News
Feldstein for the Fed?
While Harvard University economist Martin Feldstein may have the best credentials to succeed Alan Greenspan as Federal Reserve chairman, this article published on Tuesday 11 October notes that he may also have the biggest liabilities.
Somalia's sacked central banker wants job back
Somalia's sacked central bank governor, Dr Mohamud Mohamed Ulusow, has called for international pressure to be put on the transitional government to give him back his job.
New Fed chief could be named in November
With the White House set to choose a successor to Federal Reserve Chairman Alan Greenspan soon, analysts have pencilled in November to mid-December as a likely time window for an announcement.
Interview with Nobel Prize winner Thomas Schelling
Prof. Thomas Schelling of the University of Maryland was recently awarded the 2005 Nobel Prize in Economics, along with Robert J. Aumann. Schelling was interviewed in the Spring 2005 issue of the Richmond Fed's Region Focus magazine. In the interview, he…
Bank of Israel's Stanley Fischer visits Riksbank
On Monday 17 October, the governor of the Bank of Israel, Stanley Fischer, will visit the Riksbank. Mr Fischer has previously held the position of First Deputy Managing Director of the International Monetary Fund, IMF.
Hoenig says Fed will do what it takes on inflation
Federal Reserve Bank of Kansas City President Thomas Hoenig said on Thursday 13 October that rising prices had placed the U.S. central bank on alert but it would take the necessary steps to keep inflation at bay.
Rato to attend GCC meeting in Jeddah
International Monetary Fund Managing Director Rodrigo de Rato will attend a meeting of the finance ministers and central bank governors from the six-nation Gulf Cooperation Council in Jeddah on 18 October.
Tanigaki sees oil 'biggest' worry for world econ
Surging oil prices are the biggest worry for the world economy and the Group of 20 rich and developing countries is set to discuss the issue, Japanese Finance Minister Sadakazu Tanigaki said on Friday 14 October.
BOJ's Fukui: Important to strengthen economic base
Bank of Japan Governor Toshihiko Fukui said on Friday 14 October that it is important to boost Japan's economic strength further to beat deflation and achieve sustained economic growth.
IMF's Rato announces travel plans
IMF Managing Director Rodrigo de Rato announced his intention to travel to China, Pakistan, Saudi Arabia and Belgium from 14-20 October.
Joint Eurosystem - Bank of Russia seminar
The Eurosystem - the European Central Bank and the national central banks of the euro area - and the Bank of Russia are holding their second joint seminar, which takes place from 12 to 14 October in Saint Petersburg.
Russian central banking project near completion
A two-year training project in the area of banking supervision in Russia, financed by the European Union, is coming to an end, the European Central Bank announced on Thursday 13 October.
Ireland's Hurley warns on productivity decline
John Hurley, governor, Central Bank and Financial Services Authority of Ireland, said in a speech on Thursday 13 October that European governments must hasten reforms in order to reverse a fall in productivity growth.
ECB's Garganas sees no need for rate rise
The European Central Bank sees no need to raise eurozone interest rates if area-wide inflation slows to less than 2.0 percent next year, governing council member and Greek central bank chief Nicholas Garganas said in a newspaper interview.
China's fin min cautions on yuan moves
Chinese Finance Minister Jin Renqing on Thursday 13 October rejected demands by the US for faster currency reform, saying China will liberalize the exchange rate in its own time and in line with its own interests.
Bank of England rate split 'behind us now'
Bank of England Monetary Policy Committee members Paul Tucker and David Walton differed over the outlook for inflation in testimony to lawmakers on Thursday 13 October.
Fed minutes suggest more rate rises
Minutes from the Federal Reserve's 20 September meeting were published on Tuesday 11 October. FOMC members believed more interest-rate increases would be needed to keep inflation down when they raised interest rates at their last meeting, the minutes…
Greenspan says flexibility crucial to economy
The ability of the US to weather a surge in energy prices is the latest example of how economic flexibility helps prevent serious recessions, Federal Reserve Chairman Alan Greenspan said on Wednesday 12 October.
Fukui says BOJ in critical period on policy
Bank of Japan Governor Toshihiko Fukui said on Wednesday 12 October that the BOJ was entering a critical phase for deciding an end to its ultra-loose monetary policy.
G7 meeting fixed for London on Dec 2-3
G7 finance ministers and central bank governors will hold a special meeting in London on 2-3 Dec, a UK Treasury spokeswoman said on Tuesday 11 October.
Proposed BOT Bill will increase authority
Thailand's Finance Ministry is currently considering the drafts of the Bank of Thailand Bill and the Currency Bill. If implemented, the new rules will broaden the BOT's authority to manage international reserves.
Snow calls on China to make yuan more flexible
U.S. Treasury Secretary John Snow called on China to continue with development of its financial markets on Wednesday 12 October, including a more flexible exchange-rate system.
US gains little by urging IMF to hound China
This recent article looks at comments by Tim Adams of the U.S. Treasury: that had the IMF used its power of "special consultations" with countries more often, it could now use moral suasion on China to make it accept a stronger yuan.
Sweden's Riksbank appoints new governor
The Riksbank General Council on Tuesday 11 October appointed Stefan Ingves to succeed Lars Heikensten as Governor of Sveriges Riksbank.