Federal Reserve System
Fed's Lacker - rebel without a pause
This article published Wednesday 25 October notes that Richmond Fed president Jeffrey Lacker has become the first Federal Reserve policy-maker in eight years to dissent from his colleagues for three consecutive meetings.
Atlanta Fed paper on cross-border banking
The Federal Reserve Bank of Atlanta Working Paper "Cross-border banking: Challenges for deposit insurance and financial stability in the European Union" examines the implications that alternative regulatory structures may have for resolving failed…
Study urges improved Fed communications policy
A new study commissioned by Macroeconomic Advisers, headed by former Fed governor Larry Meyer, reveals most leading US financial market participants do not want the US central bank to adopt an inflation objective, a mild form of an inflation target.
Fed's Bies on enterprise risk management
In the speech 'A supervisory perspective on enterprise risk management' given on 17 October Susan Schmidt Bies of the Federal Reserve said that bankers need to beware of their home mortgage lending because there were signs that U.S. housing markets are…
Fed's Bernanke on bank regulation and supervision
In the speech 'Bank regulation and supervision: Balancing benefits and costs' given on 16 October Ben Bernanke of the Federal Reserve said U.S. bank regulators are taking a close look at international differences in the implementation of Basel II.
Fed's Mishkin on globalization: A force for good
In the speech 'Globalization: A force for good?' given on 12 October Frederic Mishkin of the Federal Reserve said developing countries need to develop good institutions that allocate capital efficiently in order to raise living standards.
Federal Reserve Board - Beige Book, October 2006
The Federal Reserve published its October 2006 Beige Book survey on 12 October. Half of the Fed's 12 districts reported moderate or mixed economic growth in September, while four noted stronger growth, according to the report.
Lacker stands tall in the Fed's inflation fight
According to this article published Friday 13 October by Bloomberg, Jeffrey Lacker, president of the Federal Reserve Bank of Richmond, is the nation's inflation vigilante.
Fed minutes suggest rates may stay on hold
The Federal Reserve may keep interest rates on hold for an extended period after minutes of its September policy meeting, released Wednesday 11 October, showed the central bank was still wary of inflation risks.
Fed's Bies on current banking issues
In the speech 'A U.S. supervisor's perspective on current banking issues' given on 11 October Susan Schmidt Bies of the Federal Reserve said that U.S. regulators were concerned some U.S. banks were increasingly concentrating their lending in the segment.
St Louis Fed's Regional Economist, October 2006
The St Louis Fed's Regional Economist for October 2006 includes the article 'Can we continue to satisfy our appetite for electricity?' 'Predatory lending laws linked to income inequality,' and 'Adding up the economic effects of immigration'.
Interview with St Louis Fed's William Poole
In comments to the Financial Times published Tuesday 10 October St. Louis Federal Reserve Bank President William Poole said the Fed could do "relatively little" and let the bond market stabilise the economy.
Yellen says Fed rate pause 'makes sense'
Holding interest rates steady "for a time" makes sense as monetary policymakers study data about the economy, the president of the San Francisco Federal Reserve said Monday 9 October.
Columbia's Phelps gets Nobel economics prize
Edmund S. Phelps, a professor at Columbia University in New York, won the Nobel Prize in economic sciences on Monday 9 October.
Fed focuses on right target - core inflation
According to this article from John Berry at Bloomberg, published Tuesday 3 October, despite various criticisms Federal Reserve officials are right to target core inflation.
Fed's Bernanke on demographics
In the speech 'The coming demographic transition: Will we treat future generations fairly?' given on 4 October Ben Bernanke of the Federal Reserve said a "substantial correction" is under way in the US housing market but it has not so far had a big…
Fed's Kohn on economic outlook
In the speech 'Economic outlook' given on 4 October Donald Kohn of the Federal Reserve said he is more concerned about persistent inflation than slowing growth in an economy that's likely to avoid a recession.
Dallas Fed says monetary policy is losing effect
According to a new paper in the Federal Reserve Bank of Dallas' Economic Letter series, monetary policy is losing its bite.
Fed's Kroszner on productivity growth
In the speech 'What drives productivity growth? Implications for the economy and prospects for the future' given on 27 September Randall Kroszner of the Federal Reserve said that strong U.S. productivity growth since the mid-1990s seemed set to persist…
Fed's Hoenig says lags slowing rate impact
Kansas City Federal Reserve Bank President Thomas Hoenig said on Wednesday 27 September that the impact of previous interest rate increases has not been fully felt yet and must be considered by the FOMC at future meetings.
Interview with Richmond Fed's Lacker
Federal Reserve Bank of Richmond President Jeffrey Lacker told Reuters in an interview on Wednesday 27 September the U.S. economy was on solid ground, but that inflation was still a worry.
A case for inflation targets in the US and Japan
This article published by the American Enterprise Institute on Wednesday 27 September says that the world's leading central banks are struggling with what is happening to prices in their respective countries, and what they should do and say about it.
Fed's Bies on Basel II
In testimony 'Basel II' given on 26 September Susan Schmidt Bies of the Federal Reserve said that the Fed supports Basel II because it will help preserve the safety and soundness of the U.S. banking system.
Geithner says Fed powers may need extending
Timothy Geithner, president of the Federal Reserve Bank of New York, said late on Monday 25 September that the Federal Reserve may have to extend its supervisory authority to securities firms and hedge funds to keep up with their growing role in the…