United States
Markets certain on rate cut despite Fed's stance
In spite of repeated claims by Federal Open Market Committee (FOMC) members that the risks between inflation and growth are now balanced, interest rate futures traders believed on Wednesday that a December cut is more likely than ever.
Hoenig: US economy will "weather this storm"
Thomas Hoenig, the president of the Kansas City Federal Reserve and the only member of the Federal Open Market Committee to vote against the 31 October rate cut, said that he thought the effects of the credit crunch were unlikely to spread very far.
BlackRock to manage superfund
BlackRock, an asset manager, is expected to look after the planned $75 billion structured products superfund, set up to ease money market illiquidity.
What we learn from the Fed's projections
As we look at the first of the Federal Reserve's enhanced economic projections, it is important to understand what they are and what they are not, says Stephen Cecchetti, the Rosenberg Professor of Global Finance at Brandeis International Business School.
The trip to transparency
The Fed's decision to increase the frequency and volume of its economic projections is another welcome step towards transparency under Ben Bernanke's stewardship. But it still has a way to go before catching up to the other major central banks, says…
Taylor inertia conundrum solved?
Inertia in the Taylor rules on interest rates could be down to inertia in the economy itself, argues research published by the Centre for Economic Policy Research.
Fed releases first revamped economic projections
The Federal Reserve on Tuesday published the first of its revised economic forecasts as part of the minutes of the 31 October rate-setting meeting.
Fed's Stern cautions on response to turmoil
Rating agency reform in the wake of the subprime debacle could cost the economy more than doing nothing, Gary Stern, the president of the Minneapolis Federal Reserve, has warned.
Fed makes biggest injection since 9/11
The New York Federal Reserve injected $47.25bn on Thursday, the biggest daily amount since 19 September 2001, but got most of it back as previous repos matured.
US Treasury official voices SWF stability fears
Sovereign wealth funds pose a threat to financial stability, says David McCormick, the under secretary for international affairs at the US Treasury.
Fed to offer more insight into decision making
The Federal Reserve is to give the public more insight into how the rate-setting Federal Open Market Committee (FOMC) decides on monetary policy.
Basel II will strengthen US markets: Kroszner
Basel II's introduction will enhance financial stability in the United States, says Randall Kroszner, the governor responsible for regulation at the Federal Reserve.
Small business success vital for US: Mishkin
The health of the United States economy is partly reliant on small businesses still having access to credit on competitive terms, according to Frederic Mishkin, a governor at the Federal Reserve.
Bernanke gives gloomy forecast for US growth
Ben Bernanke, the chairman of the Federal Reserve, said on Thursday that the United States economy would slump in the coming months.
The only way is down
Avinash Persaud, the chairman of Intelligence Capital, a financial advisory firm, predicts the dollar will drop to $1.70 against the euro and $2.20 against sterling before central banks intervene.
Time will prove Fed right, says Lacker
History will judge the Federal Reserve's decision to cut its discount rate by 50 basis points favourably, according to Jeffrey Lacker, the president of the Richmond Fed.
Fed finally gives Basel II the green light
The Federal Reserve Board on Friday approved the American version of the Basel II framework on risk-based capital requirements. It is the last of the Group of Ten countries, which developed the framework, to do so.
Bankers did not influence Fed on cuts: Mishkin
The Federal Reserve's recent rate cuts were to help Main Street and not to bail out Wall Street, according to Frederic Mishkin, a governor at the Federal Reserve.
Kroszner suggests rules to avert another subprime
US financial regulators need to introduce a set of guidelines on loan modifications in the wake of the subprime crisis, according to Randall Kroszner, a governor at the Federal Reserve.
London office for US regulator?
Christopher Cox, the chairman of the Securities and Exchange Commission (SEC), the chief regulator in the US, said it would select either London or Brussels for its European office, part of its strategy of building a closer relationship with its foreign…
Financial market perceptions of recession risk
Corporate credit spreads embed key information about the likelihood of recession one year ahead.
Dollar at all-time low against euro after Fed cut
The greenback reached a record low against the euro following the Federal Open Market Committee's decision to cut rates by 25 basis points. At its peak, the euro was worth 1.4504 against the dollar on Thursday.
How monetary policy responds to uncertainty
Under conditions of uncertainty, optimal monetary policy responds more to price and wage inflation than to natural-rate terms, according to research published by the Federal Reserve.
The impact of innovation on systemic risk
The pace of financial innovation has led to an increasingly complex and interconnected financial system. But what effect does this have on systemic risk?