Monetary Policy

Padoa-Schioppa- ECB "satisfied" by German promises

ITALY - European Central Bank executive board member Tommaso Padoa-Schioppa, in an interview published Friday, said the ECB was "satisfied" with the German government's promises to cut its budget deficit aggressively in an effort to bring it in line with…

Speech by Jack Guynn President Atlanta Fed, 25 Feb

SPEECH - Guynn said in the speech titled 'Thoughts on the Economy' that the coming economic recovery will be "a good deal more moderate" than after prior downturns, adding that he sees "considerable uncertainty" about the outlook for business investment…

Survey of Professional Forecasters

RESEARCH - The U.S. economy will rebound sooner rather than later, according to 35 forecasters surveyed by the Federal Reserve Bank of Philadelphia. The forecasters expect stronger growth over the next three quarters than they projected in the survey of…

Speech by Wim Duisenberg, ECB President, 25 Feb

SPEECH - In the speech titled 'China and the euro area in a global perspective' Duisenberg said confidence in most countries was shaken by the attacks on U.S. cities on 11 September, but the world economy has proved resilient and there are growing signs…

Bundesbank reform likely despite state fears

GERMANY - The German government's reform of the Bundesbank should take place on schedule in May, despite regional states' fear they will lose their power to shape policy in Europe's monetary union, an official said on Monday.

Polish c bank says early euro benefit to E Europe

POLAND - The early adoption of the euro by European Union accession countries will reduce economic turbulence in those nations and will not damage confidence in the single currency, Polish central bank governor Leszek Balcerowicz said on Monday.

Federal Reserve Bank of Philadelphia, News Release

NEWS RELEASE - The Federal Reserve Bank of Philadelphia today released its Business Outlook Survey for February. For the second month, responses from manufacturing firms indicate an increase in activity. However, employment is still reported to be in…

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