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NY Fed welcomes derivatives commitments

The Federal Reserve Bank of New York said on Monday 13 March it welcomes the new commitments by 14 major market participants to continue their progress toward improving the infrastructure that supports the credit derivatives markets.

NY Fed's Geithner on U.S. monetary policy

In the speech 'U.S. monetary policy in the global financial environment' given on 9 March Timothy Geithner of the Federal Reserve Bank of New York said U.S. monetary policy may need to be tightened sufficiently to offset the downward pull on interest…

Illiquidity in the interbank payment system

The March 2006 New York Fed Staff Report "Illiquidity in the interbank payment system following wide-scale disruptions" shows how the interbank payment system can become illiquid following wide-scale disruptions.

Bernanke on community banking & bank supervision

In the speech 'Community banking and community bank supervision in the twenty-first century' given on 8 March Ben Bernanke of the Federal Reserve said the rapid growth in commercial real-estate loans made by community banks bears watching.

Fed Reserve Bank of St Louis Review, Mar/Apr 2006

The latest edition of the St Louis Fed's Review for Mar/Apr 2006 includes the article 'Macroeconomic news and real interest rates'. Economic news affects the perceptions of investors, forecasters, and policymakers about the strength or weakness of the…

Changes in the Federal Reserve's inflation target

The Boston Fed Working Paper "Changes in the Federal Reserve's inflation target: causes and consequences" estimates a New Keynesian model to draw inferences about the behavior of the Federal Reserve's unobserved inflation target.

Bush quietly reshaping the Fed

Few presidents have had the opportunity to shape the Federal Reserve the way President Bush has this year, according to this article published Friday. And once Bush replaces Ferguson, it says, four of the Fed's seven governors will have taken office in…

Fed veteran Kohn seen as candidate for No. 2 slot

According to this article published Thursday 2 March, Donald Kohn is seen as a top contender for the Federal Reserve's No. 2 spot. Kohn's connection with Alan Greenspan's largely successful tenure is likely to be seen as a plus within the White House, it…

Interview with Minneapolis Fed's Gary Stern

In an interview with MarketWatch conducted on Friday 3 March, Minneapolis Fed president Gary Stern said he supports a formal inflation target to "lock in" current good policy practices, but he doesn't see any urgency in making changes. Stern also gave an…

Chicago Fed's Moskow on pension issues

In the speech 'The regional perspective on pension issues' given on 28 February Michael Moskow of the Federal Reserve Bank of Chicago said the restructuring of public pension plans could require painful tax hikes or cuts in government services in some…

Fed's Kohn on regulatory relief

In testimony 'Regulatory relief' given on 1 March Donald Kohn of the Federal Reserve said the Federal Reserve will continue to be "a strong and active supporter" of legislative efforts to provide regulatory relief in the banking sector.

Fed's Ferguson on the economic outlook for the US

In the speech 'Economic outlook for the United States' given on 3 March Roger Ferguson of the Federal Reserve said the US economy is "solidly on track" but faces risks that could alter both its path and the direction of interest-rate policy.

Greenspan moved markets less

According to the article 'Greenspan moved markets less as Poole, Kohn gained influence' published Wednesday, new research shows former Federal Reserve Chairman Alan Greenspan's speeches moved the bond market less in 2005 than in prior years as William…

Phil Fed's Santomero on the U.S. economy

In the speech 'The U.S. economy: How fast can we grow?' given on 23 February Anthony Santomero of the Federal Reserve Bank of Philadelphia said the U.S. economy's long-run potential growth rate is about 3.0 percent, which is consistent with the Fed…

Fisher on Asia, trade deficits and the US economy

In the speech 'Asia, trade deficits and the health of the U.S. economy' given on 23 February Richard Fisher of the Federal Reserve Bank of Dallas said the U.S. economy is poised to grow by more than 4 percent at an annual rate in the current quarter…

Fed's Kroszner sworn in

Randall S. Kroszner took the oath of office on Wednesday 1 March as a member of the Board of Governors of the Federal Reserve System.

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