Federal Reserve System
Speech by Fed Chairman Alan Greenspan, 3 May
SPEECH - In a speech made Friday titled 'Stock Options and Related Matters' Greenspan said failure by firms to count option grants to employees as expenses may significantly distort earnings.
Current practices distort earnings - Greenspan
US - Federal Reserve Chairman Alan Greenspan on Friday said failure by firms to count option grants to employees as expenses may significantly distort earnings.
Financial literacy programs making grade?
US - If financial literacy programs are to succeed, more research is needed on their success rate, Federal Reserve Governor Edward M. Gramlich said Thursday.
Speech by J.C. Trichet of Banque de France, 23 Apr
SPEECH - Trichet said in a speech titled 'Asset Price Bubbles and their Implications for Monetary Policy and Financial Stability' that asset price developments are a serious cause of concern for central banks since they may impinge upon both price and…
Speech by Robert Parry, San Francisco Fed, 1 May
SPEECH - In the speech titled 'The Role of the Federal Reserve in the Economy' Parry attempts to answer some of the questions he says he often hears people ask, such as What's the Fed's role in the economy?, How does it function? and What can it do for…
St Louis Fed official on guard for inflation
US - St. Louis Federal Reserve President William Poole on Thursday warned that policymakers must be on guard and said low and stable inflation was key to keeping the current U.S. economic expansion strong and long-lasting.
Speech by M Moskow, President, Chicago Fed, 1 May
SPEECH - In a speech titled 'The Impact of Open Markets and Expanded Trade on Economic Development' Moskow said that whilst some were opposed to free trade he would continue to believe that openness is essential to long-term prosperity in both the…
Speech by Fed Reserve Governor Mark Olson, 30 Apr
SPEECH - In a speech made Tuesday titled 'Risk Management in a Changing Economic Environment' Olson said banks need to do more to clarify the risks they are taking, and regulators must begin to more closely scrutinize firms' internal audits.
Olson isn't saying what banks want to hear
FEATURE - Bankers' hopes were high in December when Mark W. Olson was sworn in as a member of the Federal Reserve Board but the American Banker reports, 1 May, that Mr Olson has provided the banking industry with nothing but tough love.
Bush expected to name Fed nominees - Report
USA - U.S. President George W. Bush is expected to nominate Princeton economist Ben Bernanke and Federal Reserve official Donald Kohn to the central bank's board, sources apparently told Reuters on Tuesday. A White House spokeswoman on Tuesday declined…
Speech by A Santomero of Philadelphia Fed, 25 Apr
SPEECH - Santomero said on Thursday in a speech titled 'The Reluctant Recession: Why Was the Recession So Mild?' that it is too soon to tell when the U.S. economy will be strong enough for the U.S. central bank to consider raising interest rates.
Speech by W. McDonough, New York Fed Bank, 25 Apr
SPEECH - In the speech 'Bank Supervision and Credit Standards under Basel II - Perspectives for SMEs' McDonough said "it is an honor to join your discussion on the efforts of the Basel Committee on Banking Supervision to ensure that the international…
Speech by William Poole, St Louis Fed Bank, 25 Apr
SPEECH - Poole warned on Thursday in a speech titled 'As Easy as P.I.E.: Productivity, Innovation and Education' that policymakers must be on guard and said low and stable inflation was key to keeping the current U.S. economic expansion strong and long…
Testimony of Fed V.Chairman Roger Ferguson, 24 Apr
TESTIMONY - In testimony on Wednesday Ferguson said that the U.S. economic outlook had "brightened", but cautioned that an ongoing strong expansion of final demand was not definite.
Speech by Robert Parry, San Francisco Fed, 23 Apr
SPEECH - Parry said on Tuesday in a speech titled 'Inside the Federal Reserve: A District Bank President's Perspective' uncertainty lingers about the strength of the U.S. economic recovery and the Fed can take its time deciding when to raise short-term…
Federal Reserve Board - Beige Book
REPORT - Prepared at the Federal Reserve Bank of Kansas City and based on information collected before April 16, 2002. This document summarizes comments received from business and other contacts outside the Federal Reserve and is not a commentary on the…
Richmond's Broaddus says US recovery appears solid
US - Richmond Federal Reserve President Alfred Broaddus on Wednesday expressed confidence that the U.S. economic rebound would prove to be a solid one, but said the Fed needs more information to gauge the recovery's pace.
Speech by M Moskow, President, Chicago Fed, 17 Apr
SPEECH - Moskow said in a speech titled 'The Impact of Open Markets and Expanded Trade on Economic Development' that the U.S. economic recovery is underway and the full effects of the reduction in rates over the past 15 months have yet to be felt.
Speech by M Moskow, President, Chicago Fed, 22 Apr
SPEECH - In his opening remarks to the Asset Bubbles Conference Moskow said that during the last two decades, there have been instances throughout the developed and developing worlds of prolonged build-ups and sharp collapses in asset prices in stock,…
Speech by Fed Chairman Alan Greenspan, 22 Apr
SPEECH - Federal Reserve Chairman Alan Greenspan said on Monday in a speech titled 'Finance: United States and global' he saw early signs of a recovery in business capital spending but warned that he did not believe the corporate investment rebound would…
An overview of the Federal Reserve System
FEATURE - In an interesting article Hoover's Company Profiles look at the history of the Federal Reserve. The Federal Reserve Act followed the panic which ensued after the failure of New York's Knickerbocker Trust Company in 1907. J. P. Morgan strong…
Testimony of Fed Chairman Alan Greenspan, 23 Apr
TESTIMONY - Federal Reserve Chairman Alan Greenspan told the Senate Banking Committee Tuesday that the board opposes proposals in Congress to raise deposit insurance coverage above its current cap of $100,000 per account.
Volcker seen as likely to step aside at Andersen
USA - Paul A. Volcker, the former Federal Reserve chairman sought to help embattled Arthur Andersen LLP map out a future, now looks likely to step aside, deepening the crisis within the accounting firm, Monday's Wall Street Journal reported.
Speech by Cathy Minehan, Boston Fed Bank, 20 Mar
SPEECH - Minehan said at the Annual Meeting of The Boston Industrial Development Financing Authority that the Boston-area economy is much better positioned to weather economic downturns compared to years' past.