Federal Reserve System
Federal Reserve to redesign notes
PRESS RELEASE - The US Treasury and Federal Reserve has announced plans for redesigned notes with improved security features to deter counterfeiting. It will affect the $100, $50, and $20 notes.
Federal Reserve Board Press Release
PRESS RELEASE - Joint Press Release by the Board of Governors of the Federal Reserve System and the Bureau of Engraving and Printing, 20 June.
Speech by Robert Parry, San Francisco Fed, 17 Jun
SPEECH - Parry said in a speech titled 'After the Recession: A Monetary Policymaker Looks Ahead' that "we're now in the midst of a modest expansion," after a shallow recession which probably ended in December or January.
US economy - Explaining outlook is Fed's challenge
FEATURE - Federal Reserve officials meet Tuesday and Wednesday to accomplish two tasks: to set the course of interest rates and outline a view on the U.S. economy.
Speech by Susan Schmidt Bies of the Fed, 20 Jun
SPEECH - Speech by Fed governor, Susan Bies to the World Bank's 2002 finance forum meeting in Chantilly, Virginia. Bies examines whether developing countries can learn from the US experience in banking regulation.
Speech by Robert Parry, San Francisco Fed, 6 Jun
SPEECH - In the speech titled 'After the Recession: A Monetary Policymaker Looks Ahead' Parry said that once the expansion takes hold interest rates will have to move up to prevent a build up of inflationary pressures but that for now the approach can be…
US Fed scare proves to be a false alarm
US - Staff at the Washington headquarters of the US Federal Reserve have been allowed back into their offices after an earlier bomb scare proved to be a false alarm.
Parry said Fed can be "deliberative" over rates
USA - San Francisco Federal Reserve President Robert Parry said that doubt over how long the current "modest expansion" would last leaves the Federal Reserve room to be "deliberative" over hiking interest rates.
Cautious optimism on recovery from Fed's Ferguson
SWEDEN - Federal Reserve Board vice-chairman Roger Ferguson delivered a buoyant appraisal of the US economy in an interview published in Swedish newspaper on Friday. "I am cautiously optimistic about the US cyclical development. A recovery is on its way…
Why the Fed should ignore the stock market
ARTICLE - Opinion from James B. Bullard and Charles M. Hokayem of the Federal Reserve Bank of St. Louis argue the Fed should not react to equity price developments because it would be 'similar to looking in a mirror', saying that such a policy would only…
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.