
August 29 2012 8:54 AM
Hurricane Isaac makes a second landfall at Port Fourchon, LA.; it is becoming clearer that the threat at from this slow moving storm may not come from the winds but the possible flooding. While oil prices have fallen on the expectation that demand for oil will be impacted by this storm in the aftermath of the storm the demand for higher quality crude could drive WTI higher when the damage becomes clearer. With flood defenses already being breeched in southeast Louisiana the impact of this storm ...
Bernanke, QE3 and the EuroCrisis
August 02 2012 3:30 AM
FOMC Excerpts: "Information received since the Federal Open Market Committee met in June suggests that economic activity decelerated somewhat over the first half of this year." "Growth in employment has been slow in recent months, and the unemployment rate remains elevated." "Household spending has been rising at a somewhat slower pace than earlier in the year." "Despite some further signs of improvement, the housing sector remains depressed." "Inflation has decli...
Fannie-Freddie Mortgage Reductions Vetoed By Regulator, Underscoring Tension Over Housing Cure
July 31 2012 7:25 PM
A top U.S. housing regulator refused on Tuesday to offer principal reductions for mortgages held by Fannie Mae and Freddie Mac, highlighting a sharp difference in views over the best way to aid the beleagured real estate market.
Geithner Media Tour Unlikely To Silence LIBOR Critics
July 19 2012 9:26 AM
U.S. Treasury Secretary Timothy Geithner appeared on a CNBC-sponsored conference Wednesday morning toeing the government's party that the New York Fed is not to blame for helping keep the evolving LIBOR rate-fixing scandal under wraps, even though they knew it was going on since at least 2007.
Monti urges political backing in euro crisis
June 13 2012 10:35 PM
Technocrat Prime Minister Mario Monti appealed to Italy's politicians on Wednesday to back his tough economic medicine to avoid Rome becoming the next victim of the euro debt crisis, after a bailout for Spain's banks failed to calm markets.
Erskine Bowles Not Interested in Treasury Post
May 27 2012 12:44 PM
Former White House chief of staff Erskine Bowles, whose name has surfaced as a potential successor to U.S. Treasury Secretary Timothy Geithner, said Sunday he does not want the job and has not been asked by Democratic President Barack Obama.
JPMorgan Losses Give Boost To US Sen. Sanders' Bank Bill
May 23 2012 12:04 PM
The recent multibillion-dollar trading loss suffered by JPMorgan Chase & Co. (NYSE: JPM), the country's largest bank by assets, has strengthened the case against letting bank executives serve as directors of Federal Reserve regional banks and thus regulating themselves, policy makers say.
FBI Launches Investigation Of JPMorgan Trading Losses
May 15 2012 2:54 PM
The FBI has opened a probe into trading losses at JPMorgan Chase & Co, stepping up the pressure on the bank after the U.S. Securities and Exchange Commission and the Federal Reserve said they were also looking into the wrong-way bets that led to the losses.
Chinese And US Leaders Attempt To Highlight Cooperation Over Differences
May 04 2012 5:03 PM
At the end of the high-level strategic talks between the U.S. and China, both countries have vowed to improve relations and to prevent human rights from becoming a major diplomatic stumbling block.
Strategic Dialogue Between U.S. And China Opens, Economic Differences Remain
May 03 2012 12:40 PM
Amid mutual political and economic pressures, the U.S. and China are pushing each other to change economic and trade policies seen by each side as being disadvantageous to trade and economic growth.
In Beijing, Geithner Repeats Call For Stronger Yuan
May 03 2012 4:18 AM
US Treasury Secretary Timothy Geithner said Thursday that China should allow its currency to increase in value against the dollar to support the reforms in the country's financial system.
Chinese Dissident Chen Released From U.S. Embassy Ahead of Strategic Talks
May 02 2012 9:32 AM
As the U.S.-China Strategic and Economic Dialogue talks are set to begin, it looks as if one issue has already been taken off the list of disagreements looming over this year's discussions.
Weekly Summary on USD, EUR, GBP, JPY, MXN and RMB
April 30 2012 12:54 PM
The USD begins the week near the middle of its recent well?worn ranges against most of its major counterparts. While declining stocks, mixed economic data and renewed concerns over global economic growth are providing safe?haven support, the demand is being largely offset by increased speculation that the Fed will pursue further monetary easing. The Q1 GDP report released last Friday showed that the world's largest economy is growing at a slower pace than expected, down to 2.2% versu...
U.S. And China Meet For Strategic Talks As Obstacles Loom
April 30 2012 12:09 PM
As U.S. and Chinese leaders are set to meet in Beijing on May 3-4, a year of troubles and differences will be prominent in their minds.
US Diplomat In China For Talks On Escaped Activist Chen Guangcheng Ahead Of Bilateral Summit: Report
April 29 2012 9:23 AM
A senior US diplomat arrived in Beijing Sunday ahead of schedule as the reports of US protection to escaped Chinese activist Chen Guangcheng triggered tension between both the countries.
U.S.-China Dialogue Won't Be Delayed By The Chen Affair: Report
April 28 2012 8:14 PM
U.S. Secretary of State Hillary Clinton and Treasury Secretary Timothy Geithner are not planning to postpone their visit to China next week because of the reported American protection of a Chinese civil-rights activist who recently escaped house arrest, a State Department official said Saturday.
China Sets Record High Ceiling For Yuan
April 27 2012 2:00 PM
China's central bank expanded the yuan's reference rate against the dollar to another record high on Friday, in a nod to calls from the U.S. to loosen growth restrictions on the currency's value.
Social Security, Medicare Funds Running Out Faster: US
April 23 2012 11:07 PM
Social Security and Medicare programs are sliding closer to insolvency, the federal government warned Monday. The Social Security trust fund will be unable under current trends to fulfill its obligations in 2033, three years earlier than projected last year
Eurozone Firewall: UK, Singapore, South Korea And Australia Contribute $41 Billion To IMF
April 21 2012 12:09 AM
Australia, Singapore, South Korea and the UK have agreed to contribute a combined $41 billion to the International Monetary Fund reserve to boost a global firewall against Europe's debt crisis.
Retrospective Tax Law: US Seeks Reassurance From India
April 20 2012 3:55 AM
US Treasury Secretary Timothy Geithner pressed India’s Finance Minister Pranab Mukherjee on Thursday for reassurance that New Delhi welcomes foreign capital and remains committed to boosting bilateral trade and investment, following concerns connected to India's newly proposed retrospective tax measures.