Philadelphia
Santomero on prospects for the U.S. economy for 05
In a speech on 'Prospects for the U.S. economy for 2005' given on 16 November, Anthony Santomero of the Federal Reserve Bank of Philadelphia said the U.S. economy is on course for a sustained period of moderate economic growth with low inflation.
Santomero says Fed's regional diversity important
Federal Reserve Bank of Philadelphia President Anthony Santomero made no comment on the economy or the outlook for interest rates at an event at the Philadelphia Stock Exchange on Monday 1 November but said the Fed's regional diversity helped ensure…
Interview with Philadelphia Fed's Santomero
In an interview published last Friday, 22 October, Philadelphia Fed President Anthony Santomero said that the Federal Reserve will be able to slow down the pace of interest rate rises if the economy grows less rapidly than it expects.
Philadelphia Fed Business Outlook Survey, Oct 2004
According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, October 2004, activity in the region's manufacturing sector continued to improve. In this months survey the participants were asked about their plans and expectations for…
Fed's Santomero on changes in US payments
In a speech on 'The Changing Pattern of Payments in the United States' given on 16 October, Anthony Santomero of the Federal Reserve Bank of Philadelphia discusses the current status of the U.S. payments infrastructure, how the roots and evolution of the…
US rates 'still simulative' says Fed's Santomero
Philadelphia Federal Reserve President Anthony Santomero said on Saturday 16 October that US interest rates remain simulative but as the expansion continues they should return to "more normal levels".
Philadelphia Fed Business Review, 3rd Quarter 2004
The Federal Reserve Bank of Philadelphia has published its regular Business Review for the Third Quarter 2004. In this issue President Santomero talks about 'Banking in the 21st Century'. There is also an article 'Managing the Recovery in Uncertain Times…
Fed's Santomero on inflation targeting
In a speech on 'Monetary policy and inflation targeting in the United States' given on 4 October, Anthony Santomero of the Federal Reserve Bank of Philadelphia said the U.S. economic recovery is on a self-sustaining track with little signs of undue…
Philadelphia Fed Business Outlook Survey, Sep 2004
According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, September 2004, activity in the region's manufacturing sector continues to improve. Although the indicator for general activity fell from its August reading, indicators…
Phil Fed's Survey of Professional Forecasters
The Federal Reserve Bank of Philadelphia has published its Third Quarter 2004 Survey of Professional Forecasters. Growth over the second half of the year looks a bit slower now than it did three months ago, according to participants in the Survey. The…
Philadelphia Fed Business Outlook Survey, Aug 2004
According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, August 2004, activity in the manufacturing sector continues to expand, but the pace of growth is slower than last month. However, participants' optimism for general…
Santomero on the U.S. economy: Back on course
In a speech 'The U.S. Economy: Back on Course' given on 21 July, Anthony Santomero of the Federal Reserve Bank of Philadelphia said the US economic expansion still has ample momentum and recent signs of softness should be transitory.
Philadelphia Fed Business Outlook Survey, Jul 2004
According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, July 2004, expansion in the region's manufacturing sector continues. This month the manufacturers were asked about increases in wages made to attract or retain workers.
Fed watching prices closely says Santomero
The Federal Reserve is closely watching price increases in various industries, Philadelphia Fed President Anthony Santomero said on US television.
Santomero on preparing for 21st century economy
In the speech 'Preparing for the 21st Century Economy' given on 22 June Anthony Santomero of the Federal Reserve Bank of Philadelphia said technological changes and increased globalisation have driven the US economy over the last decade and led to an…
Phil Fed's Survey of Professional Forecasters
The Federal Reserve Bank of Philadelphia published its Second Quarter 2004 Survey of Professional Forecasters on 24 May. The participants in the second quarter survey see steady rates for unemployment and real GDP growth for the year. Their estimates for…
Philadelphia Fed Business Outlook Survey, May 2004
According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, May 2004 activity in the region's manufacturing sector continues to expand. Indicators for employment and prices received were up from their April readings, the survey…
Santomero: Fed must be alert to inflation signs
Philadelphia Federal Reserve President Anthony Santomero said on Tuesday 18 May that the central bank must be mindful of further signs of inflation pressures, but can generally expect to raise rates at a "measured pace," as last stated by the FOMC.
Santomero on monetary policy and the economy
In the speech 'Monetary policy and the economy' given on 11 May Anthony Santomero of the Federal Reserve Bank of Philadelphia said US monetary policy is unlikely to turn "restrictive" as the Federal Reserve raises interest rates at "a measured pace" in…
Philadelphia Fed Business Review, 2nd Quarter 2004
The Federal Reserve Bank of Philadelphia has published its regular Business Review for the Second Quarter 2004. In this issue, President Santomero talks about the role of beliefs in economics and monetary policy. Other articles cover the benefits of…
Philadelphia Fed's Santomero on 21st C banking
In a speech on 'Banking in the 21st Century' given on 27 March, Anthony Santomero of the Federal Reserve Bank of Philadelphia said a new law this year will make it more efficient for banks to process the growing number of electronic payments, even as old…
Philadelphia Fed Business Outlook Survey, Mar 2004
According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, March 2004 activity in the region's manufacturing sector continues to improve.
Phil Fed's Survey of Professional Forecasters
The Federal Reserve Bank of Philadelphia published its First Quarter 2004 Survey of Professional Forecasters on 23 January. Prospects for economic growth look stronger now than they did just three months ago, according to the 32 forecasters surveyed.
Philadelphia Fed Business Outlook Survey, Feb 2004
According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, February 2004 activity in the region's manufacturing sector continues to expand although indicators for general activity, new orders, and shipments fell from their…