Federal Reserve System
Minehan - Data suggest slowdown bottoming out
US - Federal Reserve Bank of Boston President Cathy Minehan said Friday that the U.S. economy slowdown appears to be reaching its end and that recovery may be in sight.
Greenspan sees risks in path to recovery
US - In his first speech on the economy in months, Federal Reserve Chairman Alan Greenspan sounded considerably more cautious about recovery prospects than private forecasters and even fellow Fed policy makers.
Speech by Federal Reserve Chairman Alan Greenspan
SPEECH - Remarks by Federal Reserve Chairman Alan Greenspan at the Ninth Annual Economic Development Summit, The Greenlining Institute, Oakland, California, 10 January 2002.
Greenspan: non-discrimination good for business
US - Federal Reserve Chairman Alan Greenspan said on Thursday that discrimination in lending and other aspects of financial life simply makes for bad business.
Poole - Job losses can rise after recovery starts
US - Recent economic data suggest that the U.S. economy has already seen the worst of the current recession, though the data show little sign about the timing and strength of an economic recovery, Federal Reserve Bank of St. Louis President William Poole…
Speech by William Poole of the St. Louis Fed Bank
SPEECH - In the speech given 11 January 'What is Happening in the U.S. Economy?' Poole gave little direct insight into the Fed's intentions regarding interest rates. The Fed "is ready to act when required" and "ready to do nothing, when required," he…
Fed adds $5 billion reserves through 28-day repos
US - The Federal Reserve said on Thursday it added $5.0 billion in temporary reserves to the banking system through the purchases of 28-day fixed system repurchase agreements.
Speech by Roger Ferguson of the Federal Reserve
SPEECH - In the speech titled 'Why Central Banks Should Talk' Roger Ferguson strongly welcomes the recent trend across the globe toward greater openness. He concludes that central banks should continue to thoughtfully consider proposals to increase…
Speech by Anthony Santomero of Philadelphia Fed
SPEECH - Santomero sees "clear signs of renewed growth by mid-year, and a healthy pace of sustained growth by year-end". He suggests 2002 will be a turnaround year with the Greater Philadelphia region recovering along with the nation.
Philadelphia Fed Survey
REPORT - Fourth Quarter 2001, Survey of Professional Forecasters from the Federal Reserve Bank of Philadelphia.
Fed Ferguson - Timing of recovery still uncertain
US - US Federal Reserve Vice Chairman Roger Ferguson said US data had moved to be more mixed than negative but it was too early to pinpoint the timing of an economic recovery.
Federal Reserve Press Release
PRESS RELEASE - 3 January 2002. Susan Schmidt Bies and Mark W. Olson were formally sworn in as members of the Board of Governors of the Federal Reserve System at a ceremony Thursday in the atrium of the Board's main building in Washington.
Speech by Dino Kos of the Reserve Bank of New York
SPEECH - Remarks by Dino Kos, Executive Vice President, Federal Reserve Bank of New York before the Bond Market Association, Repo and Securities Lending Conference, Roosevelt Hotel, New York, 6 December 2001.
Speech by Bob McTeer of the Dallas Fed Bank
SPEECH - Speech by Bob McTeer, President and CEO, Federal Reserve Bank of Dallas before the Breakfast Plenary of the Team Canada West Mission to Dallas, Dallas, 28 November.
Speech by Laurence Meyer of the Federal Reserve
SPEECH - Laurence Meyer said in a speech on Tuesday afternoon titled 'Financial Stability in Emerging Markets: What Have We Accomplished and What Remains To Be Done?' that an international bankruptcy scheme like that proposed recently by the IMF is not a…
Fed's Meyer skeptical about IMF's bankruptcy plan
US - A senior Federal Reserve policymaker expressed scepticism Tuesday about the International Monetary Fund's plan to allow debt-burdened countries to suspend payments to their creditors, saying it is unlikely to win international political support.
Speech by Michael Moskow, President, Chicago Fed
SPEECH - Speech by Michael H. Moskow, President and CEO, Federal Reserve Bank of Chicago at the Federal Reserve Bank of Chicago Economic Forum, Marriott Hotel - Ft. Wayne, Indiana, 28 November.
Speech by William Poole of the St. Louis Fed Bank
SPEECH - Speech by William Poole, President, Federal Reserve Bank of St. Louis to the Financial Executives International, St. Louis Chapter, St. Louis, Missouri, 27 November.
Speech by Bob McTeer of the Dallas Fed Bank
SPEECH - Speech by Bob McTeer, President and CEO, Federal Reserve Bank of Dallas. The speech mentions 'The French Adam Smith' and begins with a look at the theory of the invisible hand. That one persons spending is anothers income and all benefit…
Fed officials were split over rate cut in November
US - Some Federal Reserve officials expressed discomfort last month with the rapid interest-rate cuts promoted by Fed Chairman Alan Greenspan. Others warned against moving too slowly.
Speech by Michael Moskow, President, Chicago Fed
SPEECH - Speech by Michael H. Moskow, President and CEO, Federal Reserve Bank of Chicago. Michael Moskow said in the speech titled 'Cultural Transformation at the Chicago Fed' that a cultural transformation at the Federal Reserve Bank of Chicago has…
Kelley resignation now official at Fed
US - Federal Reserve Board Governor Edward W. Kelley Jr. officially resigned Wednesday, saying it was time "to turn my attention to my family and other personal interests."
Speech by William Poole of the St. Louis Fed Bank
SPEECH - Speech by William Poole*, President of the Federal Reserve Bank of St. Louis. Poole said in the speech titled 'Market Responses to Economic Stress' he has "no way to set a precise timetable for renewed growth," but agreed with "professional…
Speech by Michael Moskow, President, Chicago Fed
SPEECH - Speech by Michael H. Moskow, President and CEO, Federal Reserve Bank of Chicago. Michael Moskow says in the speech "We expect the economy to improve next year, although the timing is uncertain," but adds that "Looking ahead, we are likely to…