Governance

Meyer's book lifts lid on life inside the Fed

Former Federal Reserve governor Laurence Meyer's new book reveals some insights on life inside the Fed. This review says Meyer was advised against saying anything in a speech that might move financial markets. In the book, Meyer writes that Chairman Alan…

After Greenspan, Who?

Alan Greenspan has just begun another term as chairman of the Federal Reserve, but a number of new hirings suggests a deep pool of potential heirs is being assembled, this article says.

Interview with St Louis Fed's William Poole

In the interview "My goal for inflation is zero" published this week, St Louis Fed President William Poole talks about the central bank's need to stay ahead of the curve when it comes to rising prices. He also said he believes that Fannie Mae and Freddie…

Alan Greenspan is the man!

It's no surprise that President George W. Bush has asked Alan Greenspan to re-enlist for a fifth four-year term as chairman of the Federal Reserve, this article says, especially since Bush pledged to do so one year ago. Comparing Greenspan to four other…

ECB's new HQ begins to take shape

The construction of the new European Central Bank headquarters in Frankfurt moved one step closer this week with demolition work on the former site of the Grossmarkthalle (wholesale market) due to begin on Thursday 1 July.

Welteke settles for €25,000 fine

Ernst Welteke has agreed to pay 25,000 euros ($30,000)to charity to end a criminal probe into his conduct. Last week we reported his lawyers had rejected a demand of 50,000 euros saying the sum was "much too high".

Bundesbank board don't want new code of conduct

Some board members of the Bundesbank do not want to comply with a new code of conduct for the time being, following the scandal surrounding former president Ernst Welteke, and the latest one reportedly involving public money to build luxury villas for…

Germany draft Weder onto 'Five Wise Men' panel

German Chancellor Gerhard Schroeder's cabinet approved Beatrice Weder di Mauro, a university economist, as the first woman and first foreigner to join the government's council of economic advisers, the so called "Five Wise Men".

Zimbabwe's Gono ducks missiles on SA trip

Reserve Bank of Zimbabwe governor Gideon Gono was in South Africa this week to launch Homelink, a plan to encourage Zimbabweans living abroad to send home money through government channels. But the trip descended into chaos when Gono was booed by crowds…

Taiwan appoints new regulator chief

Taiwan has appointed Jaw Sheng Kong as chairman of the newly formed Financial Supervisory Commission. Kong, 48, is currently chairman of state-owned Taiwan Sugar Corp, said the Executive Yuan, the island's Cabinet.

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