Federal Reserve System
'The Region' from the Minneapolis Fed, June 2006
The Federal Reserve Bank of Minneapolis has published its regular magazine, The Region, for June 2006. The latest edition includes an interview with Stanford economist, John B. Taylor, on inflation targets, exchange rates and the eponymous rule.
Study says markets on Fed's wavelength
According to a recent study by the Federal Reserve Bank of Cleveland, better communication by the U.S. central bank has dramatically cut mistakes by markets betting on future interest rate moves.
Dallas Fed study says Mexico financially sound
A study by the Federal Reserve Bank of Dallas has found that Mexico is in sound financial shape and should maintain economic stability through its upcoming presidential election.
Toothless Fed
According to this article from CNN Money, published Thursday 22 June, the Federal Reserve's ability to control the host of things that are driving inflation higher is rather limited.
Chicago Fed National Activity Index, May 2006
The Chicago Fed National Activity Index for May 2006, published 22 June, was -0.16 in May, down from +0.26 in April.
Atlanta Fed's Guynn set to retire
Jack Guynn, president of the Federal Reserve Bank of Atlanta, announced Thursday 22 June that he plans to retire effective from 1 Oct 2006.
Former Fed vice chairman joining Swiss Re
Former Federal Reserve vice chairman Roger Ferguson is joining global reinsurance company Swiss Re in a senior executive position, the company announced on Monday 19 June.
What central banks are doing to raise interest
This article published Wednesday 21 June looks at central bank websites, saying that at their best the world's central banks are showing how a website can be used to provide information for a range of audiences.
Fed's Kohn on the effects of globalization
In the speech 'The effects of globalization on inflation and their implications for monetary policy' given on 16 June Donald Kohn of the Federal Reserve said cutting U.S. inflation "could be difficult and costly" once it rose.
Fed's Olson named chairman of PCAOB
Federal Reserve governor Mark Olson was named on Monday 19 June as head of the Public Company Accounting Oversight Board, a U.S. watchdog that polices corporate auditors.
Senate approves Kohn as Fed vice chairman
The U.S. Senate approved the nomination of Federal Reserve governor Donald Kohn on Monday 19 June, to be vice chairman at the US central bank.
Philadelphia Fed Business Outlook Survey, Jun 2006
According to the firms surveyed for the Philadelphia Fed's June 2006 Business Outlook Survey, activity in the region's manufacturing sector continues to expand.
Summers against inflation targets
Former US treasury secretary Lawrence Summers said on Friday 16 June that the Federal Reserve should not adopt any explicitly rule-based monetary policy regime.
Hoenig says imbalances spell slow-motion crisis
The United States faces a "growth crisis over time" from its large and persistent current account balance, Thomas Hoenig, president of the Kansas City Federal Reserve Bank, said on Friday 16 June.
Fed's Kroszner on why yield curves are so flat
In the speech 'Why are yield curves so flat and long rates so low globally?' given on 15 June Randall Kroszner of the Federal Reserve said lower perceived risks of inflation around the world have contributed to lower long-term interest rates.
Fed's Bernanke on energy and the economy
In the speech 'Energy and the economy' given on 15 June Ben Bernanke of the Federal Reserve said a quickening in inflation outside the volatile food and energy areas, and a bit of a run-up in gauges of expected inflation, had caught his eye.
Federal Reserve Board - Beige Book, June 2006
The Federal Reserve published its June 2006 Beige Book survey on 14 June. The U.S. economy continued to expand from mid-April to early June, but there were signs of slowing growth and inflation, the report said.
Fed's Bies on mortgage lending practices
In the speech 'A supervisor's perspective on mortgage markets and mortgage lending practices' given on 14 June Susan Schmidt Bies of the Federal Reserve said a cooler US housing market could help achieve the goal of sustainable economic growth.
Comment: May inflation surprise
In a murky environment, this week's inflation data was billed as crucial to providing clarity on the future direction of US interest rates in the months to come. By that logic, another hike in two weeks time is a certainty, with another probably…
Fed's Bernanke on increasing economic opportunity
In the speech 'Increasing economic opportunity: Challenges and strategies' given on 13 June Ben Bernanke of the Federal Reserve said low-wage workers who receive training in how to use banks, to save and pay bills have a better chance of improving their…
Fed's Olson on the Home Mortgage Disclosure Act
In testimony 'Home Mortgage Disclosure Act' given on 13 June Mark Olson of the Federal Reserve said data collected under the U.S. Home Mortgage Disclosure Act raise troubling questions about lending to black and Hispanic borrowers and more research is…
Bernanke says world better with flexible yuan
Federal Reserve chairman Ben Bernanke said on Monday 12 June both China and the world economy would be better off if China allowed the value of its yuan to be determined by a more flexible, market-determined system.
Senate backs Kohn's Fed nomination
The Senate Banking Committee on Wednesday 14 June approved the nomination of U.S. Federal Reserve governor Donald Kohn to be vice chairman at the central bank, sending it to the full Senate for a final vote.
Fed's Bernanke on modern risk management
In the speech 'Modern risk management and banking supervision' given on 12 June Ben Bernanke of the Federal Reserve said a sweeping regulatory plan to improve risk management for the country's largest and most internationally active banks is important to…