United States
Fed's loss is Bernanke's gain
According to this article published Thursday 23 February, with Vice-Chairman Roger W. Ferguson Jr., a Democrat, out of the way, the new Federal Reserve chairman can now dominate the inflation debate.
Fed's Warsh sworn in
Kevin Warsh took the oath of office as a member of the Board of Governors of the Federal Reserve System on Friday 24 February.
Greenspan may work with WSJ columnist on book
Former Federal Reserve Chairman Alan Greenspan and David Wessel, the Wall Street Journal's deputy Washington bureau chief and author of the paper's Capital column, have talked about collaborating on a book, according to Dow Jones.
Bending the yield curve to fit current fashion
This article published on Tuesday 21 February looks at the refusal of long- term interest rates to follow short-term rates higher when the Fed began raising rates in June 2004.
Greenspan speaks on outlook for energy
Former Federal Reserve Chairman Alan Greenspan discussed the energy outlook and the U.S. housing market, among other topics, at a gathering hosted by ABN AMRO on Wednesday 22 February, an economist told Reuters.
Ferguson on globalization, insurers, & regulators
In the speech 'Globalization, Insurers, and Regulators: Shared Challenges Call for Collaborative Solutions' given on 23 February Roger Ferguson of the Federal Reserve said he did not expect long-term interest rates to rise suddenly, although it was hard…
Comment: Ferguson bids Fed farewell
The vice chairman of the Federal Reserve, Roger Ferguson, will retire in two months time and he will not attend the Fed's next rate-setting meeting on March 27-28. Ferguson's departure underscores the idea of a Fed in flux.
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 October-December 2005, the U.S. monetary authorities did not intervene in the foreign exchange markets during the October -…
Fed can't rule out more rate rises
Minutes from the Federal Reserve's 31 January FOMC meeting released on Tuesday 21 February showed Fed officials felt a 14th straight increase in interest rates last month put borrowing costs near where they needed to be, but they could not rule out more…
Roger Ferguson resigns from Fed Board
In a surprise move, Roger Ferguson, Jr. submitted his resignationon Wednesday 22 February as Vice Chairman and as a member of the Board of Governors of the Federal Reserve System, effective April 28, 2006.
Dallas Fed's Fisher says Fed wary of energy prices
Dallas Federal Reserve President Richard Fisher said on Tuesday 21 February the U.S. economy was currently "very strong" and energy prices would be monitored by the Fed in weighing future policy.
Philadelphia Fed Business Outlook Survey, Feb 2006
According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, February 2006, the pace of activity in the region's manufacturing sector picked up in February. The general activity index improved notably this month, and indicators for…
St Louis Fed's Central Banker, Spring 2006
The St. Louis Fed has published the Spring 2006 edition of its Central Banker magazine. The article "Greenspan's unconventional view of the long-run inflation/output tradeoff" says that the former Fed chairman's views on the relationship between…
St Louis Fed's Poole on inflation targeting
In the speech 'Inflation targeting' given on 16 February William Poole of the Federal Reserve Bank of St. Louis said an explicit inflation target would help the Federal Reserve do a better job of anchoring expectations and ensuring low and stable prices.
Fed's Pianalto says growth, stability go together
Cleveland Fed president Sandra Pianalto said Thursday 16 February that the Federal Reserve's twin objectives of price stability and growth go hand in hand.
Senate panel approves Kroszner, Warsh to Fed
The Senate Banking Committee on Thursday 16 February approved the nominations of Randall Kroszner and Kevin Warsh to be members of the Federal Reserve's board of governors.
New Fed chief meets same old Congress
In terms of the testimony itself, the transition from Greenspan to Bernanke was seamless, according to this article published on Thursday 17 February. But he did it in language that Congress and the larger audience - financial markets - could understand,…
Bernanke: Greenspan speeches don't violate ethics
Fed chairman Ben Bernanke said his predecessor, Alan Greenspan, has not violated any central bank or federal government ethics rules as a result of his recent series of private speeches since leaving his post on 1 February
Fed chief rules out mandate change
Ben Bernanke said he doesn't want Congress to change the Federal Reserve's mandate that it pay attention to both price stability and maximum employment or economic growth.
Lacker on transition and continuity at the Fed
In the speech 'Transition and continuity at the Federal Reserve in 2006' given on 14 February Jeffrey Lacker of the Federal Reserve Bank of Richmond said that incoming Fed Chairman Ben Bernanke must preserve the hard-won credibility for maintaining low…
Federal Reserve's Monetary Policy Report, Feb 2006
The Federal Reserve published its February 2006 Monetary Policy Report to the Congress on Wednesday 15 February. The U.S. economy should continue to perform well in 2006 and 2007. But higher energy prices will probably exert some restraint on activity…
Bernanke says more rate rises 'may' be necessary
Ben Bernanke told Congress on Wednesday 15 February that more US rate hikes "may" be necessary as the threat of higher inflation persists despite a year-and-a-half of steady tightening.
Fed nominees emphasise inflation control
The two nominees for the Federal Reserve Board, Randall S. Kroszner and Kevin M. Warsh, said on Tuesday 14 February, in testimony to the Senate Banking Committee that controlling inflation was the key to maintaining economic growth in the United States.
Fisher: Fed won't let inflation raise "ugly head"
Dallas Fed President Richard Fisher said on Tuesday 14 february that the Federal Reserve is committed to pursuing monetary policy that supports economic growth without higher inflation.