United States
Bernanke: US inflation slowing, but risks remain
Federal Reserve Chairman Ben Bernanke says US core inflation "seems likely to moderate gradually over time", but there are "upside" risks to this forecast.
Former Fed No 2, Preston Martin, dies
Preston Martin, the former deputy chairman of the Federal Reserve died last week, aged 83.
Kroszner on risks and outlook for US economy
Economic growth will in the US pick up through 2007, rising to close to potential by 2008, said Randall Kroszner, a member of the Board of Governors, at the spring meeting of the IIF in Athens, adding that the risks to the inflation outlook are primarily…
Fed announces FOMC's 2008 schedule
The US Federal Reserve, the American central bank, on 1 June announced the tentative schedule for next year's Federal Open Market Committee meetings.
Fed minutes reveal worries over inflation, housing
The minutes of the latest monetary policy meeting of the Federal Reserve contained few surprises, but underlined the fact that policymakers remained concerned about an "upward drift in inflation expectations".
Johnson leaves the Fed
Karen Johnson, director of the Division of International Finance at the Federal Reserve Board, will step down after nearly a decade in this position.
Why is the dollar so high?'
In this paper, Martin Feldstein, once considered a frontrunner to replace Alan Greenspan as chairman of the US Federal Reserve, argues that a decline of the real value of the dollar that is large enough to reduce the current account deficit significantly…
Estimating potential output - Fed's Mishkin
In this speech, Frederic Mishkin, a governor at the Federal Reserve Board in Washington, provides a non-technical overview of academic research on the estimation of potential output, and important concept in monetary policy analysis.
Research on negative savings rates
This research by the New York Fed suggests that the macroeconomic risks and those to individual households' well-being, associated with negative personal savings rates are overstated.
Fed's Lacker: core inflation still too high
Jeffrey Lacker, president of the Federal Reserve Bank of Richmond, said on 22 May that core inflation was still too high and rising expectations of future price pressures was a source of concern.
Latest St Louis Fed Review published
The Federal Reserve Bank of St. Louis has published its May/June issue of its Review, a journal covering national and international economic developments, particularly focusing on their monetary aspects.
Fed's Kroszner on globalization & capital markets
In the speech 'Globalization and capital markets: Implications for inflation and the yield curve' given on 16 May Randall Kroszner of the Federal Reserve said the ease that investors can move money around the globe has spurred a "currency competition"…
Philadelphia Fed Business Outlook Survey, May 2007
According to the firms surveyed for the Philadelphia Fed's May 2007 Business Outlook Survey, activity in the region's manufacturing sector improved slightly in May.
Fed's Bernanke on the subprime mortgage market
In the speech 'The subprime mortgage market' given on 17 May Ben Bernanke of the Federal Reserve said a rash of mortgage problems is not expected to affect the broader economy and the Fed would move to crack down on abusive lending practices.
Fed's Kohn on financial stability & policy issues
In the speech 'Financial stability and policy issues' given on 16 May Donald Kohn of the Federal Reserve said the explosive growth of the credit derivatives market has helped spread risks, but also created new channels to transmit shocks to the economy.
Greenspan joins Pimco in first post-Fed role
Former Federal Reserve chairman Alan Greenspan has signed on as a consultant to Newport Beach-based bond investment giant Pacific Investment Management, known as Pimco, the Wall Street Journal reported Wednesday 16 May.
Phil Fed's Survey of Professional Forecasters
The Federal Reserve Bank of Philadelphia published its Second Quarter 2007 Survey of Professional Forecasters on 14 May. The outlook for core inflation looks about the same now as it did three months ago, according to 53 forecasters surveyed.
Fed's Kroszner on international capital flows
In the speech 'International capital flows and the emerging market economies' given on 15 May Randall Kroszner of the Federal Reserve said developing nations are hurt over time by capital outflows to industrialized economies and should improve their…
Wolfowitz to leave World Bank - reports
Unconfirmed late reports Wednesday 16 May said Paul Wolfowitz would leave the World Bank as president in a face-saving deal.
Kansas Fed papers: Nonbanks in payments system
The Federal Reserve Bank of Kansas City has published preliminary papers from the "Nonbanks in the Payments System: Innovation, Competition, and Risk," conference held May 2-4 in Santa Fe, N.M.
Dallas Fed's Fisher on services in the US economy
In the speech 'The dog that does not bark but packs a big bite: Services in the U.S. economy' given on 14 May Richard Fisher of the Federal Reserve Bank of Dallas said central bankers no longer have the privilege of being able to "mumble on occasion,"…
Bernanke on regulation and financial innovation
In the speech 'Regulation and financial innovation' given on 15 May Ben Bernanke of the Federal Reserve said gave his view on the hedge fund debate saying central banks and financial regulators should resist the temptation to devise ad hoc rules for each…
Four letter word may spell end for Wolfowitz
According to this article published Tuesday 15 May by The Guardian, Paul Wolfowitz swore at and threatened senior World Bank staff with retaliation if details of his pay rises for his partner were revealed.
If Wolfowitz goes, must his successor be American?
If Paul Wolfowitz leaves the World Bank the selection process for his replacement is likely to be as primitive as ever, according to this article from the Washington Post, published Sunday 13 May.