United States
Markets "far from normal": Fed
Ben Bernanke, the chairman of the Federal Reserve, has stressed that "conditions in financial markets are still far from normal", although liquidity in several market segments has improved and the central bank's interventions have helped to relieve…
Fed's Mishkin to step down
Frederic Mishkin, a member of the Board of Governor of the Federal Reserve, will leave the central bank at the end of August to return to academic life.
TAF successful in liquidity provision
The Federal Reserve's Term Auction Facility (TAF) is relieving the liquidity concerns and lowering liquidity premiums in the inter-bank money market, a new paper by the Federal Reserve Bank of Dallas finds.
Kroszner on Basel II
The recent turmoil in financial markets has highlighted the need for risk management improvements and the lessons from the crisis should help supervisors to further increase the effectiveness of the Basel II framework, said Randall Kroszner, a governor…
Greenspan cautions on bursting bubbles
Alan Greenspan has defended one of the central tenets of his tenure at the helm of the Federal Reserve, warning that combating asset price bubbles could stunt innovation and growth.
Fed minutes reveal some reluctance to cut rates
Most members of the Federal Open Market Committee viewed the decision to cut rates by a quarter point in April as a close call, the minutes of the meeting reveal.
Recovery requires more than Fed cuts: Warsh
Returning the economy to equilibrium requires actions more befitting than changes in the federal funds rate alone, noted Kevin Warsh, a governor at the Federal Reserve.
Two new vice presidents for Chicago Fed
Carl Tannenbaum, the former chief economist at LaSalle Bank, has joined the Chicago Federal Reserve as vice president. The central bank has also promoted Steve Durfey, the assistant vice president responsible for the supervision and regulation department…
Chicago Federal Reserve - 2007 Annual Report
The possibility of continued market difficulties cannot be ruled out, Charles Evans, the president of the Chicago Federal Reserve, said in his introduction to the institution's 2007 annual report.
Senator questions plans for greater Fed role
The top Republican on the US Senate Banking Committee has challenged plans to extend the Fed's regulatory power.
Bernanke letter confirms interest payment plans
Ben Bernanke, the chairman of the Federal Reserve, has called on Congress to allow the institution to pay interest on banks' reserves - a move reported earlier this month. The change will stop interbank charges falling below the federal funds rate.
Core inflation no better than other measures
New research published by the Philadelphia Federal Reserve dismisses claims that core inflation is a better predictor of total inflation.
Fed's Pianalto defines inflation
Sandra Pianalto, the president of the Cleveland Federal Reserve, has clarified the difference between relative-price pressures and inflation.
Regulation should aim to burst bubbles
Frederic Mishkin, a governor at the Federal Reserve, has acknowledged that the Fed should consider responding to asset price bubbles - a move that would contravene a tenet of the Greenspan-era institution.
NY Fed's Dudley on the crunch's causes
The recent market turmoil has been driven by two developments, says William Dudley, an executive vice president of the New York Federal Reserve.
Investment bank regulation after the Bear rescue
Dwight Jaffee and Mark Perlow assess the impact of the Bear Stearns rescue and outline steps to prevent something similar happening again
Extend Fed's regulatory power: Volcker
The Federal Reserve's role as a financial regulator must be expanded given its recent assistance to Bear Stearns and other investment banks, Paul Volcker, a former chairman of the Fed, said.
Fed should have spoken out on housing bubble
The Federal Reserve should have done more to alert American consumers to the bubble in the real estate market, Robert Shiller, an economics professor at Yale, said in an exclusive interview with Central Banking, published on Thursday.
Crisis shows need for capital cushions: Bernanke
The recent turmoil underscores the importance of generous capital cushions for protecting against adverse conditions in financial and credit markets, Ben Bernanke, the chairman of the Federal Reserve, noted.
Fed's Rosengren on risk management
The recent financial turmoil has highlighted both the benefits and the challenges associated with pursuing risk management, Eric Rosengren, the president of the Boston Federal Reserve, said.
Can disclosure damage supervision?
The latest edition of the Richmond Federal Reserve's Economic Quarterly discusses whether supervisors should disclose information about the banks they assess.
Bernanke cautiously upbeat on liquidity
Ben Bernanke, the chairman of the Federal Reserve, signalled on Tuesday that he believed liquidity conditions in the US were slowly returning to normal.
Richmond Federal Reserve - Annual Report 2007
Following the retirement of the oldest members of the so-called "baby-boomer" generation, the Richmond Federal Reserve has taken the opportunity to ask if US citizens are saving enough.
No FX intervention in Q1 - NY Fed
The US monetary authorities did not intervene in foreign-exchange markets during the first quarter of 2008, the New York Federal Reserve said in its quarterly report to Congress.