Federal Reserve System
Federal Reserve Beige Book, June 2002
REPORT - The Federal Reserve has issued the Beige Book for June, which states that overall economic activity expanded at a moderate pace in late April and May. The tone was one of modest but uneven growth, with some major sectors showing signs of…
Speech by Fed governor Susan S. Bies, 11 June
SPEECH - Remarks by Susan S. Bies on bank performance and corporate governance at the 112th Annual Meeting of the Tennessee Bankers Association, Hot Springs, Virginia.
Speech by Fed governor Susan S. Bies, 10 June
SPEECH - Fed governor Susan S. Bies delivered a speech on 'Lessons to be Re-Learned from Recent Breakdowns in Corporate Accounting' to the Institute of International Bankers in New York on 10 June. She attempted to outline what should be re-learned from…
Atlanta Fed Working Paper, June 2002
RESEARCH - Working Paper from the Federal Reserve Bank of Atlanta on 'International Money and Common Currencies in Historical Perspective' by Gerald P. Dwyer Jr. and James R. Lothian. They conclude that the euro is likely to be serious competition for…
US inflation low says Fed nominee Donald Kohn
USA - Federal Reserve Board nominee Donald Kohn said on Thursday that US inflation was "pretty darn low" and that the economy was looking healthy: "we are getting awfully close to some zone of price stability if we are not probably already in it".
New York Fed research on inventory volatility
RESEARCH - The latest edition of the Federal Reserve Bank of New York's Current Issues in Economics and Finance, Volume 8 Number 5, titled "Has Inventory Volatility Returned? A Look at the Current Cycle".
Speech by Fed Governor Mark Olson, 31 May
SPEECH - In a speech titled 'The Dual Banking System and the Current Condition of the Banking Industry', Federal Reserve Board Governor Mark W. Olson talks to the Conference of State Bank Supervisors in Salt Lake City about the historic and continuing…
Reforming China's banking system
RESEARCH - Federal Reserve Bank of San Francisco 'Economic Letter' concerning the reform of China's banking system, by Ramon Moreno, Research Advisor, 31 May.
Speech by M Moskow, President, Chicago Fed, 23 May
SPEECH - SPEECH - Moskow gave a speech Thursday titled 'Benefits of Open Markets and Expanded Trade', in it he said "because the downturn was moderate, we expect that the early stages of this recovery will also be moderate by historical standards."
Chicago Fed national index negative in April
USA - The Federal Reserve Bank of Chicago said on Thursday its National Activity Index was mired in negative territory for the 22nd consecutive month in April at a level of -0.22.
Fed's McTeer-US rebound like 'jobless recovery'
CANADA - Federal Reserve Bank of Dallas President Robert McTeer said on Thursday that the US economy's rebound from recession resembled a jobless recovery.
Speech by M Moskow, President, Chicago Fed, 16 May
SPEECH - In a speech titled 'Economic Outlook' Moskow said "While certain sectors of the economy are still experiencing hard times, overall activity has recovered from the recession we suffered last year and we appear to be on our way to a moderate…
Research from the St Louis Fed
REPORT - The Federal Reserve Bank of St. Louis Review, May/June 2002.
Speech by M Moskow, President, Chicago Fed, 10 May
SPEECH - In remarks to the Conference on Bank Structure and Competition Moskow said that at issue is whether banks behave in a manner that tends to accentuate business cycles, and whether bank regulation further augments this volatility.
Speech by Cathy Minehan, Boston Fed Bank, 8 May
SPEECH - In a speech titled 'U.S. Retail Payments: Change, Challenge and Opportunity' Minehan said "the payments system today faces sources of significant change--change in the form of new payments choices by consumers and businesses, driven by the…
Speech by W. McDonough, New York Fed Bank, 14 May
SPEECH - McDonough says in his speech "Improvements in accounting and disclosure practices will help safeguard the proper use of financial derivatives. Transparency not only will provide a healthy incentive for firms to manage their risks prudently but…
Speech by Robert Parry, San Francisco Fed, 14 May
SPEECH - In a speech titled 'After the Recession: A Monetary Policymaker Looks Ahead' Parry predicted higher interest rates at some point, saying the Fed may be "deliberative" as inflation poses no "imminent problem." Excess capacity and rising…
Speech by M Moskow, President, Chicago Fed, 9 May
SPEECH - In opening remarks to the 38th Annual Conference on Bank Structure and Competition Moskow said the two day conference will explore the forces that drive the behavior of financial firms during the business cycle. We also will examine how these…
Stern sees signs business spending picking up
FEATURE - Federal Reserve Bank of Minneapolis President Gary Stern said on Thursday that business spending was starting to pick up and the U.S. economy is on track for moderate growth this year.
Fed's Moskow - lower trade barriers boost growth
US - U.S. policies that reduce barriers to trade will expand employment over the long term, boost incomes and add to economic growth, said Michael Moskow, president of the Federal Reserve Bank of Chicago on Thursday.
Fed's McTeer - US GDP growth slower in Q2 than Q1
US - Dallas Federal Reserve President Robert McTeer said on Thursday he expects U.S. gross domestic product to grow more slowly in the current quarter than in the first three months of the year.
Testimony of Fed Governor Mark Olson, 22 May
SPEECH - Mark Olson gives a speech titled 'The European Union's Financial Services Action Plan' to the Committee on Financial Services, U.S. House of Representatives.
New York Fed's Economic Policy Review, Vol. 8
CONFERENCE - Proceedings of a conference on 'Financial Innovation and Monetary Transmission' sponsored by the Federal Reserve Bank of New York, April 5 and 6, 2001. The overral finding is that financial innovation, the evolving behaviour of firms, and…
Speech by Fed Vice Chairman Roger Ferguson, 21 May
SPEECH - "It does appear that a turnaround is under way and the question obviously is how robust it is going to be for the rest of this year," Ferguson said in answer to a question after giving a speech titled 'Community and Regional Banks: Increasing…