United States
Lacker on regulators and financial innovation
In the speech 'How should regulators respond to financial innovation?' given on 1 December Jeffrey Lacker of the Federal Reserve Bank of Richmond said financial regulators need to ensure that institutions such as banks have practices in place for…
Fed's Bies backs Basel II
Susan Bies, a governor at the Federal Reserve, reiterated her commitment to the new capital accord, but noted that there would be differences in implementation in the US and across borders.
Goldmans' Dudley is Fed's new markets man
The New York Federal Reserve named William Dudley, an advisory director at Goldman Sachs, as an executive vice-president and the new head of its markets group.
November beige book released by Fed
The Federal Reserve recently released the latest issue of the beige book, an informal review series by the banks of current economic conditions.
Core CPI still "uncomfortably high" - Bernanke
Fed chairman, Ben Bernanke, appeared to pour cold water on suggestions of an imminent cut in US interest rates in a speech in New York on 28 November.
Philly Fed's Plosser hints at rate rise
Casting an eye over the current economic climate in the US, the president of Philadelphia's Reserve Bank said there was some risk that policy is not yet firm enough for a return to price stability over a reasonable time horizon.
Explaining Fed watchers' mistakes
The authors of this ECB working paper argue that the heterogeneity in the views of private sector Fed watchers is explained by the educational employment backgrounds, as well as by where they are located.
Bernanke to join Paulson in China
Federal Reserve chairman Ben Bernanke will follow in the footstep of his predecessor, Alan Greenspan, by accompanying the US Treasury secretary to Beijing next month.
Lower growth, inflation forecast in US - survey
The rate of growth in US output over the next few quarters looks slower now than it did just three months ago, according to 51 forecasters surveyed by the Federal Reserve Bank of Philadelphia.
Focus on distortions - Blanchard
In his Mundell-Fleming Lecture, MIT economist Oliver Blanchard suggests that the outcome of potential government intervention to address current global imbalances is uncertain.
Chicago Fed inflation conference report
The December 2006 "Chicago Fed Letter" summarises the findings of a conference hosted by the Federal Reserve Bank of Chicago's Inflation Research Center on price stability.
Explaining US imbalances
In this new NBER working paper, Fabrizio Perri and Alessandra Fogli argue that an external imbalance is a natural consequence of the decline in the volatility of the US business cycle.
Chicago Fed National Activity Index, October 2006
The Chicago Fed National Activity Index for October 2006, published 21 November, was -0.31 in October, slightly up from -0.38 in September. All of the four broad categories of indicators made negative contributions to the index.
Warsh on financial markets and the Federal Reserve
In the speech 'Financial markets and the Federal Reserve' given on 21 November Kevin Warsh of the Federal Reserve said the U.S. economy is still at risk of higher inflation, although market signals point to a gradual receding of price gains.
Fisher comfortable with current Fed policy
Federal Reserve Bank of Dallas president Richard Fisher said on Monday 20 November he was happy with the current policy stance of the U.S. central bank.
Chicago Fed's Moskow on the US economic outlook
In the speech 'U.S. economic outlook' given on 16 November Michael Moskow of the Federal Reserve Bank of Chicago said the risk of inflation in the US remaining too high, rather than a slowing economy, is the Federal Reserve's main concern.
Milton Friedman, Nobel Prize winner, 1912-2006
Milton Friedman, a Nobel Prize winner, and one of the most influential economists of the 20th century, died in San Francisco on Thursday 16 November, aged 94.
Philadelphia Fed Business Outlook Survey, Nov 2006
According to the firms surveyed for the Philadelphia Fed's November 2006 Business Outlook Survey, economic conditions in the region's manufacturing sector improved slightly in November.
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 July-September 2006, published 16 November, the U.S. monetary authorities did not intervene in the foreign exchange markets…
Poole on responding to financial crises
In the speech 'Responding to financial crises: What role for the Fed?' given on 16 November William Poole of the Federal Reserve Bank of St. Louis said the Fed should play as limited a role as possible in a financial market crisis and took aim at Fannie…
Dallas Fed chief sees dollar staying top currency
Federal Reserve Bank of Dallas President Richard Fisher said on Friday 17 November he does not expect a global shock that would be big enough to remove the dollar's status as the world's top currency.
US renews calls for China yuan reform
US Deputy Treasury Secretary Robert Kimmitt on Friday 17 November called on China to move more quickly to reform its currency and said he would likely discuss the issue with Chinese officials at the Group of 20 meeting in Melbourne.
Fed's Kroszner on conquest of worldwide inflation
In the speech 'The conquest of worldwide inflation: Currency competition and its implications for interest rates and the yield curve' given on 16 November Randall Kroszner of the Federal Reserve said better performance by central banks around the world…
Fed minutes show concern on curbing inflation
Keeping inflation under control remains the top concern for Federal Reserve policymakers, minutes published Wednesday 15 November showed.