United States
Adams says Japan's deflation fight almost over
A senior U.S. Treasury official indicated on Wednesday 1 March that Japan has nearly beaten deflation, and China should allow its currency to be more flexible.
Comment: Presidential Fed nominations
When George W. Bush announces his nomination to replace departing vice chairman, Roger Ferguson, he will have chosen all seven members of the board of governors at the Fed. In doing so, he will join Ronald Reagan and Franklin Roosevelt as the only…
Chicago Fed National Activity Index, January 06
The Chicago Fed National Activity Index for January 2005, published 23 February, was +0.27, down from +0.37 in December. Three of the four broad categories of indicators that make up the index made positive contributions, while the remaining category…
Bush's Board
George W. Bush is only the third president to appoint all seven members of the Board of Governors, notes this article published Monday. But how does he compare to his predecessors in terms of overall influence on the makeup of Fed leadership?
St Louis Fed's Poole on Fed communications
In the speech 'Fed communications' given on 24 February William Poole of the Federal Reserve Bank of St. Louis said FOMC statements could be made clearer by adopting more standard expressions and even by explicitly adopting the understanding that the Fed…
Fed's Bernanke on the benefits of price stability
In the speech 'The benefits of price stability' given on 24 February Ben Bernanke of the Federal Reserve said the Fed needs to keep inflation low to meet its other mandated goals of high employment and moderate long-term interest rates.
Bernanke says bad idea to manage asset prices
The Federal Reserve has to pay close attention to asset prices because they affect the economy, according to Fed chairman Ben Bernanke, but it is not a good idea for the US central bank to try to affect their prices directly.
US economy can stand Fed 'mistake' says Poole
St Louis Fed president William Poole said on Friday 24 February that the U.S. economy can cope if the Federal Reserve makes a "mistake" and raises interest rates too high.
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.