Content about Federal Reserve System

April 11, 2012

The Federal Reserve’s latest Beige Book report, which covered the period February 18 - April 2, 2012, was not effusive in its assessment of economic activity, pegging expansion at a “modest to moderate pace.” But a closer look at the report, provided by IHS Global Insight, indicate an uptick in housing demand, residential construction activity, consumer spending, employment and lending. The only dark cloud on the horizon, according to the Federal Reserve’s economic analysis, is gas prices. 

February 13, 2012

Orlando, Fla. -- Federal Reserve Chairman Ben Bernanke, addressing a crowd of home builders on the last day of the International Builders' Show here, did his best to explain how low mortgage rates -- his chief weapon to stimulate the housing market -- have fallen short of their goals. But Bernanke’s speech before a crowd of more than 200 attendees was not an apologie; on the contrary, Bernanke seemed a little frustrated about a lack of action in other government and business sectors and seemed worried about the overall effect of the housing crisis on the general economy.

January 6, 2012

The Federal Reserve, in a Jan. 4 report sent to members of Congress who sit on banking committees, warned that mortgage lending standards are holding back the nation’s economy.  

The 26-page white paper was an unusual foray into the housing sector for an agency concerned primarily with monetary policy. But Federal Reserve Chairman Ben Bernanke stated: “Restoring the health of the housing market is a necessary part of a broader strategy for economic recovery.”  

June 30, 2011

The National Lumber and Building Material Dealers Association (NLBMDA) said it was disappointed by the Federal Reserve Board's decision to delay and reduce fee caps for certain card transactions. 

February 15, 2011

The National Lumber and Building Material Association's (NLBMDA's) released its 2011 National Policy Agenda. The document reflects an effort to spur new home construction by mitigating federal red tape and encouraging banks to renew lending activity.

The association's agenda includes statements on housing, legal reform, workforce policy, tax policy, product supply, transportation and energy.  

December 14, 2010

The National Retail Federation (NRF) has revised its consumer spending forecast for the 2010 holiday season, raising it from a 2.3% increase over last year to a 3.3% growth rate.

The upward revision is due to improvement in a variety of economic indicators, the group said, including stock market gains, recent income growth and savings built up during the recession - all giving consumers the capacity to spend.     

September 30, 2008

Weyerhaeuser, the NLBMDA and the NAHB all had words for Congress on the financial rescue...

August 23, 2007

Companies on the HCN Top 350 Scoreboard racked up pro sales of $55.98 billion in...