Federal Reserve System
Ferguson: Can't predict war impact on economy
Federal Reserve Vice Chairman Roger Ferguson said on Wednesday it is very difficult to gauge how a potential war with Iraq would affect the U.S. economy.
Greenspan to deliver Senate report next week
Federal Reserve Chairman Alan Greenspan is scheduled to appear before a Senate panel next week to deliver the central bank's semi-annual report on the health of the economy, a Senate Banking Committee aide said on Tuesday.
McTeer on the banking industry
SPEECH - In a speech to the Cato Institute 20th Annual Monetary Conference Bob McTeer of the Federal Reserve Bank of Dallas said the U.S. now has a low inflation rate, close to that of the euro zone. But that the US unemployment rate has been only half…
Bernanke on discretion and monetary policy
SPEECH - In the speech '"Constrained Discretion" and Monetary Policy' Ben Bernanke of the Federal Reserve said laid out the advantages of using a framework of constrained discretion for making monetary policy. The essence of constrained discretion, he…
Fed's Bernanke-U.S. recovery to pick up post-Iraq
Federal Reserve Board Governor Ben Bernanke said on Monday that if the geopolitical uncertainty surrounding a possible war against Iraq is soon resolved, the economy should grow above potential in the second half of the year.
Presidents of the Federal Reserve Banks
PRESS RELEASE - Sandra Pianalto took office on February 1, 2003, as the tenth chief executive of the Fourth District Federal Reserve Bank, at Cleveland.
Chicago Fed National Activity Index, December 2002
REPORT - CFNAI shows continued softness in economic growth in December - In December, the Chicago Fed National Activity Index (CFNAI) remained below zero for a fifth consecutive month. The monthly index came in at -0.49 in December, a small improvement…
McTeer on economic prospects for the US
SPEECH - In the speech 'X' Bob McTeer of the Federal Reserve Bank of Dallas said as a central banker he should say something about inflation. "Well, it's low and conditions are already ripe for it to go lower. Especially if growth picks up. And a policy…
Minutes of the Federal Open Market Committee
MINUTES - The Federal Reserve on 30 January released the minutes of its FOMC meeting of 10 December. The information reviewed at this meeting suggested that economic growth had been sluggish on balance since midsummer. Industrial production dropped…
December FOMC saw monetary policy well positioned
Federal Reserve policymakers believed they had already laid a foundation for a pickup in U.S. economic growth when they decided in December to hold interest rates steady, FOMC minutes released on Thursday showed.
Mizoguchi says Japan shares Fed view on US economy
Japan's top financial diplomat, Zembei Mizoguchi, said on Thursday that Japan shares the Federal Reserve's view on the U.S. economy, but said he had no comment on short-term moves in the forex market.
Treasury's Fisher declines comment on Fed job
Senior U.S. Treasury official Peter Fisher on Wednesday declined to comment when asked about reports he is a leading candidate to head the New York Federal Reserve Bank after the retirement of William McDonough in July.
Does the Beige Book move financial markets?
RESEARCH - In the Atlanta Fed Working Paper 'Does the Beige Book Move Financial Markets?' the authors examine whether the descriptive content of the Beige Book affects asset prices. Their results indicate that more positive Beige Book reports on economic…
IMF says ECB shows mediocre market predictability
The International Monetary Fund has criticised the European Central Bank for confusing markets and said it was less predictable than its central bank peers, the U.S. Federal Reserve and the Bank of England.
Fed's McTeer says new recession unlikely
Dallas Federal Reserve Bank President Robert McTeer said on Thursday the U.S. economy was unlikely to fall back into recession, saying the stage for continued growth is "set reasonably well."
Fisher seen as likely next New York Fed Chief
Although the search to fill the important shoes of New York Federal Reserve Bank President William McDonough has only just begun, it seems that the US Treasury's Peter Fisher has emerged as a clear front-runner.
Broaddus on the economic outlook for 2003
SPEECH - In the speech 'The Economic Outlook for 2003' Alfred Broaddus of the Federal Reserve Bank of Richmond said he thought the Federal Reserve was unlikely to "run out of ammunition" as substantial levels of liquidity could still be introduced to the…
Kansas City Fed Economic Review, Fourth Quarter 02
PUBLICATION - The Federal Reserve Bank of Kansas City has published the Fourth Quarter 2002 edition of its Economic Review. This edition contains articles from the bank's 2002 Economic Policy Symposium, 'Rethinking Stabilization Policy' - Central Bank…
Fed Chairman Alan Greenspan's house broken into
Police are investigating a burglary at the Washington, D.C., residence of Federal Reserve Chairman Alan Greenspan, the U.S. central bank said on Friday.
Pianalto to sit in for Jordan at January FOMC
Sandra Pianalto, who assumes the presidency at the Cleveland Federal Reserve Bank on 1 February, will sit in for departing President Jerry Jordan at the Fed's 28-29 January policy meeting, a spokeswoman at the bank said.
Fed's Parry-reason for uncertainty on U.S. economy
San Francisco Federal Reserve President Robert Parry said on Friday the threat of war with Iraq and the risk of terror attacks have created much uncertainty about the U.S. economic recovery.
Federal Reserve Bank of New York Press Release
PRESS RELEASE - Federal Reserve Bank of New York President William J. McDonough announces intent to retire, 16 January.
Federal Reserve Board Press Release
PRESS RELEASE - Statement by Federal Reserve Board Chairman Alan Greenspan, 16 January.
Backstrom on Financial Cycles
SPEECH - In the speech 'Financial Cycles' Urban Backstrom of Sweden's central bank said financial crises substantially increase the risk of outright deflation after some time. A central bank could manage this risk in two ways: by at least trying to…