United States
U.S. backs Wolfowitz at World Bank
The United States supported World Bank president Paul Wolfowitz to keep his job on Tuesday 15 May, saying that although he had made mistakes he should not be fired.
Bush to nominate Fed board members - reports
US president George W Bush will nominate Larry Klane and Elizabeth Duke to serve as Federal Reserve Board governors, according to Bloomberg which quoted two people familiar with the situation.
New York Fed's Foreign Exchange Operations Report
According to the Federal Reserve Bank of New York's Treasury and Federal Reserve Foreign Exchange Operations quarterly report for January-March 2007, published 3 May, the U.S. monetary authorities did not intervene in the foreign exchange markets during…
Fed's Kroszner on the future of payments
In the speech 'The future of payments: Challenges and opportunities' given on 10 May Randall Kroszner of the Federal Reserve said the rapid switch by consumers and businesses to electronic banking poses a new tradeoff between security and convenience.
Richmond Fed's Economic Quarterly, Winter 2007
The Federal Reserve Bank of Richmond has published its Economic Quarterly for Winter 2007. The latest issue includes the article "Implications of some alternatives to Capital Income Taxation" which considers the long-run implications of a switch from…
Greenspan lays odds of 2-1 against US recession
Following comments earlier in the year that gave financial markets a wobble, former Federal Reserve chairman Alan Greenspan said Friday 11 May the odds are two to one that the US will avoid a recession this year.
Report names likely Fed appointees
US president Bush administration is considering Larry A. Klane as a board member at the Federal Reserve, two people familiar with the matter were quoted as saying by MarketWatch.
IMF's Caruana on identifying risks & opportunities
In the speech 'Identifying risks and opportunities: A global view' given on 7 May Jaime Caruana of the IMF said debt financing is cheap by historical standards for even the riskiest of corporates.
FOMC can stick again unless data changes
Without changes in economic data, the Federal Open Market Committee can leave US interest rates alone next month too, and may as well issue the same statement too, says John Berry of Bloomberg in this article published Thursday 10 May.
Fed hold rates but concerned on inflation
The Federal Reserve left US interest rates unchanged Wednesday 9 May and acknowledged that the economy is slowing.
Bernanke and Co should do nothing
According to this article from John Berry at Bloomberg, published Friday 4 May, Federal Reserve officials will not change interest rates Wednesday amid conflicting evidence about where the US economy is headed.
Wolfowitz gets White House backing
The White House on Wednesday 9 May said it has continued full support for embattled World Bank president Paul Wolfowitz, who faces numerous calls to quit.
Federal Reserve appoints Inspector General
The Federal Reserve Board on Friday 4 May announced the appointment of Elizabeth A. Coleman as Inspector General for the Board, effective May 6.
Wolfowitz still flying high, but now out of fuel
According to this article published Tuesday 8 May by the LA Times, the latest goings on at the World Bank are all designed with one thing in mind, as Paul Wolfowitz stays put as president.
NY Fed's Geithner says flexible rates better
Federal Reserve Bank of New York president Timothy Geithner said on Friday 4 May in a speech that flexible exchange rates allow emerging countries to handle global economic swings better.
Philadelphia Fed Annual Report 2006
The Federal Reserve Bank of Philadelphia's Annual Report 2006 tells the story behind the Bank's role in the largest consolidation of the Federal Reserve's check processing operations to date.
NY Fed issues hedge fund warning
In what Reuters describes as its "sternest warning to date" on the state of the hedge-fund business, the Federal Reserve Bank of New York said Wednesday 2 May that the funds could represent the biggest risk for a financial crisis since 1998.
Did Gambler Greenspan just get lucky?
Alan Greenspan is widely recognised as the world's greatest ever central banker, but according to research from the ECB referred to in this article from The Herald, published Tuesday 1 May, his success probably has more to do with luck than skill.
Is Bernanke wrong on inflation?
According to this article from Bloomberg on Monday 30 April, a housing slump in the US may drive the US economy into recession, prompting the Federal Reserve to cut interest rates.
Fed's Bernanke on the challenges of free trade
In the speech 'Embracing the challenge of free trade: Competing and prospering in a global economy' given on 1 May Ben Bernanke of the Federal Reserve said a move to a protectionist stance for threatened American industries and workers from foreign…
Fed Reserve Bank of St Louis Review, May/Jun 2007
The latest edition of the St Louis Fed's Review for May/June 2007 includes an article which uses extensive archival material from several countries, to bring together scattered information about Milton Friedman's views and predictions regarding U.S…
Kansas City Fed's Main Street Economist, 1 2007
As strong ethanol demand fuels a sharp rise in crop prices, rural America is cautiously optimistic, according to the latest edition of the Kansas Fed's Main Street Economist report.
SF Fed's Yellen sees risks to global growth
Federal Reserve Bank of San Francisco president Janet Yellen said on Saturday 28 April risks to the global economy maintaining "exceptionally strong" growth include a slowing US economy and unbalanced trade flows.
Fed's Mishkin: Globalization & fin. development
In the speech 'Globalization and financial development' given on 26 April Frederic Mishkin of the Federal Reserve said developing countries need to develop their financial infrastructure to get wealthier and the answer is globalisation.