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Markets misunderstand testimony says Bernanke

Federal Reserve chairman Ben Bernanke believes that the media and the markets have misinterpreted his words last week as a signal that the Fed would stop after one more rate hike, according to CNBC anchor Maria Bartiromo on Monday 1 May.

Fed's Moskow says inflation contained

Chicago Federal Reserve President Michael Moskow on Monday 1 May said in an interview that core inflation is currently contained, but is at the high end of his "comfort zone," and at the top of his list of worries about the economy.

Fed's Bies on enterprise risk management

In the speech 'A bank supervisor's perspective on enterprise risk management' given on 28 April Susan Schmidt Bies of the Federal Reserve said the fast growth in commercial real estate lending by U.S. banks could lead to problems somewhere down the road.

Fed's Kohn on business capital spending

In the speech 'Business capital spending' given on 27 April Donald Kohn of the Federal Reserve said solid business investment should prevent U.S. economic growth from easing too abruptly as the housing sector slows.

Federal Reserve Board - Beige Book, April 2006

The Federal Reserve published its April 2006 Beige Book survey on 26 April. U.S. economic activity continued to expand across the country in March and the first half of April, but higher energy prices put pressure on costs, the report said.

Nacha honours Fed vice chairman Roger Ferguson

The Electronic Payments Association will present its 2006 George Mitchell Payments System Excellence Award to Roger Ferguson, Vice Chairman of the Federal Reserve, who is completing his service to the Federal Reserve and the U.S. payments system on 28…

Comment: 'Surprise' rate hike in China

The People's Bank of China yesterday raised its benchmark one-year lending rate to 5.85% from 5.58%. The move surprised analysts who had expected the authorities to stick to a combination of administrative measures and higher reserve requirements for…

Bernanke prods Fed to review communication

According to the article "Bernanke prods Federal Reserve to review communication strategy" published on Wednesday 26 April , the Federal Reserve is preparing a comprehensive communication review. The examination will take months and seek a consensus…

How/why do consumers choose their payment methods?

In this Kansas City Fed RWP Stacey Schreft takes a detailed look at the state of research on this subject, where research needs to go, and why such research is important for monetary policymakers and banking regulators.

Bernanke on community economic development

In the speech 'By the numbers: Data and measurement in community economic development' given on 20 April Ben Bernanke of the Federal Reserve said more and better data about low-income communities are needed to advance development in those areas.

Interview with Fed's Roger Ferguson

In an interview published on Friday 21 April, Federal Reserve Vice Chairman Roger Ferguson said if there were a sense that the economy was at great risk, he would not want to leave the Fed.

Reshaping the IMF - Not even a cat to rescue

This article published Thursday 20 April reports that the International Monetary Fund's budget is shrinking and the morale of its staff is sinking. Some of its best customers are now doing without it, leaving some of its biggest shareholders wondering…

Can the new Fed keep eyes off rear-view mirror?

According to this article published Thursday 20 April, the minutes from the last FOMC meeting, released on Tuesday 18 April, had something old, something new -- and something borrowed from former Fed Chairman Alan Greenspan.

Interactive access to Fed statistical data

The Federal Reserve Board on Wednesday 19 April announced its new Data Download application, which provides interactive access to Federal Reserve statistical data in a variety of electronic formats.

SF Fed's Yellen on prospects for the economy

In the speech 'Prospects for the economy' given on 18 April Janet Yellen of the Federal Reserve Bank of San Francisco said the U.S. economy is likely to slow back toward trend growth after a "hot" first quarter, and runs the risk of slowing more based on…

Chicago Fed's Moskow on the auto industry

In the speech 'Issues for carmakers and parts suppliers and challenges for the seventh district's auto industry' given on 18 April Michael Moskow of the Federal Reserve Bank of Chicago said the U.S. auto industry faces a string of issues as market share…

Fed's Fisher says economy in a sweet spot

Federal Reserve Bank of Dallas President Richard Fisher said on Wednesday 20 April that the U.S. economy can cope with a housing slowdown and that the effect of oil prices on inflation had been manageable.

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