Federal Reserve System
Speech by Roger Ferguson, Federal Reserve, 9 Oct
SPEECH - Ferguson gave a speech 'Central Banks and Markets' on receiving the 2002 Distinguished Public Service Award from the Bond Market Association. In the speech he discussed the hot topic of whether central banks have a role in the control of asset…
Speech by Susan Schmidt Bies of the Fed, 8 Oct
SPEECH - In the speech titled 'Corporate Governance and Risk Management' Bies said firms of all sizes should continue to pursue strategies to manage risk. Following sound risk management, governance, and disclosure practices consistently is also crucial…
SARB Monetary Policy Review - October 2002
REPORT - The South African Reserve Bank has published its October Monetary Policy Review. The report reflects on increased inflationary pressures in the South African economy following the depreceiation of the rand in the latter half of 2001.
Speech by Fed Chairman Alan Greenspan, 7 Oct
SPEECH - In a speech on 'The continued strength of the U.S. banking system' Greenspan explores the apparent incongruity between this and the recent substantial losses on corporate credits. He sums up on a cautious but positive note: 'Success, indeed…
Speech by M Moskow, President, Chicago Fed, 3 Oct
SPEECH - Moskow said in a speech on 'The Economy and Expanded Trade' that the last 20 years has brought deregulated financial markets, developed more flexible labor markets and made major advances in technology for the U.S. economy. Moskow concluded that…
US banks 'quite healthy' - Fed's Greenspan
US - Consumers and home owners helped the US banking system absorb bad business loans and remain 'quite healthy,' Federal Reserve chairman Alan Greenspan said.
Chicago Fed Letter, November 2002
PUBLICATION - The November 2002 issue of the Chicago Fed Letter is titled 'A regional perspective on the U.S. business cycle'. It is not difficult to come up with a definition of the business cycle that most of us would understand. A thornier issue is…
Federal Reserve Bulletin - October 2002
REPORT - Article by Brian M. Doyle and Jon Faust titled 'An Investigation of Co-movements among the Growth Rates of the G-7 Countries'.
Speech by Roger Ferguson, Federal Reserve, 3 Oct
SPEECH - In a speech titled 'Business Continuity after September 11' Ferguson looks at business-continuity challenges and discusses a related white paper that US regulators have recently published for public consultation. He also highlights the…
Speech by Gary Stern, Minneapolis Fed Bank, 19 May
SPEECH - In the speech titled 'Reflections on Business, Government and Reputation' Stern said "recent leaders of the Federal Reserve, namely Paul Volcker and Alan Greenspan, are I think widely and deservedly perceived as men of unquestioned integrity and…
Speech by Yutaka Yamaguchi, Bank of Japan, 30 Aug
SPEECH - In the speech titled 'Monetary Policy in a Changing Economic Environment' and published on 1 October by the Bank of Japan, Yamaguchi said that the Bank of Japan's experience showed that price stability, by making low interest rate possible, can…
Central Banker, Fall 2002
REPORT - The Fall 2002 edition of the St. Louis Fed's Central Banker magazine has been published. This edition includes articles on why some changes in the retail payment market may be causing confusion for consumers and looks at the St Louis Fed's new…
Speech by Gary Stern, Minneapolis Fed Bank, 25 Apr
SPEECH - In the speech titled 'The (Uncertain) Resilience of the U.S. Economy' Stern said that two of the Minneapolis Fed's economists reviewed a variety of inflation forecasting models and found that Phillips curve type NAIRU models did no better at…
Speech by W. McDonough, New York Fed Bank, 18 Sep
SPEECH - In the speech titled 'Completing the Journey to the New Basel Accord' McDonough said that motivating all banks to improve their management of risk, and thereby strengthen the stability of the banking system, is one of the principal objectives…
Philadelphia Fed Business Outlook Survey
REPORT - Results from September's Business Outlook Survey show that activity in the region's manufacturing sector has improved modestly, according to firms surveyed for this month's Business Outlook Survey. Most of the survey's broad indicators of…
Chicago Fed Letter, October 2002
PUBLICATION - The October 2002 issue of the Chicago Fed Letter is titled 'Solving the problem of small change' - In the last hundred years, monetary systems have evolved from commodity-based, meaning their value is tied to a commodity like gold, to fiat…
Japan and US: Bubble, Bubble, Toil and Trouble
ARTICLE - With the American economy still sputtering and the Federal Reserve divided over whether to cut interest rates again, foreboding comparisons between the United States and Japan are gaining a renewed currency.
Fed ready to cut rates if necessary - McDonough
US - A top United States Federal Reserve official has offered an assurance that the central bank stands ready to lower interest rates if the economy faltered, but said it was unlikely such help would be needed.
Speech by Susan Schmidt Bies of the Fed, 28 Sep
SPEECH - In the speech titled 'Bank Performance and Corporate Governance' Bies said that following sound accounting, auditing, and disclosure practices consistently is crucial to maintaining the confidence of capital and financial markets. We should…
Philadelphia Fed Business Outlook Survey
REPORT - Results from August's Business Outlook Survey show for the first time this year, manufacturing firms' responses from the Business Outlook Survey indicate a slight decrease in activity. Indicators of general activity, new orders, and shipments…
Chicago Fed National Activity Index, August 2002
REPORT - CFNAI indicates economy slowed in August - In August, the Chicago Fed National Activity Index (CFNAI) fell to its lowest level since December 2001, largely as a result of weakness in the production- and employment-related data. The CFNAI fell to…
Fed's McTeer: Faster economic growth 'essential'
US - Federal Reserve Bank of Dallas President Robert McTeer, who pushed unsuccessfully for lower interest rates at a Fed policy meeting last week, said on Monday it was essential for the U.S. economy to grow faster.
Chicago Fed national activity index drops in Aug
US - The Federal Reserve Bank of Chicago said on Monday its National Activity Index fell in August to its lowest level since December 2001, dragged down by weakness in production and employment data.
NY Fed's McDonough says Brazil should be fine
US - New York Federal Reserve President William McDonough said on Monday that the crisis of confidence in Brazil would likely turn out all right.