United States
Bankruptcy delays foreclosure
Filing for personal bankruptcy adds a little over a year to a foreclosure process, finds a new paper from the Philadelphia Federal Reserve.
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.
Corrigan report calls for risk overhaul
A study group headed by Gerry Corrigan, a former New York Fed chief, has urged all major financial institutions to make wide-ranging and far-reaching changes to the way they handle risk.
New Jersey fifth in mortgage foreclosures
New Jersey ranks fifth among states for the proportion of subprime mortgages in foreclosure, finds a new article from the New York Federal Reserve.
Fed appoints community banker to governor role
The Federal Reserve's governing board is now just one member short after Elizabeth Duke, a community banker, was sworn in on Monday.
Towards a new financial system
Dino Kos identifies the likely changes to the global financial system in light of the credit crunch
Why the American economy needs fiscal assistance
For all its activism, the Fed cannot address the persistent imbalances in the American economy on its own, says John Balder
Getting the policy mix right
Policymakers should pay greater attention to the links between liquidity and capital, says Glenn Hubbard
Obamanomics vs McCainomics
Malan Rietveld looks at the possible economic policies and key appointments of the two presidential candidates in America
Fed's Warsh: we would take covered bonds
Highly rated, high-quality covered bonds would generally fall within the range of collateral acceptable at the Federal Reserve's discount window, said Kevin Warsh, a governor at the Federal Reserve Board.
Fed a "major culprit" in commodity inflation
A prominent US economist has blamed Federal Reserve policy for the surge in commodity prices.
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.
Fed pledges to extend aid measures into 2009
The Federal Reserve moved to soothe financial market tensions on Wednesday with a fresh batch of liquidity measures, including confirmation that it will allow investment banks to borrow from its discount window into next year.
Obama talks crunch and regulation with Bernanke
Ben Bernanke, the chairman of the Federal Reserve, has discussed the credit crisis and proposals for more stringent financial regulation with Barack Obama, the Democratic candidate for the US president.
Inflation too high - Fed's Plosser
Inflation is already too high and inconsistent with the Federal Reserve's goal of price stability, said Charles Plosser, the president of the Federal Reserve Bank of Philadelphia.
What makes T-bond prices jump?
Price jumps in US Treasury bonds occur mostly during prescheduled macroeconomic announcements or events, finds a new paper from the Bank of Canada.
Fed's Mishkin proposes communications changes
Frederic Mishkin, an outgoing governor of the Federal Reserve, believes the central bank needs to make a raft of improvements to its communication policy.
Obama praises Bernanke
Barack Obama, the Democratic candidate for the US presidency, has commended Ben Bernanke, the chairman of the Federal Reserve, for his response to the recent economic upheaval.
Fed and SEC vie to regulate investment banks
The heads of Securities and Exchange Commission and the New York Federal Reserve made the case for their institution to supervise investment banks before US lawmakers.
Discount window borrowing hits fresh high
US commercial banks borrowed an average of $16.8 billion per day from the regional Federal Reserves' discount windows in the week to Wednesday, the highest-ever amount.
Beige Book: US growth deteriorating
The Federal Reserve's Beige Book, which reports economic trends from the regional Feds, reveals a slowdown in growth compared to June.
US main target for petrodollar recycling
The United States continue to be the main recipient of oil-related financial funds from Gulf countries, according to a new research from the European Central Bank.
Two regional Feds pushed for discount rate rise
Directors of two regional Federal Reserves called for a quarter-point increase to the discount rate last month, it emerged Tuesday.