Archive for May 28th, 2008
Fed's Stern Says Inflation Expectations Based on How Fed Raises Rates
Wednesday, May 28th, 2008Minneapolis Fed President Gary Stern has said on Wednesday that
inflation expectations will be determined by how the
Federal Reserve lifts rates.
On housing, Stern has said the housing downturn looks
more severe than the 1990s shock, noting that the residential housing
inventory remains large and the housing adjustment is ongoing…
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Fed Governor Mishkin Resigns Post
Wednesday, May 28th, 2008Federal Governor Frederic S. Mishkin submitted his
resignation today to President George W. Bush. Mishkin will be
leaving his post on Aug. 31, 2008.
Mishkin has been a member of the board since Sept. 5, 2006. Mishkin’s
term was set to expire on Jan. 13, 2014.
Mishkin has has said that he will be…
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NAR and DOJ Reach 10-Year Settlement of MLS Anti-Trust Suit
Wednesday, May 28th, 2008The United States Department of Justice (DOJ) announced on Tuesday that it had
reached a proposed settlement with the National Association of Realtors
(NAR) to end a long-simmering dispute over the use of multiple
listings on the Internet.
The basis of the dispute and an eventual anti-trust lawsuit against NAR filed in 2005 was what DOJ
called “policies and related rules that obstructed real estate brokers
who use innovative Internet-based tools to offer..
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