Trichet does not address Economic outlook

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• UPDATE:Trichet:Idea Europe Has Liquidity Problem’Plain Wrong’
• Trichet does not address Economic outlook
• Trichet: Unconv’l Mon Pols Needne’t Interfere W/Price Stab
• IMF’s Lagarde: World Econ ‘In Dangerous New Phase’; Act Now
• Bank of Mexico’s Carstens: Fin Crisis to Keep US Econ Weak
• Jackson Hole:G20 Insurance Pool Proposed, Debt Risks Mount -2
• Jackson Hole: G20 Insurance Pool Proposed As Debt Risks Mount
• Jackson Hole: New Bank Reg’ns,Cap Standards Could Backfire -2
• Jackson Hole: New Bank Reg’ns, Cap’l Standards Could Backfire

UPDATE:Trichet:Idea Europe Has Liquidity Problem’Plain Wrong’ Posted: By Steven K. Beckner JACKSON HOLE, Wyo. (MNI) – European Central Bank President Jean Claude Trichet insisted Saturday that the euro-area does not face a liquidity problem. Trichet, answering questions at the Kansas City Federal Reserve Bank’s annual Jackson Hole symposium, also reemphasized the ECB’s commitment to price stability and said that its anchoring of [...]

Trichet does not address Economic outlook Posted:

Trichet: Unconv’l Mon Pols Needne’t Interfere W/Price Stab Posted: By Steven K. Beckner JACKSON HOLE, Wyo. (MNI) – European Central Bank President Jean Claude Trichet suggested Saturday that the ECB needs to keep unconventional monetary policy weapons in its arsenal at a time of economic weakness, saying that they need not interfere with its price stability objective. Trichet, addressing the Kansas City Federal Reserve [...]

IMF’s Lagarde: World Econ ‘In Dangerous New Phase’; Act Now Posted: By Steven K. Beckner JACKSON HOLE, Wyo. (MNI) – Sounding alarmed, the head of the International Monetary Fund said Saturday that the world economy has entered a “dangerous new phase” and called for urgent action to sustain a flagging global recovery. While advanced countries need to reduce their government debts, they must not do so [...]

Bank of Mexico’s Carstens: Fin Crisis to Keep US Econ Weak Posted: By Steven K. Beckner JACKSON HOLE, Wyo. (MNI) – Agustin Carstens, governor of the Bank of Mexico, said Saturday that the economic experience of his country since the “peso crisis” of the mid-1990s suggests that the United States is likely in for a long period of slow growth. Carstens, commenting during a session of the [...]

Jackson Hole:G20 Insurance Pool Proposed, Debt Risks Mount -2 Posted: By Steven K. Beckner Prasad proposes that “the level of the premium would depend not only on the level of insurance desired but also the quality of a country’s policies. There would be higher premiums for a country that chose to run large budget deficits or that accumulated large amounts of debt, increasing its vulnerability [...]

Jackson Hole: G20 Insurance Pool Proposed As Debt Risks Mount Posted: By Steven K. Beckner JACKSON HOLE, Wyo. (MNI) – Faced with “serious risks” to global stability from heavily indebted countries which cannot be fully insured against through massive foreign exchange reserve accumulation, the Group of 20 should launch an “insurance pool,” central bankers from around the world were told Saturday. Emerging market countries have solved [...]

Jackson Hole: New Bank Reg’ns,Cap Standards Could Backfire -2 Posted: By Steven K. Beckner Levine also suggests that strengthened capital regulations are not the guarantor of financial stability than many perceive them to be. “Tightening capital regulations will not necessarily improve the asset allocation decisions of banks and promote economic growth,” he writes. “While many analysts look to capital regulations as a sort of policy [...]

Jackson Hole: New Bank Reg’ns, Cap’l Standards Could Backfire Posted: By Steven K. Beckner JACKSON HOLE, Wyo. (MNI) – The benefits of more government regulation and higher capital standards have frequently been extolled in wake of the financial crisis, but those benefits are not automatic and could be offset by adverse effects, according to a paper presented to top Federal Reserve officials and economists here [...]