Federal Reserve System
ECB and BoE - distinguishing features
UK - Analysts often laud the speed of the Fed's response times, like the BoE's, to changes in the business climate, while they decry the supposed "slowness" and unpredictable nature of the ECB.
Testimony of Richard Spillenkothen of the Fed
TESTIMONY - In his testimony titled 'Antiterrorism initiatives' Spillenkothen said that the Federal Reserve has a significant commitment to the bank regulatory community's anti-money laundering and anti-terrorism mission and that we will continue our…
Chicago Fed Letter, February 2002
REPORT - According to research in the latest Chicago Fed Letter, improvements in average worker skill levels have slowed and are likely to continue to slow the rest of this decade, which could negatively impact U.S. productivity growth in years to come.
Testimony of Fed Chairman Alan Greenspan
SPEECH - In his testimony before the US Senate titled 'The state of the economy' Greenspan said that the US economy seemed finally to be climbing out of recession.
Speech by Anthony Santomero of Philadelphia Fed
SPEECH - In the speech titled 'Great Expectations: Monetary Policy in Today's Economy' Santomero said the U.S. Federal Reserve has room to cut interest rates further from their already rock-bottom level if need be.
Speech by William Poole of the St. Louis Fed Bank
SPEECH - Poole said in the speech titled 'Flation' that within the confines of the goal of price stability, the central bank has some flexibility to lean against fluctuations in output and employment but that this goal should not be compromised in…
Fed's Poole - C banks mustn't risk price stability
US - St. Louis Federal Reserve President William Poole warned on Monday that central banks should not chase economic stability at the expense of stable prices.
Greenspan: US economy is picking up
US - The US economy seems finally to be climbing out of recession, Federal Reserve chairman Alan Greenspan said.
Speech by Michael Moskow, President, Chicago Fed
SPEECH - In the speech titled 'Economic Trends 2002' Moskow said that he did not see a near-term threat to the U.S. economy from deflation, although prices for some goods have been declining. "I don't see deflation as a threat to our economy on the near…
Fed's Moskow says sees no U.S. deflation threat
US - Chicago Federal Reserve President Michael Moskow said on Friday that he did not see a near-term threat to the U.S. economy from deflation, although prices for some goods have been declining.
Speech by Jack Guynn President of the Atlanta Fed
SPEECH - In the speech titled 'The Economic Outlook for 2002' Jack Guynn said he was closely watching corporate profits for signals of a turnaround in the U.S. economy.
Regional Economy Newsletter Winter 2002
RESEARCH - The Winter 2002 Regional Economy Newsletter for upstate New York has been issued by the Federal Reserve Bank of New York.
Greenspan O'Neill to testify on financial literacy
US - Federal Reserve Chairman Alan Greenspan, Treasury Secretary Paul O'Neill, and Securities and Exchange Commission Chairman Harvey Pitt will testify in Congress early next month on efforts to promote financial literacy, the Senate Banking Committee…
Speech by Federal Reserve Governor Ed Gramlich
SPEECH - In the speech titled 'Predatory Lending' Gramlich said recent updates to the Federal Reserve's anti-predatory lending regulations tried to target especially harmful practices, rather than subprime lending in general.
Gramlich - Survey influenced new loan measures
US - Recent updates to the Federal Reserve's anti-predatory lending regulations tried to target especially harmful practices, rather than subprime lending in general, Federal Reserve Governor Edward Gramlich said Friday.
Speech by J Alfred Broaddus Richmond Fed President
SPEECH - In the speech 'Thoughts on the Economic Outlook for 2002' Broaddus said that the Fed's policy moves to date have been "significant" and will help with the economic recovery.
Philadelphia Business Outlook Survey
REPORT - Federal Reserve Bank of Philadelphia, Business Outlook Survey, 17 January 2002.
Broaddus - Fed moves significant and help recovery
US - Richmond Federal Reserve Bank President Alfred Broaddus said Friday the Fed's policy moves to date have been "significant" and will help with the economic recovery.
Speech by Robert Parry of the San Francisco Fed
SPEECH - In the speech 'The Economy in 2002' Robert Parry said on Wednesday that recent mixed economic data are encouraging and a resumption of growth is possible this quarter - but it is too early to count on.
Fed's Parry: US recovery could happen in Q1 2002
US - San Francisco Federal Reserve President Robert Parry said on Wednesday that he expects the U.S. economy to be growing again by the second quarter of this year, and possibly earlier.
Speech by Federal Reserve Chairman Alan Greenspan
SPEECH - In the speech 'The history of money' Alan Greenspan praises central bankers' success in containing inflation during the past two decades and raises hopes that fiat money can be managed in a responsible way. This has been the case in the United…
Speech by Laurence Meyer of the Federal Reserve
SPEECH - This speech 'Rules and discretion' focuses specifically on how the study of rules can be helpful in informing discretionary policy decisions. Laurence Meyer's term at the Fed is due to finish at the end of January 2002.
Speech by Roger Ferguson of the Federal Reserve
SPEECH - In the speech Ferguson says that the U.S. economy should rebound from recession relatively soon but it is difficult to gauge how vigorous the bounceback will be.
Federal Reserve Board - Beige Book
REPORT - Prepared at the Federal Reserve Bank of Dallas and based on information collected before January 9, 2002. This document summarizes comments received from business and other contacts outside the Federal Reserve and is not a commentary on the…