United States
Comment: Hawkish Fed
After a string of speeches by its senior staff this week, the Fed appears to be in an increasingly hawkish mood. The growing perception that that US interest rates will have to rise further could be bolstered by today's release of consumer price data for…
Philadelphia Fed Business Review, 2nd Quarter 2006
The Federal Reserve Bank of Philadelphia has published its regular Business Review for the Second Quarter 2006. Articles cover wage cyclicality, collateral, the relationship between technology and increased skills among workers, and an update to…
Pianalto on economic conditions & monetary policy
In the speech 'Economic conditions and monetary policy' given on 12 June Sandra Pianalto of the Federal Reserve Bank of Cleveland said recent news on US inflation has been troubling, but if the economy moderates as forecast, an interest rate at 5% is…
Fed's Reinhart: Draw firm line on inflation
Top U.S. Federal Reserve staffer Vincent Reinhart said on Friday 9 June that experience tells us it is important to draw a firm line in the fight against inflation.
Fed's Olson on compliance
In the speech 'What Are Examiners Looking for When They Examine Banks for Compliance?' given on 12 June Mark Olson of the Federal Reserve said US bank regulators are revising anti-money laundering guidelines for banks and aim to issue an updated manual…
Guynn on the next stage of the housing cycle
In the speech 'Adjusting to the next stage of the housing cycle' given on 7 June Jack Guynn of the Federal Reserve Bank of Atlanta said core inflation may have already breached its acceptable upper level and the Federal Reserve must be ready to reset…
Senate likely to vote on Fed's Kohn June 14
The U.S. Senate Banking Committee will likely vote on the nomination of Federal Reserve Board Governor Donald Kohn to be vice chairman at the central bank on June 14, a spokesman was quoted as saying on Thursday 8 June.
Fed, under pressure, may go ahead with increase
According to this article by John Berry of Bloomberg, published Friday 9 June, Federal Reserve officials now seem likely to raise US interest rates later this month.
Bernanke's Commencement address
In the speech 'Commencement address' given on 9 June Ben Bernanke of the Federal Reserve said the revival in U.S. business productivity since the mid-1990s still has some way to run.
White House's Lazear: Stocks slide not alarming
Top White House economist Edward Lazear on Thursday 9 June played down concerns about recent declines in U.S. stock prices and weakness in the U.S. dollar.
What did Bernanke say?
According to this editorial published Wednesday 7 June, Federal Reserve chairman Ben Bernanke is probably obsessed with central bank transparency.
Regime change?
According to this article by Steve Hanke, published 5 June 2006, in the months before the meetings of the International Monetary Fund and World Bank in April, the IMF appeared to be in its twilight.
Kohn: Nomination as Vice Chairman to the Board
In testimony given on 8 June Donald Kohn of the Federal Reserve said that rising prices had raised an inflation "warning flag" that demanded attention, in the latest hawkish remarks from central bank policymakers.
Fed's Bies on effective risk management
In the speech 'Challenges of conducting effective risk management in community banks' given on 6 June Susan Schmidt Bies of the Federal Reserve said US banking regulators are warily eyeing concentrations of commercial real estate loans and worry some…
New York Fed's Economic Policy Review, May 2006
The Federal Reserve Bank of New York has published the May 2006 edition of its Economic Policy Review. The latest edition includes the article "Trading risk, market liquidity, and convergence trading in the interest rate swap spread".
Fed's Poole sees stagflation possibility
If inflation expectations are rising, a slowing economy may not reduce inflation pressures, said St. Louis Federal Reserve President William Poole, quoted in the Wall Street Journal online edition.
Greenspan picks writer to help with memoirs
Alan Greenspan has selected a Fortune Magazine veteran, Peter Petre, to assist him on his memoirs, The New York Times reported.
Greenspan sees little impact on growth from oil
Former Federal Reserve Chairman Alan Greenspan told the Senate Foreign Relations Committee in Washington that higher oil prices have had "little consequence" for a "more flexible" U.S. economy and probably haven't caused "serious erosion" worldwide.
Fed's Hoenig says too soon to be behind curve
Kansas president Thomas Hoenig said on Tuesday 6 June that monetary policy acts with a lag and, as a result, it was premature to say the U.S. central bank was "behind the curve" in raising interest rates.
Fed's Bernanke on the outlook for the U.S. economy
In the speech 'Panel discussion: Comments on the outlook for the U.S. economy and monetary policy' given on 5 June Ben Bernanke of the Federal Reserve said recent increases in measures of inflation ``are unwelcome'' and he will ensure the trend isn't…
Philadelphia Fed names new president
The Federal Reserve Bank of Philadelphia announced Tuesday 6 June that Charles I. Plosser, a professor of economics, has been named president of the Philadelphia Fed.
St Louis Fed's Central Banker, Summer 2006
The St. Louis Fed has published the Summer 2006 edition of its Central Banker magazine. In the article "Our strategic direction: The big picture" First Vice President Dave Sapenaro shares where the Bank is headed.
Chicago Fed's Moskow on the US economic outlook
In the speech 'US economic outlook and the role of inflation inertia' given on 2 June Michael Moskow of the Federal Reserve Bank of Chicago said US inflation will likely stay contained but is at the top end of the price-stability zone and interest-rate…
IMF approves Lipsky as first deputy MD
The International Monetary Fund's board on Thursday 1 June approved John Lipsky as IMF first deputy managing director, the second-highest position at the Fund.