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But Bernanke has been undeterred and has continued to pursue new strategies. They include a $400- billion initiative approved last find credit report Washington week to sell some short-term Treasury bonds in its portfolio and buy longer-term bonds in hopes of reducing long-term interest rates.

Raskin was one of six members of the Feds Open Market Committee that approved the plan, dubbed Operation Twist. Treasury bond rates rise after diving on Fed plan Fed seeks economic boost by shifting its bond mix GOP leaders urge Fed to back off from more stimulus Photo: Federal Reserve Gov. Credit: Federal Reserve Sales of newly built homes in the U.S. free credit report online

The August read on new home sales showed properties selling at a seasonally adjusted rate of 295,000, down 2.3% from a revised July rate of 302,000 and just 6.1% above August 2010, according to the Commerce Department.With job growth at a standstill, the stock market swinging wildly, Congress wrangling over the debt find credit report Washington ceiling and the euro zone’s problems sending consumer confidence down, sales of new homes are slipping from an already weak pace, Celia Chen, director of housing economics at Moody’s Analytics, wrote in find credit report Washington a note Monday morning. freecreditscore

New-home sales fell below the 300,000 mark in August and are nearing the cyclical (and 48-year) low of 278,000 that sales hit in August 2010. economist with IHS Global Insight, said that the trend for new home sales has been flat for the last 16 months. This find credit report Washington year is shaping up to be the worst year on record for new home sales, Newport wrote in a note. An estimated 162,000 newly built homes were on the market in find credit report Washington August, representing a supply ofa little more thansix months and two weeks. A supply of about six months typically represents a healthy market, so if sales do pick up in a meaningful way then new construction is likely to feel a boost. credit check report The median sales price of a new home, find credit report Washington which is the point at which half the new homes sold for more and half for less, fell nearly 9% to $209,100 in August.