Federal Reserve System
De Grauwe fears beggar-thy-neighbour policies
A lack of coordination between the world's leading central banks in the current crisis raises concerns over a return to beggar-thy-neighbour policies, a leading European economist has argued.
NY Fed's Dudley: deleveraging not over
The deleveraging process in the global financial system is still far from complete, said William Dudley, the president of the New York Federal Reserve.
AIG loan difficult and uncomfortable: Fed's Kohn
The Federal Reserve's rescue of American International Group has entailed very difficult and uncomfortable decisions for a central bank, Donald Kohn, the vice-chairman of the Fed, told Congress on Thursday.
It's his way or the highway for Bernanke
Ben Bernanke, the chairman of the Federal Reserve, will travel to his hometown of Dillon, South Carolina, over the weekend to see an interchange renamed in his honour.
ICE's CDS clearing plan gets Fed's approval
The Fed has accepted a bid by ICE Trust - an amalgam of an exchange operator, a provider of clearing services and eight banks - to run a central counterparty and clearing house for the global credit-default-swap (CDS) market.
Name and shame borrowers: senator tells Fed
Bernie Sanders, a senator representing the state of Vermont, has blasted Ben Bernanke, the chairman of the Federal Reserve, for refusing to disclose the recipients of Fed funds.
Unconstitutional Fed aid a threat to independence
The Federal Reserve risks incurring the wrath of Congress and limiting its independence with its credit policy, Jeffrey Lacker, the president of the Richmond Federal Reserve and a voting member of the Federal Open Market Committee, has warned.
Fed forced to drop tough loan rules to save AIG
The Federal Reserve has had to relax the terms of its support to American International Group (AIG) in its latest bid to save the world's largest insurer.
Cut out the toxic assets: Fed's Rosengren
Banks' toxic assets urgently need to taken off their balance sheets, Eric Rosengren, the president of the Boston Federal Reserve, has said.
Fed's TSLF fulfils its functions
Federal Reserve's Term Securities Lending Facility (TSLF) is effective in improving market liquidity, finds a new paper form the New York Federal Reserve.
Sovereign risk exacerbates procyclicality
The risk premium associated with the possibility of sovereign default plays a key role in the procyclicality of fiscal policy in emerging economies, finds a new paper from the Richmond Federal Reserve.
Reducing foreclosures essential - Fed's Duke
We need to strengthen and augment our efforts to reduce preventable foreclosures, said Elizabeth Duke, a governor at the Federal Reserve.
BoE's Tucker: end bickering over CDS clearing
Paul Tucker, the soon-to-be deputy governor responsible for financial stability at the Bank of England, has called on officials to stop feuding over plans to create a central counterparty for credit default swaps (CDS).
Washington talks down nationalisation
Some of the main players in the United States's plans to fix the financial sector have been playing down the likelihood of nationalisation in recent days.
Fed site looks to clarify balance-sheet growth
The Federal Reserve has launched a new section of its website to explain why its balance sheet has doubled since the beginning of the crisis.
NYFed hosts CDS powwow
The Federal Reserve Bank of New York has hosted a meeting of global regulatory authorities for credit-default swap central counterparties as part of a new concerted effort to formalise the trading and processing arrangement for the market.
Lessons from Japan
Thomas Cargill analyses what the American authorities can learn from Japan’s lost “decade and a half”
Interview: Kenneth Rogoff
The former chief economist of the IMF tells Malan Rietveld that central banks know how to generate inflation if needed and that there are bigger problems than deflation to be worried about
Interview: Paul De Grauwe
The major central banks have responded differently to the global financial and economic crisis, threatening a return to beggar-thyneighbour policies, Paul De Grauwe tells Malan Rietveld
Fed gloomy on 2009, more bullish on 2010 and 2011
The Federal Reserve has reduced its forecast for economic growth this year, but has upgraded its projection for 2010 and 2011.
Greenspan: nationalise but protect bondholders
Alan Greenspan, a former Federal Reserve chairman regarded as one of the foremost proponents of free markets, has conceded that some American banks may need to be nationalised.
What moves the yield curve?
The monetary policy response to the inflation gap impacts the yield curve, says a new research form the Kansas City Federal Reserve.
Fed rate board to get more time to talk
The Federal Open Market Committee's (FOMC) policy meetings for the rest of 2009 will take place over two days to allow more time to discuss the ills of the US economy.
Look to Stockholm for bailout tips: Cleveland Fed
A Cleveland Federal Reserve study has urged officials to follow Sweden's lead in resolving the financial crisis.