United States
US treasury points to dangers of sovereign wealth
Clay Lowery, acting under-secretary for international affairs at the US treasury, has asked the International Monetary Fund and the World Bank to compile best-practice guidelines for sovereign wealth funds.
Banks still matter most - Bernanke
Federal Reserve Chairman, Ben Bernanke, says the Fed has retained the ability to control financing costs, despite the fact that nonbank lenders and capital markets have replaced banks as sources of credit for many households and businesses.
New head for Boston Fed
Eric Rosengren will become president and chief executive officer of the Federal Reserve Bank of Boston on 23 July. He will succeed Cathy Minehan who retires after 13 years as president of the Boston Fed, and nearly 40 years of service in the Federal…
Fed's Beige Book
There was continuing weakness in residential real estate and construction but increasing strength in the commercial real estate sector, including both office and industrial space, reports the Fed's 4th Beige Book of the year.
Fed's Hoenig on recent economic developments
US economic conditions will improve in the coming months, said an optimistic Tom Hoenig, CEO of the Kansas City Fed.
Chicago Fed paper on mobile payments
Will mobile payments go the way of the stalled smart-card revolution of the 1990s? This Chicago Fed letter looks at these new payments fit into the larger payment system.
Federal Reserve: Annual Report
The Federal Reserve released its 93rd annual report on 6 June, in which it said "The US economy turned in another solid performance in 2006, although the pattern of growth was uneven."
Ball: globalisation does not affect inflation
A recent paper by Laurence Ball for the National Bureau of Economic Research suggetss that "globalisation has had little effect on the rate of inflation in the 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.