Federal Reserve System
NY Fed to host credit derivatives powwow
The Federal Reserve Bank of New York is to hold a meeting with major banks to discuss issues in the credit derivatives market in September.
Philadelphia Fed Business Outlook Survey, Aug 2005
According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, August 2005, activity in the region's manufacturing sector continued to expand in August, at a somewhat faster pace than in July.
ECB behind BoE, Fed on clarity; must reveal more
This article published on Thursday 18 August reveals the results of a poll of economists and academics who were asked to compare the ECB with the Bank of England, U.S. Federal Reserve and Bank of Japan for clarity of communication.
Kohn to replace Gramlich on loan guarantee boards
Federal Reserve Board Chairman Alan Greenspan on Wednesday 17 August named Governor Donald L. Kohn to replace Governor Edward M. Gramlich as the Chairman's designee on four federal loan guarantee boards, effective 1 September.
Chicago Fed National Activity Index, July 2005
The Chicago Fed National Activity Index for July 2005 was +0.16 down from +0.40 in June. Three of the four broad categories of indicators that make up the index - employment, consumption and housing, and sales, orders, and inventories - made positive…
NY Fed conference on The Economics of Payments II
The Federal Reserve Bank of New York published on Thursday 18 August a call for papers for a conference on "The Economics of Payments II," being held from 29-30 March 2006.
Oil-market frenzy and the Fed
This editorial by The Washington Times, published on Tuesday 16 August, says the job of the Federal Reserve has become far more complicated today. Today, following years in which international financial markets have been increasingly integrated, global…
Phil Fed's Survey of Professional Forecasters
The Federal Reserve Bank of Philadelphia published its Second Quarter 2005 Survey of Professional Forecasters on 15 August. The economy in the second half of the year looks stronger now than it did three months ago, according to 53 forecasters surveyed.
Kansas Fed Paper on inflation targeters
The Kansas Fed Working Paper "Do we really know how inflation targeters set interest rates?" published July 2005 says under inflation targeting regimes other objectives that possibly conflict with the inflation goal are present.
Calvin Mitchell to take over New York Fed role
Calvin A. Mitchell III was named senior vice president of the Federal Reserve Bank of New York in charge of the bank's public information area on Monday 8 August.
Fed is content with size, pace of rate increases
This article published on Wednesday 10 August suggests why impatient analysts are wrong to complain that the Federal Reserve is raising interest rates too slowly.
Greenspan, her art-throb
Fascinated by the Federal Reserve chairman, this article looks at the work of an artist who has completed 20 paintings and sketches of Alan Greenspan. The artist then decided to display her works at a gallery on Long Island over the summer.
Italian economy minister wants ECB rate cut
Italy's deputy economy minister Mario Baldassari said he favours the European Central Bank cutting its interest rates, as well as the euro being valued at parity with the dollar.
Foreign central banks buying more US debt
Foreign central banks were big buyers of US debt in the latest week, swallowing up similar amounts of both Treasury and agency debt in what was the heaviest week of buying in 2-1/2 months, Federal Reserve data showed on Thursday 11 August.
New spokesman for the New York Fed
Peter Bakstansky has been the spokesman for the New York Fed for so long - 30 years, to be precise - that his impending retirement will be hard to get accustomed to, at least for any journalist.
Fed raises rates, maintains measured stance
The Federal Open Market Committee decided on Tuesday 9 August to raise its target for the federal funds rate by 25 basis points to 3-1/2 percent. The FOMC maintained its measured stance on monetary policy accommodation.
COMMENT BY CENTRALBANKNET
The fear that demand in many leading economies has been sustained only by a housing and real estate "bubble" is often seen as one of the biggest risks facing monetary policymakers.
Fed's Gramlich to join University of Michigan
The University of Michigan has selected Professor Edward Gramlich to serve as interim provost and executive vice president for academic affairs, effective 1 September, with approval from the university's board of regents.
White House may be considering Lindsey for Fed
The White House is expanding its search for a successor for Federal Reserve Chairman Alan Greenspan, according to a report Thursday, including former Bush adviser Lawrence Lindsey among the candidates.
New York Fed's Economic Policy Review, Aug 2005
The Federal Reserve Bank of New York published the August 2005 edition of its Economic Policy Review on 25 July. The latest Review includes proceedings of the conference "Labor market developments in the United States and Canada since 2000" cosponsored…
Greenspan may get five more years
A California congressman has said he wants to introduce legislation to give Federal Reserve chairman Alan Greenspan five more years in the job.
Buchholz named as a candidate for Fed seat
Todd Buchholz, an adviser to President Bush during the 2004 presidential campaign, is being considered by the White House for a seat on the Federal Reserve Board, reports said this week quoting sources close to the administration.
Philadelphia Fed Business Outlook Survey, Jul 2005
According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, July 2005, activity in the region's manufacturing sector increased modestly.
Fed launches online financial education project
The Federal Reserve Board on Tuesday 26 July launched a new online project with USA Today that teaches middle school and high school students about economics and personal finances by challenging them to construct a newspaper front page.