Federal Reserve System
How to unblock the credit markets
Cutting interest rates is increasingly ineffective. Central banks need to create market-making windows, argues Ronald McKinnon
Three essential questions for reforming finance
Barack Obama should appoint a commission to investigate what went wrong and guard against quick fixes, says Eugene White
Shell shocked: American finance in crisis
A legislative overhaul is coming. Robert Litan says a renewed focus on market discipline and the consolidation of regulatory authority are the priorities
New tools for central bankers?
The financial crisis has provided an opportunity to test the usefulness of new and previously unused policy instruments, argues Christopher Ragan
Forum: Tackling asset-price bubbles
Central Banking asked a select panel of former central bankers and advisors if the current crisis calls for a reevaluation of the policy response to asset prices
Would-be investors scarred by banking crises
Systemic banking crises have a severe impact on behaviour, finds a new paper form the Chicago Federal Reserve.
Fed's Plosser on crisis measures
Charles Plosser, the president of the Federal Reserve Bank of Philadelphia, discusses the Fed's dramatic departures from textbook central banking during the crisis.
Don't forget inflation - Richmond's Lacker
Federal Reserves monetary policy needs to remain consistent and not allow inflation to accelerate over the business cycle, said Jeffrey Lacker, the president of the Richmond Federal Reserve.
Commodities have small impact on US inflation
The effects of crop and energy price movements on US inflation are smaller than commonly thought, finds a new paper from the New York Federal Reserve.
New York Fed starts search for Geithner successor
The New York Federal Reserve has set up a panel to search for a successor to Tim Geithner, the current president of the central bank who was last week announced as the new treasury secretary.
Fed governor on small business credit
Small businesses face difficulties in accessing credit, while at the same time credit demand from small business has declined, said Randall Kroszner, the governor of the Federal Reserve responsible for supervision.
Korea dips into Fed facility
The Bank of Korea is to tap the Federal Reserve for $4 billion as part of its $30 billion swap arrangement agreed at the end of last month.
Fed looks to boost lending by financing loans
The Federal Reserve on Tuesday looked to bolster bank lending by pledging to lend up to $200 billion against highly-rated securities backed by new consumer and business loans.
Fed's Bullard sounds knell on rate moves
With the effective federal funds rate trailing the Fed's target by more than 60 basis points and interbank spreads for longer-term loans remaining well above pre-crisis levels, one of the regional Federal Reserve presidents has acknowledged further rate…
UK houses price to fall: Fed
House prices in the United Kingdom will fall considerably in the near- to medium-term, finds a new paper from the Federal Reserve Board.
Rules must match lenience of lending: Fed's Lacker
A critical policy challenge in the aftermath of the credit crisis will be to re-establish the boundaries of central bank lending, said Jeffrey Lacker, the president of the Richmond Federal Reserve.
Boston Fed covers global imbalances
The Boston Federal Reserve has published a new e-book on global imbalances.
Fed's Kohn unconvinced rates should burst bubbles
The Federal Reserve's vice-chair believes it is still wrong for monetary policy to aim at bursting asset price bubbles despite events since last summer.
Fed's Hoenig wants rules for Wall Street failures
A clear set of rules for handling investment bank bankruptcies is needed, said Thomas Hoenig, the president of the Kansas City Federal Reserve.
Bernanke "ready to take additional steps"
Ben Bernanke, the chairman of the Federal Reserve, says policymakers around the world will remain in close contact as "challenges remain for the global economy."
Historic shift for financial sector - Fed's Warsh
We are witnessing perhaps the fastest, most significant structural shift in the history of the financial services sector, said Kevin Warsh, a governor at the Federal Reserve.
US inflation not persistent
A new paper from the Bank of Mexico finds that in the post-second world war period United States inflation has not proven persistent.
Great Depression was different - St Louis Fed
Policymakers must remember that circumstances very different to those that led to the Great Depression had triggered the current crisis, research from the St Louis Federal Reserve states.