Federal Reserve System
Fed's Olson on compliance
In the speech 'What Are Examiners Looking for When They Examine Banks for Compliance?' given on 12 June Mark Olson of the Federal Reserve said US bank regulators are revising anti-money laundering guidelines for banks and aim to issue an updated manual…
Guynn on the next stage of the housing cycle
In the speech 'Adjusting to the next stage of the housing cycle' given on 7 June Jack Guynn of the Federal Reserve Bank of Atlanta said core inflation may have already breached its acceptable upper level and the Federal Reserve must be ready to reset…
Senate likely to vote on Fed's Kohn June 14
The U.S. Senate Banking Committee will likely vote on the nomination of Federal Reserve Board Governor Donald Kohn to be vice chairman at the central bank on June 14, a spokesman was quoted as saying on Thursday 8 June.
Fed, under pressure, may go ahead with increase
According to this article by John Berry of Bloomberg, published Friday 9 June, Federal Reserve officials now seem likely to raise US interest rates later this month.
Bernanke's Commencement address
In the speech 'Commencement address' given on 9 June Ben Bernanke of the Federal Reserve said the revival in U.S. business productivity since the mid-1990s still has some way to run.
What did Bernanke say?
According to this editorial published Wednesday 7 June, Federal Reserve chairman Ben Bernanke is probably obsessed with central bank transparency.
Kohn: Nomination as Vice Chairman to the Board
In testimony given on 8 June Donald Kohn of the Federal Reserve said that rising prices had raised an inflation "warning flag" that demanded attention, in the latest hawkish remarks from central bank policymakers.
What drives volatility persistence in FX market?
The Federal Reserve Board Discussion Paper "What drives volatility persistence in the foreign exchange market?" published May 2006 analyses the factors driving the widely-noted persistence in asset return volatility using a unique dataset on global euro…
Fed's Bies on effective risk management
In the speech 'Challenges of conducting effective risk management in community banks' given on 6 June Susan Schmidt Bies of the Federal Reserve said US banking regulators are warily eyeing concentrations of commercial real estate loans and worry some…
New York Fed's Economic Policy Review, May 2006
The Federal Reserve Bank of New York has published the May 2006 edition of its Economic Policy Review. The latest edition includes the article "Trading risk, market liquidity, and convergence trading in the interest rate swap spread".
Fed's Poole sees stagflation possibility
If inflation expectations are rising, a slowing economy may not reduce inflation pressures, said St. Louis Federal Reserve President William Poole, quoted in the Wall Street Journal online edition.
Greenspan picks writer to help with memoirs
Alan Greenspan has selected a Fortune Magazine veteran, Peter Petre, to assist him on his memoirs, The New York Times reported.
Fed's Hoenig says too soon to be behind curve
Kansas president Thomas Hoenig said on Tuesday 6 June that monetary policy acts with a lag and, as a result, it was premature to say the U.S. central bank was "behind the curve" in raising interest rates.
Fed's Bernanke on the outlook for the U.S. economy
In the speech 'Panel discussion: Comments on the outlook for the U.S. economy and monetary policy' given on 5 June Ben Bernanke of the Federal Reserve said recent increases in measures of inflation ``are unwelcome'' and he will ensure the trend isn't…
Philadelphia Fed names new president
The Federal Reserve Bank of Philadelphia announced Tuesday 6 June that Charles I. Plosser, a professor of economics, has been named president of the Philadelphia Fed.
St Louis Fed's Central Banker, Summer 2006
The St. Louis Fed has published the Summer 2006 edition of its Central Banker magazine. In the article "Our strategic direction: The big picture" First Vice President Dave Sapenaro shares where the Bank is headed.
Chicago Fed's Moskow on the US economic outlook
In the speech 'US economic outlook and the role of inflation inertia' given on 2 June Michael Moskow of the Federal Reserve Bank of Chicago said US inflation will likely stay contained but is at the top end of the price-stability zone and interest-rate…
NY Fed's Geithner on uncertainty and transparency
In the speech 'Uncertainty and transparency in the conduct of monetary policy' given on 31 May Timothy Geithner of the Federal Reserve Bank of New York said the neutral range of U.S. interest rates is almost impossible to capture, making the near-term…
Kohn Senate hearing set for 8 June
The Senate Banking Committee said on Thursday 1 June that it will hold a hearing on the nomination of Federal Reserve governor Donald Kohn to be vice chairman at the Fed next Thursday.
Fed minutes show uncertainty on future hikes
Federal Reserve policymakers at their May meeting considered raising a key interest rate by half a percentage point before deciding on a quarter-point increase, minutes published Wednesday 31 May showed.
Bernanke subcommittee to explore communication
Federal Reserve chairman Ben Bernanke has called on three experienced Fed officials to explore a broad range of issues related to how the Fed talks to financial markets.
Former Fed chair Volcker faults US policy
Former chairman of the Federal Reserve Paul Volcker has said US policy abroad is too abrasive.
Fed's Olson on community development
In the speech 'Community development and the bigger picture' given on 25 May Mark Olson of the Federal Reserve said recent news on the U.S. economy has been positive on balance and forecasters expect activity to moderate to a more sustainable pace than…
Comment: May in Review
Inflation concerns and financial markets volatility returned in the month of May - central bankers around the world, in both the developed and developing world, are suddenly confronted with a very different environment.