Federal Reserve System
Chicago Fed National Activity Index, June 2005
The Chicago Fed National Activity Index for June 2005 was +0.28 in June, up from -0.03 in May. Three of the four broad categories of indicators that make up the index - production and income, consumption and housing, and sales, orders, and inventories -…
Fed's Kohn on monetary policy perspectives
In the speech 'Monetary policy perspectives on risk premiums in financial markets' given on 21 July Donald Kohn of the Federal Reserve said that greater transparency at the U.S. central bank may have led to less uncertainty in financial markets and…
Greenspan signals more rate rises ahead
Federal Reserve Chairman Alan Greenspan said on Wednesday 20 July that the U.S. growth outlook was solid and the Fed should keep raising interest rates.
W.House may want business experience for Fed chair
An article published this week says the White House may want to look towards the business community for a successor to Federal Reserve Chairman Alan Greenspan. None of the three potential heirs usually named as possibles to fill Greenspan's shoes meets…
Federal Reserve Bulletin, Spring 2005
The Federal Reserve's Bulletin for Spring 2005 includes the article 'Background on FOMC meeting minutes' outlines previous changes to the release schedule for the minutes and provides a brief overview of the content of the minutes and the way they are…
The Federal Reserve System: Purposes and Functions
The book "The Federal Reserve System: Purposes and functions" was published on Tuesday 5 July. The book includes chapters titled, 'Overview of the Federal Reserve System,' 'Monetary Policy and the Economy,' 'The Implementation of Monetary Policy,' 'The…
St Louis Fed's Regional Economist, July 2005
The Regional Economist, July 2005 edition, from the St Louis Fed includes the article "Do we have a saving crisis?" Theoretically, the decline in saving jeopardizes the US economy because savings are lent to businesses for investment. In reality, the US…
Fed's Olson on US mortgage products
In the speech 'Revisiting traditional paths to ownership' given on 23 June, Mark Olson of the Federal Reserve said an explosion in mortgage products that lowers payments in the early years of a loan has helped to extend U.S. home ownership, but carries…
Fed Reserve Bank of St Louis Review, Jul/Aug 2005
The latest edition of the St Louis Fed's Review for Jul/Aug 2005 includes the proceedings from the 29th economic policy conference of the Federal Reserve Bank of St. Louis, "Productivity, labor, and the Business Cycle."
Chicago Fed National Activity Index, May 2005
The Chicago Fed National Activity Index for May 2005 was +0.10, up from +0.05 in April. Two of the four broad categories of indicators that make up the index - production and income and consumption and housing - made positive contributions.
Fed's Olson on regulatory relief
In testimony on 'Regulatory relief' given on 21 June, Mark Olson of the Federal Reserve said that Congress should give the Federal Reserve more flexibility in setting reserve requirements and allow it to pay interest on balances held by depository…
Greenspan warns against trade sanctions on China
Fed chairman Alan Greenspan told Congress in testimony on Thursday 23 June that no credible evidence exists that a move by China to revamp its exchange rate system would benefit US manufacturing or jobs.
Philadelphia Fed Business Outlook Survey, Jun 2005
According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, June 2005, activity in the region's manufacturing sector weakened. This represents a decline from the moderate performance in May.
Fed's Kohn on managing risk
In the speech 'Managing risk in a changing economic and financial landscape' given on 15 June, Donald Kohn of the Federal Reserve said the US current account deficit and surge in house prices may not be sustainable and urged banks to protect themselves…
Fed's Bies on current regulatory issues
In the speech 'Current regulatory issues' given on 14 June, Susan Schmidt Bies of the Federal Reserve said Federal banking supervisors are concerned that borrowers looking to buy commercial and residential real estate "could become increasingly…
Origins of modern central bank policy
The latest issue of the Dallas Fed's Economic Insights magazine profiles Irving Fisher. He was one of America's most celebrated economists during the first quarter of the 20th century and a pioneer in many theoretical and technical areas of economics…
Greenspan says US economy on fairly firm ground
Federal Reserve Chairman Alan Greenspan told the US Congress on Thursday 9 May that the US economy seems to be on a "reasonably firm footing," with inflation under control.
Fed's Kohn on regulatory relief
In testimony 'Regulatory relief' given on 9 June Donald Kohn of the Federal Reserve said the Fed opposes parts of a bill that allows industrial loan companies to offer interest-bearing business transaction accounts without making the companies subject to…
Atlanta Fed's Guynn sees more US rate rises
Jack Guynn, president of the Federal Reserve Bank of Atlanta, said the US economy will be able to withstand further rate hikes as it is on a "solid" growth track.
Fed's Bies expects Basel rules in 6-8 weeks
The Federal Reserve wants to hear from banks about their efforts to implement the Basel II capital agreement, Federal Reserve Governor Susan Schmidt Bies said on Wednesday 8 June.
Greenspan at central bank panel discussion
In the speech 'Central bank panel discussion' given on 6 June Alan Greenspan of the Federal Reserve said that recent efforts to restrict international trade and hinder free markets represent a "truly worrisome" threat to global prosperity.
St Louis Fed's Central Banker, Summer 2005
The St. Louis Fed's Central Banker magazine for Summer 2005 has been published. The latest edition includes an article by Julie Stackhouse, senior vice president of Banking Supervision and Regulation, who shares her thoughts about how community bankers…
'The Region' from the Minneapolis Fed, Jun 2005
The Federal Reserve Bank of Minneapolis has published its regular magazine, The Region, for June 2005. It includes the article by Gary Stern "Formalizing the success of past policy" on the promise of an inflation targeting framework for achieving long…
Richmond Fed's Economic Quarterly, Spring 2005
The Federal Reserve Bank of Richmond has published its Economic Quarterly for Spring 2005. The latest issue includes the article 'What difference would an inflation target make?'