Federal Reserve System
Greenspan on education
In testimony on education given to the House Education and Workforce Committee on 11 March Alan Greenspan of the Federal Reserve said that "employment will begin to increase before long," and that protectionist trade barriers were not the answer to…
International research forum on monetary policy
The European Central Bank has announced the venue and date of its third conference. Its purpose is to encourage research on monetary policy issues that are relevant from a global perspective.
Snow says Fed is wise to hold off rate rise
Alan Greenspan and his Federal Reserve colleagues have been "extraordinarily disciplined" and have not overreacted to signs of increased economic growth by raising interest rates, US Treasury Secretary John Snow has said.
St Louis Fed's Central Banker, Spring 2004
The Spring 2004 edition of the St. Louis Fed's Central Banker magazine has been published. The latest issue carries a report on the new plans for the Little Rock and Louisville branches after the restructurings are complete, and the senior vice president…
Federal Reserve Board - Beige Book, March 2003
The Federal Reserve released its March 2004 survey of Current Economic Conditions, known as the Beige Book, on 3 March. The report said economic activity continued to expand in January and February but on the jobs front the report found employment …
The ECB's new headquarters may bring image change
This article looks at the ECB's new HQ plans and examines other central banks' architecture. The Bank of Japan's main office looks suspiciously like the Bank of England which has a grand, imperial flavour, it says. Then there's the Federal Reserve with a…
Greenspan on the current account
In the speech 'Current account' Alan Greenspan of the Federal Reserve kept up his record of making a comment on a key policy issue every day by saying Tuesday that the yen appeared to be "elevated" against the dollar.
Bernanke on money, gold, and the Great Depression
In the speech 'Money, Gold, and the Great Depression' given on 2 March Ben Bernanke of the Federal Reserve said that research into the global spread of the Great Depression adds to the view that policy errors fostered the devastating economic downturn.
Fed's Olson : A regulator's view of banking
In a speech on 'A Regulator's View of Emerging Issues in Community Banking' given on 27 February, Mark Olson of the Federal Reserve said that America's small, community banks must watch asset and liability management and take care they don't get caught…
Greenspan on intellectual property rights
In a speech on 'Intellectual property rights' given on 27 February, Alan Greenspan of the Federal Reserve discussed the necessity of protecting property rights in general and cited the American "Wild West" and former Soviet Union as two cases in which a…
Bernanke on euro at five: Ready for a global role?
In a speech on 'Euro at Five: Ready for a Global Role?' given on 26 February, Ben Bernanke of the Federal Reserve said that the euro so far has "posed less of a challenge" to the international dominance of the U.S. dollar than analysts expected when the…
Fed's Bies on the economic outlook
In a speech on 'The Economic Outlook and the State of Household and Business Finances' given on 26 February, Susan Schmidt Bies of the Federal Reserve said that the Fed can afford to wait a while before it must "inevitably" consider raising short-term…
Fed's Gramlich on budget and trade deficits
In a speech on 'Budget and Trade Deficits: Linked, Both Worrisome in the Long Run, but not Twins' given on 25 February, Edward Gramlich of the Federal Reserve warned that large persistent U.S. budget and trade deficits could lead to "significant economic…
Qualitative aspects of effective risk management
In the a speech on 'Qualitative Aspects of Effective Risk Management' given on 25 February, Susan Schmidt Bies of the Federal Reserve said the recent accounting scandal at Italian business giant Parmalat shows corporate governance issues are global in…
Greenspan: growth vigorous, spending cuts needed
In a speech on 'Economic outlook and current fiscal issues' given on 25 February, Alan Greenspan of the Federal Reserve said the US economy has turned the corner from recession and is on the verge of "sustainable" growth. To ensure that, Congress must…
Greenspan on Fannie and Freddie
Greenspan today (February 24) called for Congress to appoint a regulator and impose debt ceilings on Fannie Mae and Freddie Mac. Without such action, the rapid growth of these huge agencies was "likely" to cause systemic difficulties.
Greenspan on education and the economy
In a speech on 'The critical role of education in the nation's economy' given on 20 February, Alan Greenspan of the Federal Reserve said warned against resorting to "protectionist cures" to deal with job losses.
Fed's Bernanke on the great moderation
In a speech on 'The Great Moderation' given on 20 February, Ben Bernanke of the Federal Reserve said said the Fed has been successful over years in fostering price stability and he is optimistic for the future because monetary policy-makers will not…
Bies on Financial Markets and Corporate Governance
In a speech on 'Financial Markets and Corporate Governance' given on 19 February, Susan Schmidt Bies of the Federal Reserve said the world of accounting needs to catch up with the growing sophistication of the world of finance. She urged accounting…
Philadelphia Fed Business Outlook Survey, Feb 2004
According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, February 2004 activity in the region's manufacturing sector continues to expand although indicators for general activity, new orders, and shipments fell from their…
St Louis Fed's Central Banker, Winter 2003
The Winter 2003 edition of the St. Louis Fed's Central Banker magazine has been published. The latest issue carries a report on Check 21 which, it says, will speed up and simplify check processing. The Winter edition also reveals why the Bank is…
New York Fed names Christine Cumming First VP
The Federal Reserve Bank of New York named Christine Cumming, a 24 year veteran of the Bank, as its new first vice president on Monday (9 Feb). Timothy Geithner said that her fine judgement and intellectual contribution to the bank is impressive.
New light on the Fed's history
Allan Meltzer finds the Fed at fault for the Great Depression, but he may not have the complete picture contends Tim Congdon.
Greenspan sees vigorous growth, warns on deficit
In testimony on Wednesday 11 February, Fed Chairman Alan Greenspan said the U.S. economy has good odds for sustained robust growth, but that policy-makers can be patient about interest-rate rises. He warned there could be problems "in the relatively near…