Federal Reserve System
Fed's Pianalto defines inflation
Sandra Pianalto, the president of the Cleveland Federal Reserve, has clarified the difference between relative-price pressures and inflation.
Regulation should aim to burst bubbles
Frederic Mishkin, a governor at the Federal Reserve, has acknowledged that the Fed should consider responding to asset price bubbles - a move that would contravene a tenet of the Greenspan-era institution.
NY Fed's Dudley on the crunch's causes
The recent market turmoil has been driven by two developments, says William Dudley, an executive vice president of the New York Federal Reserve.
Avoiding the deflation trap: three lessons from Japan
The Fed appears to have learned from Japanese monetary-policy mistakes of the early 1990s. But it could still find itself overwhelmed by events, argues Takeo Hoshi
Investment bank regulation after the Bear rescue
Dwight Jaffee and Mark Perlow assess the impact of the Bear Stearns rescue and outline steps to prevent something similar happening again
Profile: Randall Kroszner
Malan Rietveld talks to the Fed’s leading man on regulation and asks him about the links between his academic work and policymaking
Fed should have spoken out on housing bubble
The Federal Reserve should have done more to alert American consumers to the bubble in the real estate market, Robert Shiller, an economics professor at Yale, said in an exclusive interview with Central Banking, published on Thursday.
Crisis shows need for capital cushions: Bernanke
The recent turmoil underscores the importance of generous capital cushions for protecting against adverse conditions in financial and credit markets, Ben Bernanke, the chairman of the Federal Reserve, noted.
Fed's Rosengren on risk management
The recent financial turmoil has highlighted both the benefits and the challenges associated with pursuing risk management, Eric Rosengren, the president of the Boston Federal Reserve, said.
Can disclosure damage supervision?
The latest edition of the Richmond Federal Reserve's Economic Quarterly discusses whether supervisors should disclose information about the banks they assess.
Bernanke cautiously upbeat on liquidity
Ben Bernanke, the chairman of the Federal Reserve, signalled on Tuesday that he believed liquidity conditions in the US were slowly returning to normal.
Richmond Federal Reserve - Annual Report 2007
Following the retirement of the oldest members of the so-called "baby-boomer" generation, the Richmond Federal Reserve has taken the opportunity to ask if US citizens are saving enough.
No FX intervention in Q1 - NY Fed
The US monetary authorities did not intervene in foreign-exchange markets during the first quarter of 2008, the New York Federal Reserve said in its quarterly report to Congress.
St Louis Federal Reserve - Annual Report 2007
A retrospective conversation with William Poole, the outgoing president of the St Louis Federal Reserve, is one of the highlights of the institution's latest annual report.
Monetary policy accommodative: Fed's Evans
Charles Evans, the president of the Chicago Federal Reserve, has hinted that US interest rates are now low enough.
Bernanke wants Fed to pay interest on reserves
Ben Bernanke, the chairman of the Federal Reserve, wants to pay interest on banks' reserves to stop interbank charges falling below the federal funds rate.
NZ eases rules to ward off turmoil
The Reserve Bank of New Zealand has relaxed its collateral rules as a precaution against further tumult in global financial markets.
BIS starts Americas council
The Bank for International Settlements (BIS) has established a forum aimed at facilitating debate between the Basel-based institution and policymakers in the Americas.
Challenging idols won't win fans: Fed's Hoenig
Regulatory reform is likely to prove a desperately unpopular task for the Federal Reserve, Thomas Hoenig, the president of the Kansas City Fed, noted.
Fed has little control over rates
The Fed's ability to control short-term interest rates may be greatly exaggerated, research published by the St Louis Fed suggests.
Federal Reserve - Annual Report 2007
Policymakers expect US inflation to moderate in 2008 and 2009, with expectations remaining reasonably well anchored in spite of the recent pick-up in price growth, the Fed's annual report states.
Fed moves to protect borrowers
The Federal Reserve has proposed a raft of measures to clamp down on unscrupulous lenders and strengthen consumer rights.
Limiting foreclosures essential: Bernanke
Ben Bernanke, the chairman of the Federal Reserve, has called on both the public and private sector to do everything they can to limit preventable mortgage foreclosures.
Central banks announce third wave of joint action
In a clear message that the credit crisis is far from over, three leading central banks announced a further series of liquidity injections in a bid to restore money market spreads to normal levels.