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Central Banks

Speech by M Moskow, President, Chicago Fed, 21 Aug

SPEECH - Moskow said in a speech titled 'Economic Outlook' that "the Fed cannot - and should not - try to smooth out every bump," and warned that the path back to the economy's potential growth rate could be rocky. Moskow, who is not a voting member of…

Yugoslav bank chief rejects Montenegrin proposal

YUGOSLAVIA - Yugoslav National (central) Bank (NBY) Governor Mladjan Dinkic said on Wednesday that the proposal by the Montenegrin central bank governor regarding payments operations with Serbia was a step backwards from the earlier NBY proposal for…

RBI to use post offices for coin distribution

INDIA - The Reserve Bank of India is planning to distribute coins in exchange of currency notes through post offices and even railway counters, the Hindu newspaper reports. The decision is part of its efforts to bridge the gap between excess demand from…

Speech by Robert Parry, San Francisco Fed, 21 Aug

SPEECH - In a speech titled 'The Economic Outlook for the Nation and the Region: A Monetary Policymaker's View' Parry, who is a non-voting member of the Fed's policy committee, said "the Fed's monetary policy stance is quite stimulative right now, and I…

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