United States
Federal Reserve Board - Beige Book, September 2006
The Federal Reserve published its September 2006 Beige Book survey on 6 September. The U.S. economy grew overall from mid-July to late August, according to the report.
Chicago's Moskow on the U.S. economic outlook
In the speech 'U.S. economic outlook' given on 22 August Michael Moskow of the Federal Reserve Bank of Chicago said the FOMC's resolve to achieve price stability and sustainable growth remains certain.
Dallas Fed's Fisher on the status of the economy
In the speech 'An update on the status of the economy and its implications for monetary policy' given on 16 August Richard Fisher of the Federal Reserve Bank of Dallas said inflation continues to trend upwards and the Federal Reserve will not hesitate to…
St Louis Fed's Poole to cast Atlanta vote
Federal Reserve Bank of St Louis president William Poole will cast the Atlanta Fed's vote at the FOMC until a replacement has been found for its president, Jack Guynn, who retires on Oct. 1, the Fed said on Thursday 7 September.
Fed Reserve Bank of St Louis Review, Sep/Oct 2006
The latest edition of the St Louis Fed's Review for Sep/Oct 2006 includes the article 'Do Inflation Targeters Outperform Non-targeters?' The article says ten years of empirical studies of inflation targeting have not uncovered clear evidence that…
St Louis Fed's Poole on understanding the Fed
In the speech 'Understanding the Fed' given on 31 August William Poole of the Federal Reserve Bank of St. Louis said inflation expectations remain "quite well controlled" but any incoming data suggesting otherwise will prompt an appropriate policy…
SF Fed paper on sovereign debt crises
The Federal Reserve Bank of San Francisco Working Paper "Sovereign debt crises and credit to the private sector" argues that, through its effect on aggregate demand and country risk premia, sovereign debt restructuring can adversely affect the private…
Fed's Poole says US inflation under wraps
U.S. inflation is under control right now and the economy is unlikely to suffer from "cascading weakness," St. Louis Federal Reserve Bank President William Poole said in an interview on Tuesday 5 September.
St Louis Fed's Central Banker, Fall 2006
The St. Louis Fed has published the Fall 2006 edition of its Central Banker magazine. In the article "More district banks choose the Fed as their regulator" Julie Stackhouse, senior vice president, Banking Supervision and Regulation asks bankers and…
Atlanta's Guynn on four decades in central banking
In the speech 'Reflections on four decades in central banking' given on 22 August Jack Guynn of the Federal Reserve Bank of Atlanta said that revolutionary change in banking and financial services is a major part of the nation's continuing economic…
Fed's Bernanke on productivity
In the speech 'Productivity' given on 31 August Ben Bernanke of the Federal Reserve said America's productivity probably will keep growing solidly for some time to come, an important force in bolstering living standards.
Central bankers are more like Santa than Scrooge
This recent article from Bloomberg says that Alan Greenspan changed the image of central bankers during his eighteen year term running the Federal Reserve and even made the job seem glamorous.
Frederic Mishkin sworn in as Fed board member
Frederic S. Mishkin on Tuesday 5 September took the oath of office as a member of the Board of Governors of the Federal Reserve System.
Chicago Fed National Activity Index, July 2006
The Chicago Fed National Activity Index for July 2006, published 23 August, was -0.12 in July, down from +0.43 in June. Two of the four broad categories of indicators in the index made small positive contributions.
Philadelphia Fed Business Outlook Survey, Aug 2006
According to the firms surveyed for the Philadelphia Fed's August 2006 Business Outlook Survey, activity in the region's manufacturing sector continued to expand. The indicator for general activity improved notably this month, and indicators for new…
Inflation outbreaks unlikely says Fed's Poole
Outbreaks in inflation are unlikely, especially with recent readings suggesting that price pressures have reached a plateau, St. Louis Federal Reserve President William Poole on Thursday 31 August.
Fed seeks to reassure over housing slowdown
Overall rises in disposable income should offset a possible increase in the saving rate due to a softening housing market, Federal Reserve chairman, Ben Bernanke, said in a letter to a congresswoman released on Wednesday 30 August.
Fed minutes indicate a "close call"
Minutes of the Federal Open Market Committee showed a 9-1 vote on 8 August in favour of keeping interest rates on hold.
Jackson Hole attendees stick to the script
Central bankers and academics at the Fed's annual Jackson Hole conference in the United States discussed the impacts of globalisation at length, but gave away little on immediate policy directions.
Chicago Fed on home ownership
The Chicago Fed has published and article explaining recent high levels of residential investment and rates of home ownership.
How to face natural disasters
A report on the effects of Hurricane Katrina considers the lessons learned from managing a catastrophic event, including dealing with a sudden fall in the availability of cash and when electronic systems fail.
Chicago Fed reviews explicit inflation targeting
The Federal Reserve Bank of Chicago president and CEO, Michael Moskow, considers whether the Fed should now adopt explicit numerical guidelines or targets for inflation.
IMF report on US inflation dynamics
The latest issue of the IMF survey has a short article on what drives inflation dynamics in the US.
Lucas critique & the stability of empirical models
This Federal Reserve Bank of Richmond Working Paper, published 14 August, re-considers the empirical relevance of the Lucas critique using a DSGE sticky price model in which a weak central bank response to inflation generates equilibrium indeterminacy.