Philadelphia

Philadelphia Fed's Stone to attend FOMC meeting

The Philadelphia Federal Reserve Bank's second in command will participate in the US central bank's policy meeting next week, stepping in for retiring President Anthony Santomero, a spokeswoman said on Wednesday 22 March.

Phil Fed's Santomero on the U.S. economy

In the speech 'The U.S. economy: How fast can we grow?' given on 23 February Anthony Santomero of the Federal Reserve Bank of Philadelphia said the U.S. economy's long-run potential growth rate is about 3.0 percent, which is consistent with the Fed…

Philadelphia Fed Business Outlook Survey, Feb 2006

According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, February 2006, the pace of activity in the region's manufacturing sector picked up in February. The general activity index improved notably this month, and indicators for…

Philadelphia Fed Business Review, 3rd Quarter 2005

The Federal Reserve Bank of Philadelphia has published its regular Business Review for the Third Quarter 2005. The latest edition includes articles titled, The changing patterns of payments in the United States, The economics of asset securitization, and…

Phil Fed's Survey of Professional Forecasters

The Federal Reserve Bank of Philadelphia published its Fourth Quarter 2005 Survey of Professional Forecasters on 14 November. Growth in the current quarter looks slower now than it did just three months ago, according to the 51 forecasters surveyed.

Fed's Santomero: Lessons from business cycle

In the speech 'Lessons from our recent business cycle: A policymaker's perspective' given on 4 October Anthony Santomero of the Federal Reserve Bank of Philadelphia said the Fed will have to keep raising official interest rates to keep temporary price…

Fed's Santomero on the evolving role of the FOMC

In the speech 'The evolving role of the FOMC: An insider's perspective on monetary policy' given on 17 October Anthony Santomero of the Federal Reserve Bank of Philadelphia said the transition to a new Federal Reserve chairman will be a smooth one.

Santomero sees bounce back in US economy

Post-hurricane rebuilding will help the U.S. economy bounce back in 2006, Philadelphia Federal Reserve President Anthony Santomero said in comments published on Friday 30 September.

Phil Fed's Santomero on the evolution of payments

In the speech 'The evolution of payments in the US: Paper vs. electronic' given on 10 September Anthony Santomero of the Philadelphia Fed said credit and debit cards are rapidly replacing paper checks as the most popular means of payment in the United…

Philadelphia Fed's Santomero on economic outlook

In the speech 'Economic outlook' given on 31 August, Anthony Santomero of the Philadelphia Fed said the effects of Hurricane Katrina will cause economic dislocations in the short-term but will not derail the U.S. economic expansion.

Fed's Santomero on a consumer-driven expansion

In the speech 'The implications of a consumer-driven expansion' given on 13 July, Anthony Santomero of the Federal Reserve Bank of Philadelphia said the Federal Reserve is likely to continue tightening monetary policy at a measured pace, but it depends…

Phil Fed president recognized as global citizen

The Global Interdependence Center (GIC) has presented Dr. Anthony M. Santomero, president of the Federal Reserve Bank of Philadelphia, with its 2005 Global Citizen Award for his contributions to the global economy in the areas of public policy, business,…

Philadelphia Fed Business Review, 2nd Quarter 2005

The Federal Reserve Bank of Philadelphia has published its regular Business Review for the Second Quarter 2005. In this quarter's message, President Anthony Santomero shares his views on the U.S. economy and outlines some of the "Lessons learned from the…

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