Philadelphia

Philly Fed payments VP wins promotion

Arun Jain, a vice president at the Philadelphia Federal Reserve's retail payments department, will become a senior vice president after nearly 30 years of working within the Fed system.

Fed's Plosser stays hawkish on rates

Charles Plosser, the president of the Philadelphia Federal Reserve and a voting member of the rate-setting Federal Open Market Committee (FOMC), hinted that he would back a rate hold when the committee meets later this month.

FOMC members disagree on risks to growth

Stock markets around the world rose sharply on Wednesday after Donald Kohn, the vice chairman of the Federal Reserve, suggested that the Federal Open Market Committee (FOMC) would cut rates in December. Kohn's comments differ sharply from those made by…

Shift to e-payments leads to Fed job cuts

The US Federal Reserve reductions in cheque processing is likely to result in more than 210 jobs being cut at the Minneapolis Fed, as consumers shift from paper checks to electronic payments.

Phil Fed's Survey of Professional Forecasters

The Federal Reserve Bank of Philadelphia published its Second Quarter 2007 Survey of Professional Forecasters on 14 May. The outlook for core inflation looks about the same now as it did three months ago, according to 53 forecasters surveyed.

Philadelphia Fed Annual Report 2006

The Federal Reserve Bank of Philadelphia's Annual Report 2006 tells the story behind the Bank's role in the largest consolidation of the Federal Reserve's check processing operations to date.

Plosser on price stability and social welfare

In the speech 'Price stability and social welfare' given on 16 April Charles Plosser of the Federal Reserve Bank of Philadelphia said although the Fed is much more transparent than at any time in its history, it is arguably less transparent than a number…

Plosser says committing to policy goal important

Federal Reserve Bank of Philadelphia president Charles Plosser said on Tuesday 10 April that committing to a policy goal and providing more information about the central bank's aims would help keep inflation expectations in check.

Phil Fed paper on competitive effects of Basel II

Analyzing the potential competitive effects of the proposed Basel II capital regulations on U.S. bank credit card lending, the authors of the Philadelphia Fed Working Paper "Competitive effects of Basel II on US bank credit card lending" find that bank…

Philadelphia Fed's Plosser on the yield curve

In the speech 'What can we expect from the yield curve?' given on 23 March Charles Plosser of the Federal Reserve Bank of Philadelphia said the spread between yields on short- and long-dated government securities may remain narrow in the future due to…

Philadelphia Fed Business Review, 1st Quarter 2007

The Federal Reserve Bank of Philadelphia published its Business Review for the First Quarter 2007 on 20 March. In the article "Trade deficits aren't as bad as you think," George Alessandria offers an alternative view to the mainstream: Trade deficits…

Phil Fed's Plosser on credibility & commitment

In the speech 'Credibility and commitment' given on 6 March Charles Plosser of the Federal Reserve Bank of Philadelphia said that providing more information about the central bank's policy goals could help keep inflation expectations in check and give…

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