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September 21, 2009 at 08:00 PM
This week as we officially head into autumn, various Congressional bodies hold hearings on items that loom large on the President’s domestic agenda, like healthcare reform and even financial services reform. But the big market-moving news during the week is likely to come from two meetings.
The first is the Fed Open Market Committee, which meets on Tuesday and Wednesday, September 22 and 23, in Washington. Last week, Fed Chairman Ben Bernanke spoke at the Brookings Institution and, in an address that looked back over the past tumultuous year, suggested that the recession in the U.S. was “very likely over.”
An interesting OpEd in the Sunday New York Times addresses those comments, the Fed’s role in the financial crisis, and suggests how regulatory reform should be shaped
The second big meeting is that of the G-20 nations in Pittsburgh on Thursday and Friday, September 24 and 25. The United States is pushing a plan to help stimulate growth worldwide (to register for a Webinar on Brookings’ take on the meeting, click here).
