United States
Fed watching prices closely says Santomero
The Federal Reserve is closely watching price increases in various industries, Philadelphia Fed President Anthony Santomero said on US television.
Dallas Fed's McTeer - Inflation rise likely a blip
Increases in US inflation recently may prove to be a blip but the Federal Reserve needs two to three more months of data before it can make this judgment, Dallas Fed president Bob McTeer said on Tuesday 13 July.
Fed's Hoenig sees US inflation staying in 2% range
U.S. inflation should remain contained despite strong growth, Federal Reserve Bank of Kansas City President Thomas Hoenig said on Tuesday 14 July.
House prices likely to grow slowly Fed study shows
House prices in the US are likely to grow at the slowest pace in more than three decades as interest rates climb and land prices take a tumble over the next three years, researchers at the Federal Reserve have estimated in a new study.
Snow says terror threat hangs over US economy
The potential for more terror attacks is a risk to the U.S. economy that requires vigilance against any bid to weaken measures for investigating suspicious money transactions, U.S. Treasury Secretary John Snow said on Tuesday 13 July.
Hoenig sees US inflation staying below 2%
Kansas City Federal Reserve Bank President Thomas Hoenig said in a speech to a business group that he doesn't think inflation will exceed a 2.0 percent rate in the US.
After Greenspan, Who?
Alan Greenspan has just begun another term as chairman of the Federal Reserve, but a number of new hirings suggests a deep pool of potential heirs is being assembled, this article says.
Interview with St Louis Fed's William Poole
In the interview "My goal for inflation is zero" published this week, St Louis Fed President William Poole talks about the central bank's need to stay ahead of the curve when it comes to rising prices. He also said he believes that Fannie Mae and Freddie…
Alan Greenspan is the man!
It's no surprise that President George W. Bush has asked Alan Greenspan to re-enlist for a fifth four-year term as chairman of the Federal Reserve, this article says, especially since Bush pledged to do so one year ago. Comparing Greenspan to four other…
Fed's Roger Ferguson on productivity:
In a speech on 'Productivity: Past, Present, and Future' given on 7 July, Roger Ferguson of the Federal Reserve said the recent increase in U.S. inflation should not be sustained but the Fed is ready to act if that view proves wrong.
Lessons from the past productivity booms
Distinguished lecture on economics in government: Lessons from past productivity booms by Roger Ferguson and William Wascher. The experience in the US suggests that extended periods of strong productivity growth are characterized by innovations in…
St Louis Fed's Regional Economist, July 2004
The Quarterly Review of Business and Economic Conditions, The Regional Economist, July 2004 edition from the St Louis Fed includes the article "Fannie, Freddie and the FHLB". These government-sponsored enterprises continue to make headlines because of…
'The Region' from the Minneapolis Fed, June 2004
The Federal Reserve Bank of Minneapolis has published its regular magazine, The Region, for June 2004. The issue includes 'Prospects for economic expansion' in which Gary Stern speaks on the concepts of resilience, flexibility and productivity. In …
Broaddus US economy strong, inflation contained
Federal Reserve Bank of Richmond President Alfred Broaddus said on Tuesday 6 July that the U.S. economy looks strong, and inflation does not appear to be a problem but the Federal Reserve will "walk the walk" to ensure price stability.
Fed Reserve Bank of St Louis Review, Jul/Aug 2004
The latest edition of the St Louis Fed's Review for July-August 2004 contains proceedings of the Twenty-Eighth Annual Economic Policy Conference of the Federal Reserve Bank of St. Louis and includes articles "Is inflation targeting best-practice monetary…
Fed appoints new General Counsel
The Federal Reserve Board on Tuesday 29 June announced the appointment of Scott G. Alvarez as its General Counsel, effective July 1, 2004.
FOMC minutes, 4 May, show worries over inflation
Minutes from the Federal Reserve's 4 May FOMC meeting released on 1 July showed that nearly two months before the Fed raised short-term interest rates on Wednesday, some board members made it clear that they were more worried about inflation than Alan…
Snow says higher rates won't dampen US growth
US Treasury Secretary John Snow on Tuesday 29 June expressed optimism that rising market-based interest rates will not act as a drag on the US economic recovery. The Federal Reserve was expected to raise US interest rates at the conclusion of its FOMC…
St Louis Fed's Central Banker, Summer 2004
The Summer 2004 edition of the St. Louis Fed's Central Banker magazine has been published. The latest issue carries an article "The FACT Act Helps Bankers Mitigate Risks" which says approximately half of all identity-theft claims in the Eighth District…
Fed set to begin 'measured' rate-rise campaign
Federal Reserve officials are set to raise interest rates on Tuesday 29 June for the first time in four years -- the first step in what they have said will be a "measured" campaign to keep inflation under control as the US economy strengthens.
Fed's Gramlich on reducing budget deficits
In a speechon 'Reducing budget deficits' given on 24 June, Edward Gramlich of the Federal Reserve said the United States must reduce its budget deficits and enforce a tighter fiscal policy to ensure the long-run health of the economy.
Fed seeks nominations to Consumer Advisory Council
The Federal Reserve Board has announced that it is seeking nominations for appointments to its Consumer Advisory Council. Eleven new members will be appointed to serve three-year terms beginning in January 2005.
Fed's Kohn on regulatory reform proposals
In testimony 'Regulatory reform proposals' given on 22 June, Donald Kohn of the Federal Reserve said that the Federal Reserve Board strongly supports legislative proposals that would authorise the payment of interest on demand deposits and on balances…
Fed's Bies on trends in risk management
In the speech 'Trends in Risk Management and Corporate Governance' given on 22 June Susan Schmidt Bies of the Federal Reserve said America's banks and other financial institutions are making progress in tightening their rules and procedures but still…