Federal Reserve System
US rate outlook may change `before long'
Federal Reserve policy makers discussed the need ``before long'' to alter their outlook for U.S. interest rates, with some FOMC members concerned about the risk of raising it too much, minutes of their 1 November meeting showed.
Philadelphia Fed Business Outlook Survey, Nov 2005
According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, November 2005, activity in the region's manufacturing sector continues to expand.
Phil Fed's Survey of Professional Forecasters
The Federal Reserve Bank of Philadelphia published its Fourth Quarter 2005 Survey of Professional Forecasters on 14 November. Growth in the current quarter looks slower now than it did just three months ago, according to the 51 forecasters surveyed.
Kansas City Fed's TEN Magazine, Fall 2005
The new issue of the Kansas City Fed's TEN Magazine looks at lessons learned during Alan Greenspan's time at the helm of the Federal Reserve System, as well as the emerging role of community colleges, the security of online payment systems.
Kansas Fed paper on the FOMC & the great inflation
The Federal Reserve Bank of Kansas City has published a Working Paper by Sharon Kozicki and P.A. Tinsely titled "Perhaps the FOMC did what it said it did: An alternative interpretation of the great inflation".
Senate panel gives Bernanke go ahead as Fed chair
The U.S. Senate Banking Committee on Wednesday 16 November approved the nomination of Ben Bernanke to be chairman of the Federal Reserve, sending it to the full Senate for a final confirming vote.
Market drives US payment systems - Fed's Olson
In a speech at the First EU/US Retail Banking Forum Conference in Brussels, US Federal Reserve governor Mark W. Olson said the private and public sectors have contributed to a "more efficient national payments system that facilitates greater commerce and…
Fed's Olson on US payment systems
At a EU/U.S. Retail Banking Forum Conference in Brussels on November 15, US Federal Reserve governor, Mark W. Olson, offered some insights into the US payments system.
Bernanke hawkish on inflation
In his confirmation hearing before the US Sentate Banking Committee, Ben Bernanke expressed some concerns about the current inflation rate in the US.
Greenspan praises labor flexibility
In a speech prepared for the Bank of Mexico's 80th Anniversary International Conference in Mexico City, departing US Federal Reserve president Alan Greenspan argued that policymakers can promote economic stability by enabling a flexible economic…
Bernanke on Bernanke
Central Banking selects key remarks on major policy issues by the Fed chairman- elect.
Fed governor testifies on Basel II
Federal Reserve governor Susan Schmidt Bies testified on 10 November before the US Senate committee on banking, housing, and urban affairs on the implementation of Basel II and revisions to Basel I.
Comment: Activism the ECB way
Yesterday, 9 November, Jean-Claude Trichet explained how the ECB's decision to leave interest rates unchanged for more than two years should not be equated to non-activist monetary policy.
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 July-September 2005, the U.S. monetary authorities did not intervene in the foreign exchange markets during the quarter.
Fed's Ferguson on monetary credibility & inflation
In the speech 'Monetary credibility, inflation, and economic growth' given on 3 November Roger Ferguson of the Federal Reserve said that central bankers must use "all our tools" to stop inflationary expectations from taking hold in the economy.
With Bernanke at bat, Fed will target inflation
According to this recent article, Ben Bernanke will devote significant staff resources to further study on issues he has spoken and written about, when he takes over at the Fed. And the advantages of his approach will become overwhelming enough in the…
Greenspan questions gold holding, notes usefulness
In testimony to Congress on Thursday 3 November Alan Greenspan said why the Fed holds gold is a very interesting question and it's one that has been debated at length on rare occasions within government.
Fed may be on road to neutral monetary policy
The Federal Open Market Committee will make the 13th consecutive rate increase at its next meeting on 13 December, as it continues on its way to the so-called neutral level, according to this article published on Wednesday 2 November.
Fed Reserve Bank of St Louis Review, Nov/Dec 2005
The latest edition of the St Louis Fed's Review for Nov/Dec 2005 includes the article "An analysis of recent studies of the effect of foreign exchange intervention" which surveys recent empirical studies of the effect of foreign exchange intervention and…
Fed's Greenspan on the economic outlook
In testimony 'Economic outlook' given on 3 November Alan Greenspan of the Federal Reserve said the U.S. economy has good momentum, but cautioned that the prospects for keeping inflation under control were more problematic.
Comment: Greenspan's parting shot
Alan Greenspan yesterday delivered his final Congressional testimony. Apart from an unsurprising, cautiously optimistic message on the short-run prospects for the U.S. economy, his parting shot came in the form of a stern warning to Congress that it…
The myth of the all-powerful Fed
Despite the outsized attention that any utterance from the Fed chair typically gets, the economic world isn't controlled by one person, or even one institution, this article published on Tuesday 1 November notes.
Fed raises rates, maintains 'measured' pace
The Federal Open Market Committee decided on Tuesday 1 November to raise its target for the federal funds rate by 25 basis points to 4 percent. In its statement the FOMC kept its 'measured' stance for removing policy accommodation and warned that energy…
Chairman nominee may bring new openness to the Fed
If Ben Bernanke has his way, the Federal Reserve is likely to become more open, according to this article published on Tuesday 1 November. His approach could lead to big changes in how the Fed communicates, it says.