Federal Reserve System
Chicago Fed National Activity Index, March 2004
The Chicago Fed National Activity Index (CFNAI) March 2004 was published on 22 April. The CFNAI decreased somewhat from February to March, but remained above zero for the seventh month in a row.
Fed's Bies on the economic outlook
In a speech on 'The Economic Outlook and Financial Health of Bank Customers' given on 22 April, Susan Bies of the Federal Reserve said recent indicators suggest that the pace of economic activity remains solid, while inflationary pressures continue to be…
Fed's Olson on the redesigned 2004 US $50 note
In a speech on 'Preview of the Redesigned Series 2004 U.S. $50 Note' given on 26 April, Mark Olson of the Federal Reserve said this $50 note is beautifully designed and includes important anti-counterfeiting features.
Bernanke on US economic outlook & monetary policy
In a speech on 'The economic outlook and monetary policy' given on 22 April, Ben Bernanke of the Federal Reserve said there are no signs of overheating in the U.S. economy, so inflationary pressures are likely to remain subdued. He said he was "sanguine"…
Greenspan on the state of the banking industry
In a speech on 'The state of the banking industry' given on 20 April, Alan Greenspan of the Federal Reserve said that the United States banking system is in good shape to deal with rising interest rates and inflationary pressures will be reasonably well…
Vigorous growth yet to produce inflation-Greenspan
Federal Reserve Chairman Alan Greenspan said on Wednesday 21 April in testimony titled "The economic outlook" that the U.S. economy is in a `vigorous expansion' that has not yet produced `broad-based' inflation pressures.
Fed's Bernanke on financial access for immigrants
In the speech 'Financial Access for Immigrants: The Case of Remittances' given on 16 April Ben Bernanke of the Federal Reserve said remittances of money abroad by immigrants in the United States are large, and pose an opportunity to bring an underserved…
Bernanke: Policymakers can learn from asset prices
In a speech on 'What policymakers can learn from asset prices' given on 15 April, Ben Bernanke of the Federal Reserve said asset prices can offer valuable insights into expectations for inflation and interest rates, but care is needed in extracting any…
Fed's Greenspan on capitalizing reputation
In a speech on 'Capitalizing reputation' given on 16 April, Alan Greenspan of the Federal Reserve said companies need to work hard to restore trust in the nation's financial markets and predicted that trust can be restored, but he warned of serious…
Fed's Ferguson on macroeconomic outlook
In a speech on 'Macroeconomic Outlook and Uncertainties' given on 8 April, Roger Ferguson of the Federal Reserve said the macroeconomic outlook for the United States is favourable, overall. There is the possibility that an adverse shock will expose an…
Greenspan on rural economic issues
In a speech on 'Rural economic issues' given on 25 March, Alan Greenspan of the Federal Reserve said the rapid gains in farm productivity in the United States continue to this day and along myriad fronts. In agriculture, as everywhere else in our economy…
St Louis Fed's Regional Economist, April 2004
The Quarterly Review of Business and Economic Conditions, The Regional Economist, April 2004 edition from the St Louis Fed includes the article "Miscommunication". What the Fed said last year it could do if deflation surfaced was one thing. What the…
Fed's Bernanke on trade and jobs
In a speech on 'Trade and jobs' given on 30 March, Ben Bernanke of the Federal Reserve said the slow pace of hiring in the US is related to increasing productivity and not to outsourcing or trade.
Gramlich on The Board's Modeling Work in the 1960s
In a speech on 'The Board's Modeling Work in the 1960s' given on 26 March, Edward Gramlich of the Federal Reserve said poor decision-making by Federal Reserve officials in the late 1960s reflected political interference and not a misunderstanding of the…
Bernanke: Financial education and Jump$tart survey
In the speech 'Financial education and Jump$tart survey' given on 1 April Ben Bernanke of the Federal Reserve said the Federal Reserve is involved with financial education on many fronts. Reserve Banks around the country conduct workshops for teachers…
Fed's Kohn:Rate-hike "burden of proof" not yet met
In a speech on 'Monetary Policy and Imbalances' given on 1 April, Donald Kohn of the Federal Reserve rejected the argument that the Fed should start raising rates sooner rather than later because "keeping the funds rate so low and signalling that it will…
Kohn on research at the Federal Reserve
In a speech on 'Research at the Federal Reserve Board: The Contributions of Henderson, Porter, and Tinsley' given on 26 March, Donald Kohn of the Federal Reserve said the Fed's armada of economic researchers play an important role in helping policymakers…
Fed's Bernanke on monetary policy modeling
In a speech on 'Monetary Policy Modeling: Where Are We and Where Should We Be Going?' given on 27 March, Ben Bernanke of the Federal Reserve said researchers should aim to provide more realistic models of the economy, improve economic forecasting and…
Fed's Kohn on monetary policy
In a speech on 'Monetary Policy in a Time of Macroeconomic Transition' given on 25 March, Donald Kohn of the Federal Reserve said the Fed should make sure inflation has stabilised and labour market slack is easing before raising interest rates from their…
Philadelphia Fed Business Outlook Survey, Mar 2004
According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, March 2004 activity in the region's manufacturing sector continues to improve.
Greenspan on Banking
In a speech on 'Banking' given on 17 March, Alan Greenspan of the Federal Reserve said US banks are strong and profitable, with "favourable" asset quality, and able to provide financing for a growing economy.
Greenspan on education
In testimony on education given to the House Education and Workforce Committee on 11 March Alan Greenspan of the Federal Reserve said that "employment will begin to increase before long," and that protectionist trade barriers were not the answer to…
International research forum on monetary policy
The European Central Bank has announced the venue and date of its third conference. Its purpose is to encourage research on monetary policy issues that are relevant from a global perspective.
Snow says Fed is wise to hold off rate rise
Alan Greenspan and his Federal Reserve colleagues have been "extraordinarily disciplined" and have not overreacted to signs of increased economic growth by raising interest rates, US Treasury Secretary John Snow has said.