Federal Reserve System
Geithner NY Fed diaries made public
The daily schedule of Tim Geithner, the US treasury secretary, during the final two years of his stint at the helm of the New York Fed has been released into the public domain.
Fed reveals Maiden Lane assets
In a bid to enhance transparency, and in doing so appease anger on the Hill, the Federal Reserve on Thursday released information about the assets it holds of American International Group (AIG), the beleaguered insurer, and Bear Stearns, a now-defunct…
Fed's Hoenig: no firm is too big to fail
Thomas Hoenig, the president of the Kansas City Federal Reserve, has said that no firm is too big to fail.
Markets bought Paulson "teaser freezer" plan
Research from the Richmond Federal Reserve shows that investors were initially optimistic that former US Treasury secretary Hank Paulson's so-called "teaser freezer" plan would improve economic conditions.
Bernanke stresses benefits of innovation
Ben Bernanke, the chairman of the Federal Reserve, has urged lawmakers to beware of regulating to prevent financial innovation, though he acknowledged that new products had to be transparent and understandable.
Boston Fed's Connolly on getting graduates to stay
Paul Connolly, the first vice president of the Boston Federal Reserve, has said that firms must do more to entice graduates to stay on in the area after their studies end.
Sack succeeds Dudley as NY Fed markets chief
Brian Sack, now a vice-president at Macroeconomic Advisers, a firm of economic forecasters, will replace William Dudley as head of the New York Federal Reserve's markets group.
Former Kansas Fed chief dies
Roger Guffey, the head of the Kansas City Federal Reserve from 1976 until 1991, has died.
Beige Book points to slowing downturn
The Federal Reserve's Beige Book, a survey of economic conditions compiled by the 12 regional Feds, has provided further evidence that the rate at which the United States economy is shrinking is falling.
Fed planning communication enhancements: reports
The Federal Reserve looks set to bow to political pressure and disclose more details of its various attempts to tackle the crisis, which have led to the central bank's balance sheet more than doubling in size.
US working on stress-test disclosure: report
Washington is working on proposals to disclose the results of its stress tests on the 19 biggest American banks, say reports.
Bernanke sees shoots of recovery
There are tentative signs that the sharp decline in economic activity may be slowing, said Ben Bernanke, the chairman of the Federal Reserve.
Blame technology for bankruptcies
Technological progress has a significant effect on the bankruptcy rate, a new paper from the Richmond Federal Reserve posits.
Bernanke: emergency aid will be repaid
The Federal Reserve's support facilities for specific institutions carry more risk than traditional central bank liquidity support, but we nevertheless expect to be fully repaid, said Ben Bernanke, the chairman of the central bank.
FOMC views differ on scale of asset purchases
Senior Federal Reserve officials disagree on the amount of Treasuries and mortgage-agency debt the central bank should buy, minutes of the last Federal Open Market Committee (FOMC) show.
Fisher hints at new anti-inflation tools for Fed
Richard Fisher, the president of the Dallas Federal Reserve, gave the clearest signal yet that the central bank will soon be handed new tools to counter the inflationary impact of its crisis-fighting measures.
Fed's Warsh: panic may have long-run impact
The panic that has marked the current financial and economic turmoil may also have long-run implications, said Kevin Warsh, a governor at the Federal Reserve.
Fed sets up sterling, yen, euro, franc swap lines
The Federal Reserve will be able to provide sterling, euro, yen and Swiss franc liquidity to banks with American operations after agreeing swap lines with the relevant monetary authorities.
Fed right choice for stability role: KC's Hoenig
The Federal Reserve must fill the role of financial-stability regulator, said Thomas Hoenig, the president of the Kansas City Fed.
Congress clamps down on Fed opacity
Pressure on the Federal Reserve to declare the recipients of its loans stepped up on Thursday after the Senate backed legislation which supports the outlawing of Fed borrowers' anonymity.
Fed bailout critic Stern to step down
Gary Stern, the president of the Minneapolis Federal Reserve and a vociferous critic of the Fed's recent bailouts, is to retire. He is the longest-serving senior Fed official.
Foreclosures a worry in NY state
The number of home mortgages in foreclosure in upstate New York continues to be a concern, notes a report from the New York Federal Reserve.
Long-run forecasts a good anti-deflation tool
The Federal Open Market Committee's new long-run inflation forecast reduces the chance of a deflationary spiral, a new paper form the San Francisco Federal Reserve posits.
Agenda set for derivatives industry
A meeting at the New York Federal Reserve on Wednesday of the major players in the over-the-counter derivatives market culminated in a four-point agenda for the industry.