Federal Reserve System
Greenspan urges US to save
UK - Federal Reserve Chairman Alan Greenspan has called savings an important component of the economy and urged a national consensus on balancing savings and risk-taking while preserving productivity.
Speech by Roger Ferguson, Federal Reserve, 27 Feb
SPEECH - In the speech titled 'A Review of Economic Developments in 2001 and the Economic Outlook' Ferguson said "signs of economic recovery are increasing" and added that U.S. consumer spending had helped the economy to stabilize, noting that low…
Fed's Ferguson sees signs of U.S. recovery
US - Federal Reserve Vice Chairman Roger Ferguson said on Wednesday that signs of a U.S. economic recovery were increasing, but that a revival in business investment held the key to the contours of the rebound.
Federal Reserve Board Press Release
PRESS RELEASE - The Federal Reserve Board announced on Wednesday that the Consumer Advisory Council will hold its next meeting on Thursday, March 14. The meeting will take place in Dining Room E, Terrace level, in the Board's Martin Building. The session…
Journal of Banking & Finance paper
RESEARCH - Risk management in the global economy: A review essay by William C. Hunter, Stephen D. Smith.
Testimony of Fed Chairman Alan Greenspan, 27 Feb
TESTIMONY - In his testimony before Congress Greenspan said the U.S. economic rebound this year is likely to be slightly weaker than Wall Street expects because the recovery may be restrained by a lack of consumer demand, industrial overcapacity and…
Monetary Policy Report to the Congress
REPORT - Federal Reserve Board Monetary Policy Report to the Congress, 27 February.
Greenspan says US economic recovery may be weak
US - Federal Reserve Chairman Alan Greenspan said the U.S. economic rebound this year is likely to be slightly weaker than Wall Street expects because the recovery may be restrained by a lack of consumer demand, industrial overcapacity and skittish U.S…
Atlanta Fed's Guynn sees slow-paced U.S. recovery
US - Atlanta Federal Reserve Bank President Jack Guynn predicted on Monday that the U.S. economy's recovery from recession will be slower than in the past recoveries, with consumer spending and housing unlikely to lend the usual kick.
Survey of Professional Forecasters
RESEARCH - The U.S. economy will rebound sooner rather than later, according to 35 forecasters surveyed by the Federal Reserve Bank of Philadelphia. The forecasters expect stronger growth over the next three quarters than they projected in the survey of…
Federal Reserve Bank of Philadelphia, News Release
NEWS RELEASE - The Federal Reserve Bank of Philadelphia today released its Business Outlook Survey for February. For the second month, responses from manufacturing firms indicate an increase in activity. However, employment is still reported to be in…
Minutes from 1996 Fed meetings bear out
US - In the months leading up to Federal Reserve Chairman Alan Greenspan's famous 1996 warning of investor "irrational exuberance," then-Fed governor Lawrence Lindsey was the central bank's most vociferous internal proponent of the view that the stock…
Fed wants banks' help with cash - handling
US - The Federal Reserve says its resources are increasingly taxed by banks' growing habit of placing currency on deposit with the central bank, and it plans to call on bankers to figure out a solution to the problem.
Speech by Fed Reserve Governor Ed Gramlich, 20 Feb
SPEECH - In the speech titled 'Consumption and the Wealth Effect: The United States and the United Kingdom' Gramlich said the run-up in household wealth in the late 1990s - in the form of rising stock and home prices - clearly affected consumer spending,…
Economist may be top candidate for Fed role
US - A highly regarded economist is one of the top candidates for one of two vacancies on the Federal Reserve Board of Governors, an administration official said Wednesday.
Fed ready to raise rates this year - Guynn
US - The Federal Reserve may start reversing its series of 11 interest rate cuts if a stronger-than-expected recovery this year rekindles inflation concerns, says Jack Guynn, president of the Federal Reserve Bank of Atlanta.
Speech by William Poole of the St. Louis Fed Bank
SPEECH - In the speech titled 'The Role of Anecdotal Information in Fed Policymaking' Poole said that with formal data giving an incomplete and often delayed picture of the economy, including in the key areas of growth and inflation, anecdotal…
St Louis Fed's Poole - Markets must understand Fed
US - St. Louis Federal Reserve President William Poole said on Wednesday that it was important financial markets understand the goals and plans of monetary policymakers.
Speech by Cathy Minehan, Boston Fed Bank President
SPEECH - In the speech given 11 February Minehan said that while there are good reasons to be optimistic a recovery is at hand or in progress, she cautioned that U.S. consumers, who have remained resilient throughout - will not be able to lift the US…
Federal Reserve Board FOMC Minutes
PRESS RELEASE - The Federal Reserve Board on Friday released the minutes of its discount rate meetings from 19 November, 2001 to 11 December, 2001.
Federal Reserve Bank of Atlanta - Press Release
PRESS RELEASE - Atlanta Fed names Juan C Sanchez Assistant Vice President, 31 January.
When can we forcast inflation?
RESEARCH - Article by Jonas D. M. Fisher, Chin Te Liu and Ruilin Zhou. Chicago Fed researchers show that inflation forecasting models, like the Phillips curve, may still provide sound predictions of inflation. They argue that time periods in which it is…
Treasury's Taylor favoured as Greenspan heir
US - US Treasury Undersecretary John Taylor is the top pick to replace Alan Greenspan as chairman of the Federal Reserve among an influential group of economists.
Speech by Federal Reserve Governor Mark Olson
SPEECH - "The Fed does not attempt to predict market changes, but I hope the process put in place by the Congress will allow financial institutions to adjust to market changes within certain notable bounds," Fed Governor Mark Olson said in a speech on…