TIAA-CREP'S FERGUSON ON THE ECONOMY,CIT'S STRUGGLE,AND THE FED

摘要

The second-quarter earnings season arrived with a bang in early July, with better-than-expected results from Goldman Sachs, Intel, and others. Amid all that, however, was an ominous sign that the financial crisis is not let -ting up: Faltering middle-market lender CIT Group wrangled with regulators about whether it should have access to the FDIC's temporary loan program. As the Federal Reserve raised its targets for 2010 growth, I caught up with Roger Ferguson, former vice-chairman of the Fed under Alan Greenspan and now CEO of retirement giant TIAA-CREF, with $350 billion in assets. I asked Ferguson for his thoughts on the economy, CIT, and Fed Chairman Ben Bernanke.