Federal Reserve System
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…
Speech by Federal Reserve Governor Mark Olson
SPEECH - There are no widespread problems with banks' use of so-called special purpose vehicles - accounting moves aimed at taking risks off their balance sheets that have come under scrutiny recently, Federal Reserve governor Olson said on Thursday in a…
Andersen hires Volcker to restore confidence
US - Accounting giant Arthur Andersen, under attack for its auditing of Enron's finances, said Sunday it has tapped former Federal Reserve Board chairman Paul Volcker to help overhaul its business procedures.
Meyer exits, search for Fed candidates gains pace
FEATURE - The departure of prize-winning economist Laurence Meyer from the Federal Reserve has given added urgency to the need to fill two empty seats on the board at a key juncture in the U.S. economy.
Speech by Dino Kos of the Reserve Bank of New York
SPEECH - In the speech titled 'The Interplay of Markets and the Fed's Market Operations' Kos said 'The Federal Reserve is still considering what sort of securities it will hold in its portfolio, and is still weighing the possibility of buying Ginnie Mae…
Speech by Jamie Stewart of the New York Fed Bank
SPEECH - In the speech Stewart talks about shocks to the payments system resulting from 11 September. He calls the events 'unprecedented challenges to the operation of the payments system'.
Testimony of Fed Chairman Alan Greenspan
TESTIMONY - In his testimony titled 'Financial literacy' Greenspan said "for an increasingly complex financial system to function effectively, widespread dissemination of timely financial and other relevant information among educated market participants…
Greenspan urges better financial knowledge
US - Federal Reserve Chairman Alan Greenspan said on Tuesday that consumers needed to increase their financial knowledge to cope with an increasingly sophisticated marketplace.
St Louis Fed report, Central Banker, Winter 2001
REPORT - Fed Releases Comprehensive Retail Payments Study, reports the Winter 2001 edition of the St Louis Fed's Central Banker.
Fed minutes suggest rate hikes sooner than thought
US - A clearly recovering economy may allow the Fed to lift interest rates higher sooner, and by a wider margin, than currently projected - simply because the markets are prepared for such a development.
White House says interviewing Fed candidates
US - The Bush administration is interviewing candidates to fill two vacancies on the powerful seven-member Federal Reserve Board, a senior U.S. official said on Thursday.