Federal Reserve System
Fed's Greenspan on energy
In the speech 'Energy' given on 17 October Alan Greenspan of the Federal Reserve said the sharp run-up in energy prices following the shutdown of Gulf Coast production facilities was an "an accident waiting to happen".
Fed's Lacker undecided on credit product boom
An explosion in the range of credit products available to Americans creates benefits for the economy but also creates risks for financially inexperienced borrowers, Richmond Fed chief Jeffrey Lacker said on Monday 17 October.
Greenspan's driving ambition
Alan Greenspan's wife revealed this week that the Federal Reserve chairman hasn't driven a car for 18 years.
Feldstein for the Fed?
While Harvard University economist Martin Feldstein may have the best credentials to succeed Alan Greenspan as Federal Reserve chairman, this article published on Tuesday 11 October notes that he may also have the biggest liabilities.
New Fed chief could be named in November
With the White House set to choose a successor to Federal Reserve Chairman Alan Greenspan soon, analysts have pencilled in November to mid-December as a likely time window for an announcement.
Hoenig says Fed will do what it takes on inflation
Federal Reserve Bank of Kansas City President Thomas Hoenig said on Thursday 13 October that rising prices had placed the U.S. central bank on alert but it would take the necessary steps to keep inflation at bay.
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 April-June 2005, the U.S. monetary authorities did not intervene in the foreign exchange markets during the quarter.
Fed's Olson on the U.S. economy and fiscal outlook
In the speech 'Update on the U.S. economy and fiscal outlook' given on 12 October Mark Olson of the Federal Reserve said whether energy-related price pressures spilled over into non-energy prices would depend on a "host of considerations," including the…
Fed's Kohn on globalization and inflation
In the speech 'Globalization, inflation, and monetary policy' given on 11 October Donald Kohn of the Federal Reserve said increasingly globalized financial markets may be less forgiving when they think central banks have erred than the domestic-based…
Richmond Fed's Economic Quarterly, Summer 2005
The Federal Reserve Bank of Richmond has published its Economic Quarterly for Summer 2005. The latest issue includes the article 'What's driving wage inequality?'
Greenspan says flexibility crucial to economy
The ability of the US to weather a surge in energy prices is the latest example of how economic flexibility helps prevent serious recessions, Federal Reserve Chairman Alan Greenspan said on Wednesday 12 October.
Fed's Bies on regulatory issues
In the speech 'Regulatory issues' given on 12 October Susan Bies of the Federal Reserve said banks were taking increased risks in real-estate lending, adding they could be hurt if interest rates rise or home prices decline.
Fukui and Greenspan to meet in Tokyo
Bank of Japan Governor Toshihiko Fukui will hold talks with U.S. Federal Reserve Chairman Alan Greenspan on 17 October at the BOJ's head office in Tokyo, officials said.
Will a dark horse win race to succeed Greenspan?
This article published on Thursday 6 October says comments by US President Bush this week raise some doubts about the conventional wisdom in Washington and on Wall Street, that the race to succeed Greenspan has boiled down to three principal candidates.
Interview with Atlanta Fed president Jack Guynn
In an interview published on Monday 3 October, Federal Reserve Bank of Atlanta president Jack Guynn said the devastation caused by the recent Hurricanes has not altered his thinking about the longer term path of the economy. "I think we're most likely on…
Greenspan: The worst Fed chief ever
This article published Tuesday 4 October gives a contoversial slant on Alan Greenspan. His recent speech 'Economic flexibility' was an attempt to rewrite history by setting up Ben Bernanke to be the fall guy for all of the problems that Greenspan and the…
Greenspan, term ending, returns to Randian roots
According to this article published on Monday 3 October, Alan Greenspan's recent speech in Chicago represents a return to his philosophical roots. His comments show he surely wants to have some say in how he'll be remembered, it says.
Bush calls for independent Fed Chairman
This article published on Wednesday 5 October looks at US President Bush's comments this week that he is looking for a successor to Alan Greenspan who would be seen as politically independent and who can inspire global confidence.
Bush says next Fed chair named in appropriate time
US President George W. Bush said Tuesday that Alan Greenspan's replacement would be named "at an appropriate time," but he had not yet been given a list of prospective names.
Cleveland Fed sued over racism claim
The Equal Employment Opportunity Commission has sued the Federal Reserve Bank of Cleveland, according to a report for the Akron Beacon Journal on the ohio.com website.
NY Fed's Geithner says market risks have altered
The president of the Federal Reserve Bank of New York said on Thursday 6 October that changes in financial markets have raised the question of whether the financial system is more or less vulnerable to shock, and warrant an examination of risk management…
NY Fed welcomes derivatives markets commitment
The Federal Reserve Bank of New York said on Thursday 6 October it welcomes the initial commitments made by fourteen major market participants to improve the infrastructure that supports the credit derivatives markets.
'The Region' from the Minneapolis Fed, Sep 2005
The Federal Reserve Bank of Minneapolis has published its regular magazine, The Region, for September 2005. The article "Payments system issues and challenges" asks why the market, not the Fed, is the prime mover in the U.S. payments system. The latest…
St Louis Fed's Regional Economist, October 2005
The Regional Economist, October 2005 edition, from the St Louis Fed includes the article "Gramm-Leach-Bliley turns 5". More than five years have passed since Congress enacted the Gramm-Leach-Bliley Act, tearing down regulatory barriers that separated…