United States
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.
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.