Federal Reserve System
Central banks face rising pressure from politician
According to this article published on the International Herald Tribune's website on Monday 19 February, political pressure is intensifying on central banks.
Philadelphia Fed Business Outlook Survey, Feb 2007
According to the firms surveyed for the Philadelphia Fed's February 2007 Business Outlook Survey, activity in the region's manufacturing sector was mostly steady this month.
Fed's Poole says no reason to change rates now
St Louis Federal Reserve president William Poole said on Thursday 15 February that there was no reason at the moment for the U.S. central bank to change interest rates.
ECB paper on market responses to policy decisions
The ECB Working Paper "Using intraday data to gauge financial market responses to Fed and ECB monetary policy decisions" examines bond and stock market volatility reactions in the euro area and the US following their respective economies' monetary policy…
Fed turnover creates challenges
According to this article published by USA Today on Monday 12 February, Ben Bernanke faces new challenges at the Federal Reserve with the departure of key officials.
Bernanke on the semiannual monetary policy report
In testimony to Congress given on 14 February Ben Bernanke of the Federal Reserve said the Fed was still debating how to improve its communication skills, and insisted that there was yet room for improvement.
Federal Reserve's Monetary Policy Report, Feb 2007
The Federal Reserve published its February 2007 Monetary Policy Report to the Congress on Wednesday 14 February. Ben Bernanke told Congress that the US economy should grow modestly this year and he maintained the Fed's forecast that inflation will…
Bernanke in a democratic lion's den
According to this article from Dow Jones, published Tuesday 13 February, Federal Reserve chairman Ben Bernanke will hope not to become a snack this week when he walks into a Democratic lion's den.
Phil Fed's Survey of Professional Forecasters
The Federal Reserve Bank of Philadelphia published its First Quarter 2007 Survey of Professional Forecasters on 13 February. Two measures of core inflation in the U.S. economy will decelerate in 2007 and hold nearly steady over the following two years,…
Cleveland Fed's new Head of Banking Supervision
Stephen Jenkins has been appointed senior vice president responsible for the banking supervision function at the Federal Reserve Bank of Cleveland, effective 1 March 2007.
Atlanta Fed names Lockhart as new president
The Federal Reserve Bank of Atlanta announced Thursday 8 February that it has picked Dennis Lockhart, a 17-year veteran of Citigroup and now a professor of international business at Georgetown University as its new president.
Bies to leave Fed at end of March
Susan Bies announced Friday 9 February that she will leave the Board of Governors of the Federal Reserve at the end of March.
Chicago Fed Letter, March 2007
The article "Globalization and the benefits of trade" published in the Federal Reserve Bank of Chicago's Letter, March 2007, examines the benefits and costs to the U.S. and other countries of globalization.
Fed's Bernanke on economic well-being
In the speech 'The level and distribution of economic well-being' given on 6 February Ben Bernanke of the Federal Reserve said education, not protectionism, is the best weapon in the fight against rising income-inequality.
Fed's Moskow says Chicago lagging US on growth
A top Fed official said Tuesday 6 February in a speech that Chicago lags behind the rest of the US, making it imperative for city officials to pursue more adaptable policies.
Chicago Fed's Economic Perspectives, First Q 2007
In 'Bubble, bubble, toil, and trouble' Cabray Haines and Richard Rosen note that the rapid rise of real estate prices in recent years has led to fears of a housing price bubble. But to determine whether there has been a bubble-and whether the bubble is…
Monetary policy inertia and recent Fed actions
The Federal Reserve Bank of San Francisco's Economic Letter for 03-2007 describes and assesses two interpretations of recent monetary policy actions by the Federal Reserve.
New York Fed's Foreign Exchange Operations Report
According to the Federal Reserve Bank of New York's Treasury and Federal Reserve Foreign Exchange Operations quarterly report for October-December 2006, published 1 February, the U.S. monetary authorities did not intervene in the foreign exchange markets…
Report says Fed debating 'soft' inflation target
Federal Reserve officials have discussed whether an implicit, or "soft" inflation target might be preferable, the Wall Street Journal reported on Friday 2 February.
Lewis named as Richmond Fed deputy chair
The Federal Reserve Board of Governors on Wednesday 31 January named a new deputy chairman of the Federal Reserve Bank of Richmond.
Ex-Fed's Rivlin says Bernanke gets an 'A'
"In general, I think he's doing a very good job...I think he gets an A on several different grounds," former Federal Reserve vice chairwoman Alice Rivlin told Kyodo News in an interview published Monday 29 January, ahead of the anniversary of Bernanke's…
Greenspan promotes stronger Chinese yuan
China may improve the stability of its economy by allowing the yuan to rise faster, Alan Greenspan, former chairman of the U.S. Federal Reserve, said Monday 29 January via video link at a conference in Shanghai organized by UBS AG.
Fed has yet to set target on inflation
According to this article from The New York Times, published Tuesday 30 January, as Ben Bernanke celebrates his first anniversary as Fed chairman, the US central bank is still far away from acting on his major proposal.
Kansas Fed's Hoenig on monetary policy in 2007
In the speech 'The national economy and monetary policy in 2007' given on 19 January Thomas Hoenig of the Federal Reserve Bank of Kansas City said there has been a discrepancy lately between the views of FOMC members, as summarised in the Committee's…