Federal Reserve System
US imbalances: the role of technology and policy
This ECB Working Paper published Thursday 25 January investigates the role of three likely factors in driving the steady deterioration of the US external balance: US technology developments, changes in the US government fiscal position and the Fed's…
Moskow sets retirement, leaving fourth Fed opening
This article published Monday 22 January by Bloomberg notes that Federal Reserve Bank of Chicago president Michael Moskow's departure will leave a fourth high-level opening at the central bank.
Noyer says no conflict on price stability, growth
Bank of France governor and ECB governing council member Christian Noyer told the Liberation newspaper on Tuesday 23 January current monetary conditions are favourable for growth and there is no conflict between price stability and economic growth.
Chicago Fed National Activity Index, December 2006
The Chicago Fed National Activity Index for December 2006, published 22 January, was +0.04 in December, up from -0.30 in November. Three of the four broad categories of indicators in the index made negative contributions.
Bies on the economic outlook, mortgage market
In the speech 'Economic outlook and developments in mortgage markets' given on 18 January Susan Bies of the Federal Reserve said weakness in U.S. home building appears not to have spilled over to other sectors, while a slowing in broader price rises is…
Chicago Fed's Moskow announces plans to step down
Federal Reserve Bank of Chicago president Michael Moskow confirmed on Monday 22 January he will retire on 31 August.
Philadelphia Fed Business Outlook Survey, Jan 2007
According to the firms surveyed for the Philadelphia Fed's January 2007 Business Outlook Survey, economic conditions in the region's manufacturing sector improved in January.
Fed's Bernanke on fiscal challenges facing the US
In testimony 'Long-term fiscal challenges facing the United States' given on 18 January Ben Bernanke of the Federal Reserve said the economy could be gravely hurt if Social Security and Medicare aren't revamped, and he called on lawmakers to tackle the…
Federal Reserve Board - Beige Book, January 2007
The Federal Reserve published its January 2007 Beige Book survey on Wednesday 17 January. The economy entered the new year in pretty good shape, with most parts of the country enjoying moderate growth and businesses increasing hiring, according to the…
Fed's Mishkin on house prices in monetary policy
In the speech 'The role of house prices in formulating monetary policy' given on 17 January Frederic Mishkin of the Federal Reserve said the Fed should not get involved with trying to burst or even slow the growth of housing bubbles because it would lose…
Fed's Bies on enterprise risk management
In the speech 'Enterprise risk management and mortgage lending' given on 11 January Susan Schmidt Bies of the Federal Reserve said looser underwriting standards were partly responsible for recent rises in late mortgage payments and that lenders should…
Dallas Fed names Issing for globalisation study
The Federal Reserve Bank of Dallas has said Otmar Issing will advise its new think tank on the impact of globalisation on the international economy.
Boston's Minehan says she will retire this year
Federal Reserve Bank of Boston president Cathy Minehan said Thursday 11 January she plans to retire later this year but will stay in place until her successor is named.
A reassuring Reserve
According to this article from the Financial Times, published Thursday 11 January, the Federal Reserve's decision to halt its series of interest rate rises in June last year now looks to have been correct.
Fed's Kohn on the economic outlook
In the speech 'The economic outlook' given on 8 January Donald Kohn of the Federal Reserve said the US economy is expected to continue to grow at a moderate pace and prices should rise at a slower rate in the coming year.
Bernanke on central banking & bank supervision
In the speech 'Central banking and bank supervision in the United States' given on 5 January Ben Bernanke of the Federal Reserve said that the Fed's job of regulating the nation's banks gives the central bank more expertise in dealing with financial…
IMF's Rato says euro, Fed rates may have to rise
The European Central Bank and the U.S. Federal Reserve may have to raise interest rates once more to keep inflation in check, International Monetary Fund Managing Director Rodrigo Rato was quoted on Monday 8 January as saying.
Barney Frank says no to narrowing Fed's mandate
According to this article from John Berry at Bloomberg, published Friday 5 January, the Federal Reserve received a reminder this week about how politically sensitive it would be to adopt an inflation target.
St Louis Fed's Central Banker, Winter 2006
The St. Louis Fed has published the Winter 2006 edition of its Central Banker magazine. In the article 'Anecdotal information makes raw data breathe' First VP Dave Sapenaro looks at the sources of information that inform Bank President Bill Poole when…
St Louis Fed's Regional Economist, January 2007
The St Louis Fed's Regional Economist for January 2007 includes the article 'The economics of eminent domain'. The forced sale of homes for private development usually results in a zero-sum gain and may actually hinder development in the area, economists…
Richmond Fed's Economic Quarterly, Fall 2006
The Federal Reserve Bank of Richmond has published its Economic Quarterly for Fall 2006. The latest issue includes the article 'Changes in the size distribution of US banks: 1960-2005' which documents the large changes in the size distribution and size…
Fed minutes show inflation concern
Federal Reserve officials continued to view the current rates of core inflation as "uncomfortably high" at their meeting last month, minutes released Wednesday 3 January showed.
Kansas City Fed's TEN, Winter 2007
The Winter 2007 issue of the Federal Reserve Bank of Kansas City's TEN takes a look at the way Americans save. It says that while rates are low, they might not be as dire as predicted.
Fed Reserve Bank of St Louis Review, Jan/Feb 2007
The latest edition of the St Louis Fed's Review for January/February 2007 includes the article 'Milton Friedman, 1912-2006: Some personal reflections.' This article by William Poole says that the recent articles on Milton did not adequately emphasize an…