United States
Richmond Fed appoints deputy general counsel
The Federal Reserve Bank of Richmond announced on Wednesday 14 December that Patricia A. Lacey Nunley would be appointed to the position of deputy general counsel, with responsibility for the Legal department, effective from 1 Jan.
Philadelphia Fed President to leave next year
Anthony Santomero, president of the Federal Reserve Bank of Philadelphia, announced on Friday 16 December that he will leave his position as president effective 31 March.
Philadelphia Fed Business Outlook Survey, Dec 2005
According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, December 2005, activity in the region's manufacturing sector continues to expand.
Between the Fed's fewer lines
According to this article published on Wednesday 14 December, the Federal Open Market Committee's overhaul of its post-meeting statement appears to have the dual purpose of putting financial markets on notice that the Fed has entered a more neutral…
Fed's Greenspan on free markets
In a speech given on 14 December Alan Greenspan of the Federal Reserve said the rise in global living standards despite fears of violence is a testament to the value of free markets in the world.
Krueger on the global consequences of Asian growth
In the speech 'Still achieving, still pursuing: The global consequences of Asian growth' given on 14 December Anne Krueger of the IMF said many Asian economies have long been reaping the benefits of trade liberalization.
UK's Brown to meet Bernanke on Friday
British Chancellor Gordon Brown will meet the new designated future chairman of the U.S. Federal Reserve, Ben Bernanke, in Washington on Friday 16 December.
New York Fed's Economic Policy Review, Dec 2005
The Federal Reserve Bank of New York has published the December 2005 edition of its Economic Policy Review. The articles in the latest edition were presented at a conference organised by the Federal Reserve Bank of New York in April 2005, "Urban Dynamics…
Fed raises rates, tweaks statement
The Federal Open Market Committee decided on Tuesday 13 December to raise its target for the federal funds rate by 25 basis points to 4-1/4 percent. In its statement the FOMC removed the term 'policy accommondation' but suggested rates could rise further…
Comment: Fed signals end to rate cycle
The Fed this week increased interest rates by 25 basis points for the 13th consecutive time. While the move itself was a foregone conclusion, the removal of the word "accommodative" from the accompanying monetary policy statement, indicates that the…
Word junkies get ready for a fix from the Fed
According to this article published on Monday 12 December, while there is little doubt the Fed will raise the funds rate by another 25 basis points to 4.25 percent on Tuesday, the main issue is the language of the statement.
Philadelphia Fed Business Review, 3rd Quarter 2005
The Federal Reserve Bank of Philadelphia has published its regular Business Review for the Third Quarter 2005. The latest edition includes articles titled, The changing patterns of payments in the United States, The economics of asset securitization, and…
Fed may remove 'accommodation' phrase
The Federal Reserve may say monetary policy is no longer stimulating the economy after it is expected to raise interest rates Tuesday 13 December for the 13th time, according to over half of Wall Street's largest bond trading firms surveyed by Bloomberg.
Dallas Fed's Fisher on globalization & govt policy
In the speech 'Globalization and government policy' given on 2 December Richard Fisher of the Federal Reserve Bank of Dallas said the Fed must not accommodate growing federal budget deficits by compromising monetary policy, and it must continue to fight…
Fed's Bies on regulatory capital requirements
In the speech 'Linkages between Internal Capital Measures and Regulatory Capital Requirements' given on 6 December Susan Schmidt Bies of the Federal Reserve said Basel II provides a means for regulators to rely more on banks' internal estimates of risks-…
Greenspan saves the world again
Federal Reserve chairman Alan Greenspan attended his final G7 meeting in his official capacity last weekend. He receives various tributes, honours and gifts, including a cartoon depicting him as a goal keeper.
IMF chief economist sees further US rate hikes
The International Monetary Fund's chief economist, Raghuram Rajan, predicted on Friday 9 December that the Federal Reserve would probably continue to raise interest rates.
Greenspan says debate, openness must be balanced
Federal Reserve chairman Alan Greenspan said in response to questions from Congress that the FOMC works hard to balance policymakers' need to have private discussions about economic matters and investors' desire for transparency.
Fed's Ferguson on asset price levels & volatility
In the speech 'Asset price levels and volatility: Causes and implications' given on 15 November Roger Ferguson of the Federal Reserve said the reduced volatility seen in overall economic activity since the mid-1980s does not seem to have carried over…
IMF's Krueger on economic policy reform
In the speech 'Mutual reinforcement: Economic policy reform and financial market strength' given on 1 December Anne Krueger of the IMF said for economists and policymakers, the experience of the 1990s taught us a great deal.
SF Fed's Yellen on 2005 in review and prospects
In the speech 'The U.S economy: 2005 in review and prospects for 2006' given on 2 December Janet Yellen of the Federal Reserve Bank of San Francisco said the Federal Reserve is probably not yet finished raising interest rates and must monitor price gains…
Fed's end to rate increases in 2006
Federal Reserve officials will gather on 13 December and for the 13th meeting in a row will raise interest rates by a quarter-percentage point, this article published Tuesday 6 December says.
Richmond Fed's Economic Quarterly, Fall 2005
The Federal Reserve Bank of Richmond has published its Economic Quarterly for Fall 2005. The latest issue includes the article 'Monetary policy and the term structure of interest rates'.
Fed's Olson on economic growth
In the speech 'Economic growth: Lessons from the Sioux Falls experience' given on 5 December Mark Olson of the Federal Reserve said the Fed can best promote a credit climate that fosters rural progress by maintaining an environment of low inflation.