Federal Reserve System
FOMC: 'Mild and short contraction' of US econ seen
US - Federal Reserve policymakers expect a "relatively mild and short" U.S. recession, but they're inclined to keep cutting interest rates to banish the prospect of a nastier downturn, minutes of their recent policy meetings suggest.
Federal Reserve cuts rates to lowest since 1961
UNITED STATES - Struggling to reverse the slide in the U.S. economy, or at least to slow it, the Federal Reserve cut short-term interest rates on Tuesday by half a percentage point, to 2 percent, the lowest level since the 1960s.
Australia leaves interest rates unchanged
AUSTRALIA - Australia's central bank has opted to keep its interest rates unchanged on Wednesday despite the US Federal Reserve cutting its key overnight rates by 50 basis points to its lowest level in 40 years.
Federal Reserve Press Release
PRESS RELEASE - Monetary policy decisions by the Federal Reserve Board, 6 November.
Credit card issuers to benefit from Fed rate cut
USA - Issuers of credit cards, hurt by concerns the weakening economy will ramp up charge-off rates, may get a respite from the latest round of interest rates cuts by the Federal Reserve.
Fed expected to cut rates by another half-point
US - The US Federal Reserve is poised to cut interest rates today for the tenth time this year, extending its most aggressive rate-cutting campaign in recent history amid yet more evidence of proliferating weakness in the world's economic power.
Chicago Fed National Activity Index
REPORT - The Chicago Fed National Activity Index (CFNAI) was virtually unchanged at -1.28 in September. The three-month moving average index (CFNAI-MA3) was -0.95 in September, marking the fifteenth consecutive month that the CFNAI-MA3 was below zero.
US economy "quite weak" in September-Chicago Fed
US - The U.S. economy was "quite weak" and performed below trend for the 15th straight month in September, the Federal Reserve Bank of Chicago said on Monday.
GATA - Howe lawsuit goes to Boston hearing
US - A hearing in GATA consultant Reginald H. Howe's gold market manipulation lawsuit against the Bank for International Settlements, the U.S. Federal Reserve Board and Treasury Department, and five bullion banks will be held at 2 p.m. Monday in U.S…
Testimony of Dolores Smith at the US House of Reps
TESTIMONY - Testimony of Dolores S. Smith, Director, Division of Consumer and Community Affairs before the Subcommittee on Financial Institutions and Consumer Credit of the Committee on Financial Services, U.S. House of Representatives, 1 November.
Fed's Smith - Rates dominate credit card pricing
US - The Federal Reserve's director of consumer affairs told a house panel Thursday that interest rates have come to dominate pricing practices for credit cards in recent years, although there is little systematic information about other aspects of card…
International Finance Discussion Papers
RESEARCH - Federal Reserve Board Working Papers, Evidence Uncovered: Long-Term Interest Rates, Monetary Policy, and the Expectations Theory by Jennifer E. Roush, October 2001.
Minutes from Federal Reserve Board meeting
PRESS RELEASE - The Federal Reserve Board on Friday released the minutes of its discount rate meetings from May 21, 2001 to September 17, 2001.
Speech by Edward Gramlich of the Federal Reserve
SPEECH - Remarks by Governor Edward M. Gramlich, of the Federal Reserve Board, at the CRA and Fair Lending Colloquium, Boston, Massachusetts, 23 October.
Speech by Bob McTeer of the Dallas Fed Bank
SPEECH - Remarks by Bob McTeer, President and CEO of the Federal Reserve Bank of Dallas, before the Cato Institute 19th Annual Monetary Conference, Mexico City, 24 October.
Dallas fed board chairman and dep reappointed
US - The Federal Reserve Board of Governors has reappointed H. B. Zachry chairman and Patricia Patterson deputy chairman of the Federal Reserve Bank of Dallas board of directors for the year 2002, beginning 1 January.
Speech by William Poole of the St. Louis Fed Bank
SPEECH - A lecture presented before The Institute of Governmental Affairs, University of California, Davis, California, 18 October, by William Poole, President of the Federal Reserve Bank of St. Louis.
Speech by Federal Reserve Chairman Alan Greenspan
SPEECH - Remarks by Federal Reserve Chairman Alan Greenspan, before the National Council on Economic Education, Chicago, Illinois (via videoconference) 26 October.
Greenspan - Informed consumers make better choices
US - Federal Reserve Chairman Alan Greenspan in a speech on Friday stressed the importance of education in helping consumers make better choices in their financial lives.
Fed's Poole - More rate cuts to be made if needed
US - The U.S. economy may show some signs of recovery toward the end of this year, said William Poole, president of the Federal Reserve Bank of St. Louis.
Speech by Alfred Broaddus President Richmond Fed
SPEECH - Remarks by J. Alfred Broaddus, Jr., President of the Federal Reserve Bank of Richmond, at the Fall Business Forum Luncheon, Lenoir-Rhyne College Business Council, Hickory, NC, 16 October.
Speech by Federal Reserve Chairman Alan Greenspan
SPEECH - Remarks by Chairman Alan Greenspan, Federal Reserve Board Chairman at the Institute for International Economics' Inauguration of the Peter G. Peterson Building, Washington, D.C., 24 October.
Greenspan sets out defence of free markets
US - Alan Greenspan, Federal Reserve chairman, speaking on Wednesday levelled one of his most aggressive defences yet of free markets, while warning that the prospect of additional terrorist acts threatened to reduce trade and its economic benefits.
Fed's McTeer - Rate cuts not effective enough yet
US - Four percentage points worth of rate cuts by the Federal Reserve have so far not done enough to help the struggling U.S. economy, Federal Reserve Bank of Dallas President Robert McTeer said Wednesday.