United States
Bernanke, Dudley justify Talf
Ben Bernanke, the chairman of the Federal Reserve, and William Dudley, the president of the New York Fed, moved to temper fears among lawmakers that the central bank's Term Asset-Backed Securities Loan Facility (Talf) puts taxpayers' money at risk.
Fisher hints at new anti-inflation tools for Fed
Richard Fisher, the president of the Dallas Federal Reserve, gave the clearest signal yet that the central bank will soon be handed new tools to counter the inflationary impact of its crisis-fighting measures.
SDR injection inflationary, ECB's Stark warns
Jurgen Stark, a member of the European Central Bank's executive board, has panned the G20's decision to create $250 billion-worth of special drawing rights (SDRs).
Fed's Warsh: panic may have long-run impact
The panic that has marked the current financial and economic turmoil may also have long-run implications, said Kevin Warsh, a governor at the Federal Reserve.
Fed right choice for stability role: KC's Hoenig
The Federal Reserve must fill the role of financial-stability regulator, said Thomas Hoenig, the president of the Kansas City Fed.
Congress clamps down on Fed opacity
Pressure on the Federal Reserve to declare the recipients of its loans stepped up on Thursday after the Senate backed legislation which supports the outlawing of Fed borrowers' anonymity.
Fed bailout critic Stern to step down
Gary Stern, the president of the Minneapolis Federal Reserve and a vociferous critic of the Fed's recent bailouts, is to retire. He is the longest-serving senior Fed official.
Foreclosures a worry in NY state
The number of home mortgages in foreclosure in upstate New York continues to be a concern, notes a report from the New York Federal Reserve.
Tarp could cost taxpayers more
The Congressional Budget Office has raised its estimate of the ultimate cost to taxpayers of the $700 billion Troubled Asset Relief Program (Tarp) by 51%.
Long-run forecasts a good anti-deflation tool
The Federal Open Market Committee's new long-run inflation forecast reduces the chance of a deflationary spiral, a new paper form the San Francisco Federal Reserve posits.
All US states contract for first time on record
The economies of all of the 50 American states shrank in February for the first time since records began in January 1979.
Soros urges G20 to agree on SDR reallocation
George Soros, one of the world's most renowned hedge-fund managers, has called on G20 leaders to endorse the reallocation of rich country's SDR quotas with the International Monetary Fund (IMF).
Limits to safety net support - Richmond's Lacker
It is of paramount importance to clearly define the boundaries of future safety net support, said Jeffrey Lacker, the president of the Richmond Federal Reserve.
Goodfriend: Fed's fiscal statement does not go far enough
The Federal Reserve's attempt to clarify its stability role is a move in the right direction, but must be improved upon
Fed's Stern: recession could end in mid-2009
In one of the most bullish assessments of the state of the US economy by an official of the Federal Reserve since the start of the crisis, Gary Stern, the long-serving president of the Federal Reserve Bank of Minneapolis, said that the recovery could…
Atlanta's Lockhart: exports won't save US
Dennis Lockhart, the president of the Federal Reserve Bank of Atlanta, does not expect a sudden return of exports as a driver of recovery in the United States in the remainder of 2009.
Geithner outlines regulatory overhaul
Tim Geithner, the US Treasury secretary, sounded the knell of light-touch regulation on Thursday, outlining a reform agenda that if passed will see a single systemic-risk supervisor clamp down on all financial firms deemed either too big, or too…
Geithner open to Zhou suggestion, but backs buck
Tim Geithner, the US Treasury secretary, said on Wednesday that he was open to People's Bank of China governor Zhou Xiaochuan's suggestion of expanding the use of special drawing rights (SDRs) but affirmed the dollar's strength.
AIG cited as case for shadow-bank rules
The American International Group (AIG) situation highlights the need for strong, effective consolidated supervision of all systemically-important financial firms, said Ben Bernanke, the chairman of the Federal Reserve.
US still has more influence than trade suggests
Regardless of the emergence of large economic players, like China, United States' influence on other economies remains larger than direct trade ties would suggest, a new paper from the European Central Bank shows.
Fed sets boundaries for stability role
The Federal Reserve sought to clarify its role as a guardian of financial stability on Monday in an attempt to avoid taking what one regional Fed president has labelled "risky" fiscal action.
Geithner bailout meets with mixed reviews
The markets loved it. But economists' reaction to US Treasury secretary Tim Geithner's public-private partnership to relieve banks of their toxic assets was more critical.
Bernanke wants shadow-bank failure framework
A resolution regime for systematically-important non-bank financial entities is needed, said Ben Bernanke, the chairman of the Federal Reserve.
Globalisation accelerated IMF's reaction
The pace of the International Monetary Fund's (IMF) crisis responses has increased with the rise of financial globalisation, a new research from the Central Bank of Chile shows.