Gary Siegel

Signs point to a moderate recovery in the near future, Federal Reserve Board chairman Ben S. Bernanke told Congress yesterday, and while he made no mention of monetary policy, inflation was expected to be subdued and housing was still a concern.

NEW YORK - The Treasury Department today sold $25 billion 56-day cash management bills, dated April 15, due June 10, at a 0.150% high tender rate.

NEW YORK – Signs point to a moderate recovery in the near future, but Federal Reserve Board Chairman Ben S. Bernanke told Congress this morning, and while he made no mention of monetary policy, he did say inflation was expected to be subdued and housing was still a concern.

The Treasury Department yesterday auctioned $26 billion of four-week bills at a 0.145% high yield, a price of 99.988722.

Financial system reform is “essential” and should be a catalyst for information exchanges between markets and regulators, Federal Reserve Board governor Daniel K. Tarullo said yesterday.

NEW YORK - The Treasury Department today auctioned $26 billion of four-week bills at a 0.145% high yield, a price of 99.988722.

NEW YORK – Financial system reform is “essential” and should be a catalyst for information exchanges between markets and regulators, Federal Reserve Board Governor Daniel K. Tarullo said today.

Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower, as the three-months incurred a 0.155% high rate, down from 0.175% the prior week, and the six-months incurred a 0.240% high rate, down from 0.265%.

It is too soon to determine the end of the recession, the Business Cycle Dating Committee of the National Bureau of Economic Research said yesterday.

NEW YORK - Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower, as the three-months incurred a 0.155% high rate, down from 0.175% the prior week, and the six-months incurred a 0.240% high rate, down from 0.265% the week before.

NEW YORK - The Treasury Department said it will auction $25 billion 56-day cash management bills on Wednesday, April 14.

NEW YORK - The Treasury Department said it will sell $26 billion of four-week discount bills tomorrow.

NEW YORK – It is too soon to determine the end of the recession, according to the Business Cycle Dating Committee of the National Bureau of Economic Research.

U.S. economic growth will remain moderate, which will keep jobless rates high, Federal Reserve Board vice chairman Donald Kohn said late Thursday.

The lessons learned from the Great Depression were useful in preventing "an even worse cataclysm" that could have resulted from the recent financial crisis, Federal Reserve Board chairman Ben Bernanke said last week.

NEW YORK – The lessons learned from the Great Depression were useful in preventing “an even worse cataclysm” that could have resulted from the recent financial crisis, Federal Reserve Board Chairman Ben S. Bernanke said late Thursday.

NEW YORK – U.S. Economic growth will remain moderate, which will keep jobless rates high, Federal Reserve Board Vice Chairman Donald Kohn said late Thursday.

The Treasury Department yesterday auctioned $13 billion of 29-year, 10-month bonds with a 4 5/8% coupon at a 4.770% high yield, a price of 97.692939.

The European Central Bank announced that its Governing Council held interest rates at current levels at yesterday's monetary policy meeting.

While the Federal Reserve has been laying the groundwork to allow it to raise interest rates when appropriate, the termination of special liquidity facilities "need not be followed in short order by the initiation of tightening measures," Fed governor Daniel K. Tarullo said yesterday.