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Federal Reserve System

Fed investigated Lehman whispers - WSJ

The Federal Reserve called up Credit Suisse, a bank, on the back of rumours that it had closed a credit line to Lehman Brothers, an investment bank, the Wall Street Journal said Thursday.

Fed hawk Fisher softens stance

Richard Fisher, the president of the Dallas Federal Reserve and the lone dissenter on the last two Federal Open Market Committee (FOMC) votes, has acknowledged that slowing growth and a slump in commodity prices may stem inflation.

Crime and the city

Arrests follow crime, but an increase in arrests does not necessarily lead to a decrease in crime, finds a new paper from the Federal Reserve of St Louis.

High demand for longer-term Fed funding

The results of the Federal Reserve's first Term Auction Facility (TAF) operation to offer 84-day credit highlight the banking sector's demand for longer-term financing.

US inflation and unemployment to rise: poll

US economic growth in 2008 will be slower than in 2007, with inflation staying high and unemployment rising, according to a survey of participants at the Chicago Fed's annual Automotive Outlook Symposium.

New York Fed names new IT systems head

William Christie, the director of information systems at Commerce Bank, will join the New York Federal Reserve as an executive vice-president and head of the automation and system services group.

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