Federal Reserve System
NY Fed’s Tracy: 'Great Recession' distinguished by severity
New York Federal Reserve executive vice-president Joseph Tracy says moniker of Great Recession attributed to severity not length of downturn
Fed, Greenspan blamed for crisis by bulk of crisis commission
Six of ten members point finger at weak regulation and lack of awareness as to the goings-on in markets as causes of the crisis; four dissent, saying under-regulation claims overstated
Global supervisors gather at NY Fed for OTC meet
Regulators and supervisors head to Liberty Street for eighth OTC derivatives gathering
Fed funds rate falls short: Kansas City Fed paper
Kansas City Federal Reserve study says interest rate for reserves may play larger role in Fed’s monetary policy exit plan than fed funds rate
Volcker steps down as economic adviser to Obama
President Obama announces departure of former Fed chair Paul Volcker from Economic Recovery Advisory Board; appoints General Electric's Jeff Immelt as head of new Council on Jobs and Competitiveness
Richmond Fed’s Lacker on economic outlook for 2011
Richmond Federal Reserve president Jeffrey Lacker says recovery has emerged from soft patch and will grow above trend in 2011
Central Banking’s advisory board adds Stern, Sheng, Heikensten
Gary Stern, Andrew Sheng and Lars Heikensten join Central Banking Publications’ editorial advisory board
FSoC draws up Volcker rule plan
Financial Stability Oversight Council recommends rules to expand scope, force disclosure of permitted hedge fund investment
Philly Fed’s Plosser on limitations of monetary policy
Philadelphia Federal Reserve president Charles Plosser warns active use of monetary policy will not stabilise economy
FSoC moots amendments to 'too big to fail' law
Financial Stability Oversight Council suggests changes in accounting standards, language of reform law barring firms from holding more than 10% of industry’s total liabilities
Fed sets up diversity and inclusion offices
Federal Reserve opens diversity and inclusion offices across the country in bid to step up equal employment opportunities in federal agencies
NY Fed paper highlights discount window stigma
New York Federal Reserve study finds evidence of stigma attached to bank lending when accessing funds from discount window during crises
FOMC 2005 transcripts: Bernanke, Hoenig called for long-term inflation targets
Federal Reserve chairman Ben Bernanke and Kansas Fed president Thomas Hoenig shown making a case for inflation targets in 2005 central bank meetings
NY Fed paper investigates decline in adjustable-rate mortgage
New York Federal Reserve says supply-side factors explain decline in market share of adjustable-rate mortgages in recent years
Boston Fed’s Rosengren parries inflationary fears
Boston Federal Reserve president Eric Rosengren says latest quantitative easing programme is not inflationary
Research underestimates probability of reaching zero bound: San Francisco Fed
San Francisco Federal Reserve paper says probability of hitting the zero lower bound of interest rate is often underestimated in economic research
Federal Reserve – Beige Book (January 2011)
Reports from twelve districts identify slight improvement in labour markets
Fed uncooperative and audit insufficient, claims influential senator
US senator Bernie Sanders dissatisfied with Federal Reserve’s response to further questions on audit of emergency lending facilities
Fed profits soar to record $80.9 billion
Federal Reserve posts another record profit, trumping 2009 by $27.5 billion; paves the way for $78.4 billion transfer to US Treasury
Labour market essential component of recovery: NY Fed’s Tracy
New York Federal Reserve executive vice-president Joseph Tracy says shape of US economic recovery relies on labour market improvements
It's the forest stupid
Dodd Frank fails to deal with systemic risk, former chairman of the Federal Deposit Insurance Corporation William Issac argues
What Basel III means to us
The Basel Committee on Banking Supervision published the final text of Basel III on December 16, which introduces new minimum capital requirements, two liquidity ratios, a charge for credit value adjustment and a leverage ratio, among other things. Risk…
QE2 will create jobs, Yellen tells critics
Federal Reserve vice-chair Janet Yellen says further quantitative easing will address weak labour demand and generate roughly 700,000 jobs
Unemployment to weaken recovery: Bernanke
Federal Reserve chairman Ben Bernanke says moderate economic recovery is likely to keep unemployment high