United States
Treasury shake-up to grant Fed more power
The US Treasury has unveiled a series of recommendations for a major restructuring of financial services regulation, which will allot broad new powers to the Federal Reserve to attack systems risk, including the ability to send SWAT teams into any…
Kansas Fed finds changing inflation dynamics
This research by the Kansas Federal Reserve finds that the dynamics of inflation and long-term inflation expectations have changed over the last two decades.
Fed's Mishkin makes his point on inflation
In one of his strongest advocacies of inflation targeting since joining the Federal Reserve in 2006, Frederic Mishkin argued that countries should adopt a specific point objective for price stability rather than having a target range.
We need banking secrets to help: Fed's Rosengren
The Federal Reserve's regulatory role has been essential in allowing the central bank to deal with the current turmoil, a top official claimed on Friday.
Fed's Stern ponders on asset-price stance
Gary Stern, the president of the Minneapolis Federal Reserve, has acknowledged that the central bank may need to review its policy of non-interference with asset prices in the wake of the recent turmoil.
Costs rise for dollar loans despite $50bn auction
The Federal Reserve's latest Term Auction Facility operation failed to quell rising interbank tensions as money-market rates for one-month dollar loans climbed on Tuesday 25 March.
Research deputy to replace Poole at St Louis Fed
James Bullard, the deputy director of research for monetary analysis at the St Louis Federal Reserve, will replace William Poole as the president of the central bank.
Weaknesses prevail: Philadelphia Fed survey
The latest edition of the Philadelphia Federal Reserve's influential Business Outlook Survey shows that the region's manufacturing sector is continuing to experience weaknesses.
Private-sector wellbeing impacted by job cuts
Public servants are less sensitive to rises in unemployment than workers in the private sector, research published by the Boston Federal Reserve finds.
Fed opts for 75 basis-point cut
The Federal Open Market Committee (FOMC) on Wednesday 18 March voted to slash rates by three quarters of a percentage point to 2.25%.
Fed works over weekend to counter market stress
The Federal Reserve took its fourth emergency action in ten days on Sunday 16 March, cutting the rate at which it offers discount window funds and attempting to boost trading in securitisation markets.
Fed credibility at risk, warn commentators
Economic commentators have largely slammed the raft of measures that the Federal Reserve has introduced over the past ten days.
Fed funds Bear Stearns on liquidity fears
The Federal Reserve on Friday 14 March agreed to provide emergency funding to Bear Stearns, a troubled investment bank.
US should start a SWF: ex-Wyoming treasurer
The US should use its revenue from mineral reserves to start a sovereign wealth fund, said Cynthia Lummis, a former state treasurer for Wyoming, at Central Banking Publications' Sovereign Wealth Management conference.
Fed issues new $5 bill
The first of the Federal Reserve's redesigned $5 bills was used to buy a collection of former President Abraham Lincoln's speeches.
Central bankers responsible for lower inflation
Monetary policy credibility accounts for why inflation appears generally to have become less persistent, said Janet Yellen, the president of the San Francisco Federal Reserve.
Friedman and Taylor held similar views
The differences between the way in which Milton Friedman and John Taylor view the way the economy works are small are small, research published by the St Louis Federal Reserve notes.
Sound risk management essential: Fed's Kroszner
The current financial market turbulence underscores the importance of getting the fundamentals of sound risk management right and being ever vigilant about their consistent application, execution, and improvement in light of new data and experiences,…
Research indicates racial bias in lending
Issuers are providing less credit to consumers in Black neighbourhoods than those living in predominantly white areas with similar credit scores, research published by the Boston Federal Reserve finds.
Rapid deterioration led Fed to go it alone: Kohn
The deterioration in money markets was so rapid that the Federal Reserve last Friday did not have time to coordinate a joint announcement of liquidity measures with other central banks in the same way as last December and which had such a favourable…
Former NY Fed director to succeed White at BIS
Stephen Cecchetti, a former director of research at the New York Federal Reserve, is the new head of the Bank for International Settlements' (BIS) monetary and economics department.
Fed's Hoenig notes monetary policy's limits
Thomas Hoenig, the president of the Kansas City Federal Reserve, said he has been struck by the heavy burden placed on monetary policy to cope with the current crisis and its potential spillover effects.
Fed to add funds as liquidity pressures re-emerge
The Federal Reserve is set to pledge up to $140 billion in extra funds in a bid to soothe the third wave of rising money market tensions since August.
Inflation expectations up: Fed's Geithner
Timothy Geithner, the president of the New York Federal Reserve, has acknowledged that inflation expectations have risen in the US.