Federal Reserve System
Fed's Olson on regulatory relief
In testimony 'Regulatory relief' given on 22 September Mark Olson of the Federal Reserve said federal regulators see no evidence of significant funding difficulties or problems with balance sheet management at banks in areas affected by Hurricane Katrina.
Fed to publish Bulletin online
The Federal Reserve Board announced on Thursday 22 September that beginning in 2006, the content of the Federal Reserve Bulletin will be published on the Board's public website (www.federalreserve.gov) on a continuing basis, as it becomes available.
St Louis Fed's Central Banker, Fall 2005
The St. Louis Fed's Central Banker magazine for Fall 2005 has been published. In the latest edition Julie Stackhouse, senior vice president of Banking Supervision and Regulation, shares her thoughts about why lenders should engage in prudent risk…
Philadelphia Fed Business Outlook Survey, Sep 2005
According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, September 2005, activity in the region's manufacturing sector slowed in September.
Fed will raise rates and indicate more to come
According to an article published on Monday 19 September, the Federal Reserve's FOMC committee will increase interest rates on Tuesday, with financial markets gradually accepting that the effect of Hurricane Katrina won't deter them.
Fed schedule suggests Greenspan January exit
The Federal Reserve has shortened its planned two-day monetary policy meeting for 31 Jan - 1 Fed down to one day, suggesting Alan Greenspan will leave the Fed then.
Greenspan successor to face tough economic climate
Until recently it seemed that Alan Greenspan's successor at the Federal Reserve would have a fairly easy ride at first. But according to an article published this week, that seems like a distant memory now that Hurricane Katrina has sent gasoline,…
Greenspan, the Wizard of Bubbleland
This lengthy article published on Wednesday 14 September covers a lot of central banking ground. Greenspan's measured-paced interest-rate policy is a reversal back to the Fed's tradition of gradualism, it says, but the debt cancer is spreading faster…
If the Fed stops pushing, might bond yields rise?
A recent article looks at the potential effect on the bond market if the Federal Reserve doesn't raise interest rates when it meets next week. The bond market could at last give us some of the higher longer- term interest rates that the Fed has been…
Fed may pause for political reasons
Following the devastation caused by Hurricane Katrina, the outcome of the Federal Reserve's next FOMC meeting is up for grabs, this article published on Tuesday 6 September suggests. The answer isn't just a question of policy, politics may be involved as…
Chicago's Moskow on the U.S. economic outlook
In the speech 'U.S. economic outlook' given on 7 September Michael Moskow of the Federal Reserve Bank of Chicago said the Federal Reserve will face "a number of judgment calls" in assessing the impact of Hurricane Katrina on the U.S. economy.
Report says Fed rate pause 'not ruled out'
Federal Reserve officials say they are watching to see how financial markets and the economy react to the destruction caused by Hurricane Katrina before deciding on what action to take at their policy-setting meeting on Sept. 20, the Wall Street Journal…
Fed may raise rates even after Hurricane Katrina
According to this article published on Tuesday 6 September, the outcome of the next Federal Reserve meeting scheduled for two weeks from today, is not a foregone conclusion, for the first time in nearly two years.
Greenspan the 'risk manager'
The recent Jackson Hole conference provided another peek into the mind of a central banker who has kept Wall Street guessing for two decades, this article writes. The essence of Greenspan's approach, it says, is to anticipate and accommodate possible…
Fed's Lacker says US can cope with Katrina shock
The US economy can absorb the aftermath of Hurricane Katrina because the Federal Reserve will not repeat the mistake of the 1970s of allowing an energy shock to fuel inflation expectations, Richmond Fed chief Jeffrey Lacker said on Friday 2 September.
On tap for the next Fed chief: Trouble
The recent three-day gathering of central bankers in Jackson Hole was capped with an extended standing ovation for the Fed chief from the traditionally straitlaced crowd. But the challenges awaiting Alan Greenspan's successor may be far tougher than the…
Fed Reserve Bank of St Louis Review, Sep/Oct 2005
The latest edition of the St Louis Fed's Review for Sep/Oct 2005 includes an article "Targeting versus instrument rules for monetary policy" which advances arguments that contradict all of the four objections forwarded in Lars Svensson's 2003 paper on…
Chicago's Moskow on the US economic outlook
In the speech 'U.S. economic outlook' given on 24 August Michael Moskow of the Federal Reserve Bank of Chicago said the United States needs higher interest rates to keep inflation down as the job market tightens and energy prices remain high.
Fed's Kohn on financial markets
In a speech given on 27 August Donald Kohn of the Federal Reserve defended the central bank's practice of signalling interest rate moves, saying less-clear statements may hurt the economy.
Fed after Greenspan will need skillful handler
An article published on Wednesday 31 August asks whether the next Fed chairman can possibly be as skillful as Alan Greenspan has been in using a discretionary approach to monetary policy.
ECB's Trichet on monetary policy
In the speech 'Monetary policy and 'credible alertness'' given on 27 August, Jean-Claude Trichet of the ECB defended the ECB's infrequent intervention in interest rates compared to the US Federal Reserve.
Atlanta Fed paper on credit and identity theft
This working paper from the Atlanta Fed looks at the phenomenon of identity theft. It says that ultimately society may have to find a level of theft that balances its preference for privacy with its tolerance for transaction fraud.
Olson says 'too early' to judge impact of Katrina
Federal Reserve Governor Mark Olson told reporters on Wednesday 31 August it was "too early" to make any comment on the impact of Hurricane Katrina on the U.S. economy.
Papers from 29th Kansas Fed Symposium
Papers presented at the Federal Reserve Bank of Kansas City's 29th annual economic policy symposium, The Greenspan Era: Lessons for the Future, held August 25 - 27 in Jackson Hole, Wyoming, were published on Wednesday 31 August.