Federal Reserve System
Fed welcomes SWF investment
Scott Alvarez, the general counsel of the Federal Reserve, has told the US Senate that the central bank welcomed investments by foreign sovereign wealth funds in American banks and financial institutions.
Interest rate gap too large, says France
Christine Lagarde, the French minister of finance, has issued a guarded warning to the European Central Bank (ECB) not to raise rates.
San Francisco's Rudebusch on future of regulation
In this Fed Review, published by the Federal Reserve Bank of San Francisco, Glenn Rudebusch, a senior vice president at the central bank, discusses recent initiatives by the Fed to promote liquidity and tackle ongoing problem in credit markets.
Fed would examine SWF bank takeovers
The Federal Reserve would investigate any sovereign wealth fund taking a controlling interest in a US bank, Scott Alvarez, the general counsel at the central bank, said.
Does good governance improve performance?
Research published by the Philadelphia Federal Reserve finds no statistically significant relationship between a central bank's organisational structure and its performance.
Fed's Plosser on the benefits of education
Education is critical to the long-run well-being of our economy and everyone who participates in it, said Charles Plosser, the president of the Philadelphia Federal Reserve.
Fed's Kohn calls for tighter regulation
A relaxation in banking supervision has contributed to the current turmoil by altering the nature of risk, Donald Kohn, the vice-chairman of the Federal Reserve, said in a call to strengthen rules for investment banks.
Fed dissenter warns against "inflation remedy"
Richard Fisher, the president of the Dallas Federal Reserve and a voting member of the Federal Open Market Committee (FOMC), has said that he remains strongly reluctant to cut rates.
Dallas Federal Reserve - Annual Report 2007
Turning away from globalisation's call risks squandering a golden opportunity, writes Richard Fisher, the president of the Dallas Federal Reserve, in his opening letter at the start of the institution's 2007 annual report.
Latest Beige Book makes grim reading
The April edition of the Federal Reserve's Beige Book, a summation of economic conditions in the US based on reports from the 12 regional Feds, signals that events in the financial markets are beginning to have a marked impact on the real economy.
Old Lady could relax collateral rules
The Bank of England may swap mortgage-backed securities for government bonds to ease tensions in sterling money markets.
Former NY Fed chief to author report on crunch
Gerry Corrigan, a former head of the New York Federal Reserve now a managing director at Goldman Sachs, an investment bank, is to lead a study on the current turmoil.
Private sector must revive its central role
US credit markets will only begin to recover once the private sector reclaims its role in providing liquidity from the Federal Reserve, Kevin Warsh, a governor at the central bank, predicted.
No need to change disclosure rules
Disclosure practices may be enhanced without amending existing rules, a survey conducted by leading global regulators has found.
Financial literacy crucial - Bernanke
US states should consider making personal finance a requirement for all students who seek a high-school diploma, said Ben Bernanke, the chairman of the Federal Reserve.
Fed minutes point to moderate easing
The latest Federal Reserve minutes suggest that the period of rapid monetary policy easing that started in late January may be over and could be replaced by a return to a more conventional, gradualist approach.
Fed's Yellen sees economic up-tick
Monetary easing and fiscal stimulus will boost US growth in the coming quarters, said Janet Yellen, the president of the San Francisco Fed.
Politicians ask Fed to clarify Bear deal
A high-ranking American politician has issued a strongly worded request for more details about the arrangement the Federal Reserve struck with BlackRock, an asset management firm, to manage a $29 billion portfolio of assets from Bear Stearns following…
Fed's Kroszner: subprime lessons for Latin America
Latin America is not decoupled from the US and the rest of the world. It is increasingly connected through global capital flows and capital markets, said Randall Kroszner, a governor of the Federal Reserve.
Communication reinforces commitment: Fed's Mishkin
Communication which increases transparency and accountability can play a key role in helping central banks demonstrate commitment to a nominal anchor, said Frederic Mishkin, a governor of the Federal Reserve.
Bernanke voices US growth concerns
Ben Bernanke, the chairman of the Federal Reserve, warned that the country's economy was unlikely to grow much, if at all, this year, and "might even contract slightly".
We had no choice, Bernanke tells lawmakers
The Federal Reserve had no choice but to intervene and put taxpayers' money at risk earlier this month by backing a fire sale of the assets of Bear Stearns, a leading American investment bank, its chairman said on Wednesday in testimony before US…
Fed's new subprime and alt-A maps
The Federal Reserve System will publish maps updated monthly to illustrate the state of subprime and alt-A mortgage loans across the United States.
Kansas City's subprime loan record
Subprime borrowers in the 10th district are having difficulties with payment delinquencies running above the national average, according to a recent report by the Federal Reserve of Kansas City.