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Crime and the city

Arrests follow crime, but an increase in arrests does not necessarily lead to a decrease in crime, finds a new paper from the Federal Reserve of St Louis.

High demand for longer-term Fed funding

The results of the Federal Reserve's first Term Auction Facility (TAF) operation to offer 84-day credit highlight the banking sector's demand for longer-term financing.

US inflation and unemployment to rise: poll

US economic growth in 2008 will be slower than in 2007, with inflation staying high and unemployment rising, according to a survey of participants at the Chicago Fed's annual Automotive Outlook Symposium.

Official sector shunning US mortgage agency debt

Despite the implicit government guarantee being made explicit last week, official institutions seem keen to sell paper issued by Fannie Mae and Freddie Mac, the two government-sponsored enterprises (GSEs) that insure half of the US's home loans.

New York Fed names new IT systems head

William Christie, the director of information systems at Commerce Bank, will join the New York Federal Reserve as an executive vice-president and head of the automation and system services group.

US should follow IMF's lead on SWFs

US lawmakers heading a working group on sovereign wealth funds have deemed the International Monetary Fund, not the US Congress, the appropriate forum for addressing funds' transparency and accountability.

Philly Fed payments VP wins promotion

Arun Jain, a vice president at the Philadelphia Federal Reserve's retail payments department, will become a senior vice president after nearly 30 years of working within the Fed system.

Wage stagnation key source of poverty

Policies to address wages for workers at the lower end of the pay scale should be at the core of anti-poverty efforts in New York City, finds a new paper from the New York Federal Reserve.

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