Federal Reserve System
Federal Reserve Board - Beige Book
REPORT - Prepared at the Federal Reserve Bank of Boston and based on information collected before February 26, 2002. This document summarizes comments received from business and other contacts outside the Federal Reserve and is not a commentary on the…
Central bankers forged together over steel tariffs
US - ECB president Wim Duisenberg and Federal Reserve chairman Alan Greenspan both spoke yesterday of their disagreement with the US government's decision to impose tariffs on steel. US treasury secretary Paul O'Neill, however, came out in favour of the…
Gramlich- fiscal stimulus should be reversible
US - A Federal Reserve official on Thursday said measures the government takes to ward off recession should meet several criteria, including being easily reversible.
Why Greenspan allowed irrational exuberance
FEATURE - Why Greenspan allowed irrational exuberance - The Federal Reserve's past reluctance to crack down on a runaway bull market raises questions about its remit.
Testimony of Fed Chairman Alan Greenspan, 7 Mar
TESTIMONY - Testimony of Federal Reserve Chairman Alan Greenspan before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, 7 March.
Speech by Roger Ferguson, Federal Reserve, 4 Mar
SPEECH - In the speech titled 'Back to the Future in Managing Banking Risk' Ferguson said "after nearly a decade of steady improvement, earnings from core bank operations and other measures of financial strength for the U.S. banking system have taken an…
Fed's Ferguson - Banks shouldn't become complacent
US - A top Federal Reserve official on Monday warned banks against complacency in taking risks as they deal with slowing growth, though he said there was no reason to be alarmed about the downturn in earnings.
Speech by M Moskow, President, Chicago Fed, 5 Mar
SPEECH - In the speech titled 'Perspectives on the Economy' Moskow said that he believes a U.S. economic recovery "may very well be under way," although the strength and shape of the resurgence is hard to predict.
Technology Shocks and Monetary Policy
RESEARCH - Technology Shocks and Monetary Policy: Assessing the Fed's Performance, Jordi Gali; J. David Lopez-Salido; Javier Valles, National Bureau of Economic Research.
Speech by Roger Ferguson, Federal Reserve, 4 Mar
SPEECH - In the speech titled 'A Supervisory Perspective on Disaster Recovery and Business Continuity' Ferguson said "We must view 11 September as a wake-up call to improve the resilience of financial markets and institutions. We cannot afford to ignore…
Banks must invest in long term risk management
US - Federal Reserve Vice Chairman Roger Ferguson said Monday that banks must devote attention and resources to financial risks, despite the upfront costs of such efforts.
Speech by Fed Reserve Governor Ed Gramlich, 1 Mar
SPEECH - In the speech titled 'Lending to lower-income households' Gramlich expressed hope on Friday that the U.S. central bank's recent moves against abusive home mortgage loans will be successful.
Speech by Fed Chairman Alan Greenspan, 28 February
SPEECH - In the speech titled 'Saving for retirement' Greenspan said "The level of saving remains a key ingredient of economic growth, but we need to know whether the source of that saving is sustainable."
Speech by Susan Schmidt Bies of the Fed, 28 Feb
SPEECH - In the speech titled 'Strengthening the Financial System of the 21st Century through Sound Accounting and Disclosure' Bies said "It has become clear in recent months that some companies have not been completely transparent in their application…
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…