United States
Minutes highlight Fed's attitude shift
Minutes of the Federal Open Market Committee's (FOMC) last rate-setting meeting reveal optimism that the economy could weather turmoil in the money markets.
Borrowing from Fed at highest level since 9/11
Banks have borrowed an average of $1.2 billion a day from the Federal Reserve's discount window for the week ending 22 August. This is the third highest weekly amount of borrowing ever.
Ford chief joins Wall Street's calls for Fed cut
Alan Mulally, the chief executive of motor company Ford, voiced his support for a cut to the federal funds rate on Friday.
Securitisation led to subprime growth
The introduction of automated underwriting and securitisation caused the US subprime loans market to expand, according to two International Monetary Fund (IMF) researchers.
US Senator hints at cut after high level meeting
Christopher Dodd, a US senator, said Ben Bernanke, the chairman of the Federal Reserve, would use "all the available tools" to ensure markets remained liquid.
Action only if "real" impact - Fed's Lacker
Jeff Lacker, the president of the Richmond Federal Reserve, said on Tuesday that the Fed's reaction to the current bout of market volatility should depend on the effect it has on "real activity."
San Francisco Fed conference on Asian Crisis
The Federal Reserve of San Francisco will hold a conference and seminar series discussing the impact of the 1997 Asian financial crisis.
Paper on the new Keynesian Phillips curve
The Richmond Federal Reserve Paper, Inflation dynamics of the new Keynesian Phillips curve, derives the log-linear approximation of the inflation dynamics in the Calvo-model when the average inflation rate is positive.
Poole replaced on Fed policy vote
In a surprise development, William Poole, the president of the St Louis Federal Reserve, did not vote on the Federal Open Market Committee (FOMC) policy announcement on recent market volatility.
The costs of being wrong about policy lags
This paper from an economist at the University of Oregon examines the losses associated with conducting monetary policy.
Only 'calamity' justifies rate hike - Fed's Poole
William Poole, the president of the St Louis Federal Reserve, said the US economy may weather subprime woes and that only a "calamity" would lead to a rate cut before the next Federal Reserve meeting on 18 September.
Greenspan to advise Deutsche Bank
Deutsche Bank, the German investment and retail bank, announced on Monday that it will retain Alan Greenspan, the former governor of the Federal Reserve, as a senior adviser.
Statements on liquidity injections
The Federal Reserve Bank of New York released a brief statement regarding its intervention to inject liquidity into the markets. It said it is providing liquidity to facilitate the "orderly functioning of financial markets" and will provide reserves as…
Kansas Fed tests forecasting models with real-time
This technical paper examines the properties of tests of equal forecast accuracy applied to different regression models. In contrast to earlier work, it takes into account the real-time, revised nature of the data.
Morgan Stanley lures NY Fed's Kos
Dino Kos, the former executive vice president of the market group at the Federal Reserve Bank of New York, has left the central bank to head Morgan Stanley's division for central banks and sovereign wealth funds.
Fed looks to stabilise economy with rate hold
Against a backdrop of mounting concern over the health of the American economy, the Federal Reserve decided to leave its federal funds rate at 5.25% yesterday.
Recent developments in US subprime
The International Monetary Fund has published a working paper called "Money for Nothing and Checks for Free: Recent Developments in US Subprime Mortgage Markets."
IMF report on the US
The International Monetary Fund (IMF) has said the US economy should shake off the effects of the housing market decline and expand by almost 3% by the middle of 2008.
Poole says Fed should not react to volatility
William Poole, the president of the Federal Reserve Bank of St Louis, says there is no need for the Fed to react immediately to recent volatility in the financial markets.
Bernanke's prudent investments
Ben Bernanke, the chairman of the Federal Reserve, is a cautious investor, which a portfolio of financial assets consisting of mostly US Treasury securities, mutual funds and annuities.
Randall Kroszner testimony
In testimony during his confirmation hearing, Randall Kroszner, a member of the Board of Governors of the Federal Reserve, said the central bank has achieved much success in reducing and stabilising inflation and inflation expectations over the quarter…
Kroszner on Fed's supervision initiatives
In this speech, Randall Kroszner, a governor of the Federal Reserve Board, discusses the American central bank's current work to strengthen our support of minority-owned depository institutions and several ongoing supervisory and regulatory initiatives…
Geithner: challenges of global integration
Timothy F. Geithner, president of the Federal Reserve Bank of New York, said that there is growing concern in the US about long-term challenges facing the country, such as the perceived shift in the locus of economic growth away from the US toward Asia.
New president of Chicago Fed
The Federal Reserve Bank of Chicago today announced that Charles L. Evans will become the bank's ninth president and CEO as of September.