United States
Fed's Bies says bad mortgage debt not problem
Federal Reserve governor Susan Bies said in a speech Tuesday 20 February the bulk of the mortgage market was not troubled by bad debt problems, which were concentrated in the subprime, tarnished-credit sector.
IMF's Rato on reform in Latin America
In the speech 'The way forward for reform in Latin America' given on 16 February Rodrigo de Rato of the IMF said Latin America's drift to the political left suggests voters are uncertain, and in some cases dissatisfied, with their economies.
Key US Democrat warns on inflation target idea
It would be a "terrible mistake" for the U.S. Federal Reserve to adopt any form of inflation target to guide policy, a senior Democratic lawmaker was quoted as telling the Financial Times on Tuesday 19 February.
St Louis Fed's Poole on US saving
In the speech 'US saving' given on 15 February William Poole of the Federal Reserve Bank of St. Louis said a significant decline in long-term real interest rates started in the early 1990s, when the estimated real yield averaged around 3.5 percent.
Philadelphia Fed Business Outlook Survey, Feb 2007
According to the firms surveyed for the Philadelphia Fed's February 2007 Business Outlook Survey, activity in the region's manufacturing sector was mostly steady this month.
Fed's Poole says no reason to change rates now
St Louis Federal Reserve president William Poole said on Thursday 15 February that there was no reason at the moment for the U.S. central bank to change interest rates.
Bernanke says China's yuan is 'undervalued'
Federal Reserve chairman Ben Bernanke said Thursday 15 February he thinks the Chinese yuan is undervalued and should be allowed to trade more freely on international markets.
Fed turnover creates challenges
According to this article published by USA Today on Monday 12 February, Ben Bernanke faces new challenges at the Federal Reserve with the departure of key officials.
Bernanke on the semiannual monetary policy report
In testimony to Congress given on 14 February Ben Bernanke of the Federal Reserve said the Fed was still debating how to improve its communication skills, and insisted that there was yet room for improvement.
Federal Reserve's Monetary Policy Report, Feb 2007
The Federal Reserve published its February 2007 Monetary Policy Report to the Congress on Wednesday 14 February. Ben Bernanke told Congress that the US economy should grow modestly this year and he maintained the Fed's forecast that inflation will…
Bernanke in a democratic lion's den
According to this article from Dow Jones, published Tuesday 13 February, Federal Reserve chairman Ben Bernanke will hope not to become a snack this week when he walks into a Democratic lion's den.
Central bank independence and inflation: A note
This Federal Reserve Bank of Cleveland Working Paper documents increased central bank independence within the set of industrialized nations.
Kansas Fed's Hoenig on competitive capital levels
In the speech 'Ensuring adequate and competitive capital levels in a rapidly changing banking environment' given on 5 February Thomas Hoenig of the Federal Reserve Bank of Kansas City said for new capital standards and the remainder of our supervisory…
IMF's de Rato says G7 open minded on gold sales
International Monetary Fund managing director Rodrigo Rato said the Group of Seven leading industrialized nations were "open-minded" about allowing the Fund to sell part of its gold reserves.
Phil Fed's Survey of Professional Forecasters
The Federal Reserve Bank of Philadelphia published its First Quarter 2007 Survey of Professional Forecasters on 13 February. Two measures of core inflation in the U.S. economy will decelerate in 2007 and hold nearly steady over the following two years,…
St Louis Fed's Poole on state of the U.S. economy
In the speech 'State of the U.S. economy' given on 9 February William Poole of the Federal Reserve Bank of St. Louis warned that unexpectedly strong growth could spur the Fed to raise interest rates again.
Cleveland Fed's new Head of Banking Supervision
Stephen Jenkins has been appointed senior vice president responsible for the banking supervision function at the Federal Reserve Bank of Cleveland, effective 1 March 2007.
IMF's Portugal at the Debt Managers Conference
In a speech at a Debt Managers Conference given on 8 February Murilo Portugal of the IMF said debt managers have very successfully taken advantage of market opportunities to improve the structure of their debt portfolios.
What explains the US net income balance?
Despite a significant deterioration in the US net foreign asset position, there has not been a corresponding deterioration in the net income balance. In fact, there has generally been a net income surplus, according to this IMF Working Paper published…
Atlanta Fed names Lockhart as new president
The Federal Reserve Bank of Atlanta announced Thursday 8 February that it has picked Dennis Lockhart, a 17-year veteran of Citigroup and now a professor of international business at Georgetown University as its new president.
Bies to leave Fed at end of March
Susan Bies announced Friday 9 February that she will leave the Board of Governors of the Federal Reserve at the end of March.
Philadelphia's Plosser on the economic outlook
In the speech 'The economic outlook: Prospects for 2007' given on 7 February Charles Plosser of the Federal Reserve Bank of Philadelphia said the central bank may need to raise its benchmark interest rate as recent stronger economic growth increases the…
Chicago Fed Letter, March 2007
The article "Globalization and the benefits of trade" published in the Federal Reserve Bank of Chicago's Letter, March 2007, examines the benefits and costs to the U.S. and other countries of globalization.
IMF paper on financial sector supervisors
According to the IMF Working Paper "The fear of freedom: Politicians and the independence and accountability of financial sector supervisors" compared with the case of central bank independence, independence for financial sector supervisors remains more…