Federal Reserve System
Plosser joins district criticism of Fed
Charles Plosser, the president of the Reserve Bank of Philadelphia, added his voice to a growing chorus of discontent from regional banks over the policies of the Washington-based Federal Reserve Board.
Can Sack fill Dudley's shoes?
Brian Sack will takes on a very different job from that of his predecessors at the NY Fed writes Claire Jones
CDS auctions improve settlement efficiency
Credit default swap (CDS) auctions have the potential to enhance the efficiency of settlement, new research from the New York Federal Reserve reveals.
Dallas's Fisher: do not politicise regional Feds
Richard Fisher, the president of the Dallas Federal Reserve called on US lawmakers not to "politicise" the central bank by taking a role in selecting the presidents of district banks.
Debt discharge no guarantee for a clean start
Debt discharges fail to generate a fresh start as intended by the law, new research from the Federal Reserve Board posits.
Policy rates should fall to -5%: SF Fed's Rudebush
The federal funds target would have to fall to -5% for the benchmark rate to be in line with the central bank's Taylor rule, a senior San Francisco Fed official has said.
St Louis Federal Reserve - Annual Report 2008
The current financial crisis has highlighted that certain activities are best performed by the public sector, said James Bullard, the president of the St Louis Federal Reserve, in the central bank's latest Annual Report.
Foreclosure policy should focus on unemployed
Foreclosure-reduction policy should focus on helping people who lose their jobs, new research from the Atlanta Federal Reserve suggests.
Unified regulatory architecture needed in the US
An influential group of academics, former government officials and business leaders has called for an overhaul of the rules for supervising United States financial markets and stressed the need for a more integrated regulatory structure.
Kohn defends Fed lending against "fiscal" charges
The Federal Reserve's efforts to halt a financial meltdown with lending programmes targeted at specific markets should not be construed as fiscal aid, Don Kohn, the vice chairman of the central bank, has claimed.
Hoenig moots Fed for bigger payments role
A lack of competition, concerns over integrity and the existence of externalities in the payments sector justify a greater role for the Federal Reserve in the industry, Thomas Hoenig, the president of the Kansas City Fed, has said.
Fed's Rosengren bets on slow recovery
The unusual features of the current recession point to a slow recovery, Eric Rosengren, the president of the Boston Federal Reserve, has said.
Greenspan: we're still on the edge
Alan Greenspan, a former chairman of the Federal Reserve, has warned that American banks need to raise a lot more capital before the financial crisis can end.
Fed wants to stay silent on borrower details
The Federal Reserve will continue to resist calls by lawmakers to name and shame the recipients of central bank aid, Federal Open Market Committee minutes suggest.
A feast of books on the crisis
Robert Pringle and Hugh Sandeman review the first wave of books on the current global financial crisis
Getting systemic risk regulation right: an agenda for the US
Robert Litan says systemic regulation can be done, and sets out who should do it in the United States – and how
Fed aids Treasury in toxic-asset removal
To support the Treasury's plan to rid banks of toxic assets, the Federal Reserve on Tuesday said that it will take some mortgage-backed securities on to its books from July.
Minneapolis Fed puts downturn in perspective
The Minneapolis Federal Reserve has produced a series of charts comparing the current recession with other downturns in the United States in the post-war period.
Income distribution impacts the economy
Movements in the distribution of income can have a significant impact on the macroeconomy, a new paper from the St Louis Federal Reserve posits.
BIS data show derivatives market contracting
The rapid growth of the derivatives market reversed in the wake of the collapse of now-defunct investment bank Lehman Brothers - an event which revealed the fragility of the industry - data from the Bank for International Settlements (BIS) out Tuesday…
Fed outsources in-house cheque images system
The Federal Reserve has decided to migrate its archive of cheque images to a private provider in an effort to reduce costs.
More payment systems caused cheque decline
The decline in cheque use occurred mainly via an increase in the number of payment instruments per consumer, a new paper from the Boston Federal Reserve reveals.
Stanford's Taylor warns of balance-sheet threat
John Taylor, a former Federal Reserve economist now a professor at Stanford, has told lawmakers that the expansion of the Fed's balance sheet risks exacerbating inflation.
Changing patterns of wealth and income in the US
The Federal Reserve has produced a paper examining the distribution of wealth and income and their joint properties, based on data from the 1989-2007 Surveys of Consumer Finance.