United States
Philadelphia Fed Business Outlook Survey, Nov 2005
According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, November 2005, activity in the region's manufacturing sector continues to expand.
Chicago Fed's Moskow on U.S. economic outlook
In the speech 'U.S. economic outlook' given on 21 November Michael Moskow of the Federal Reserve Bank of Chicago said more Federal Reserve rate increases are appropriate at this point, even with the federal funds rate now at the low end of a neutral…
Evolving perceptions of the European Central Bank
The New York Fed Staff Report 'Establishing credibility: Evolving perceptions of the European Central Bank' published November 2005 presents an empirical framework that uses high-frequency data to test for persistent variation in market perceptions of…
Phil Fed's Survey of Professional Forecasters
The Federal Reserve Bank of Philadelphia published its Fourth Quarter 2005 Survey of Professional Forecasters on 14 November. Growth in the current quarter looks slower now than it did just three months ago, according to the 51 forecasters surveyed.
Poole sees further Fed tightening if needed
A top Fed policy-maker said on Thursday 17 November that core US inflation and inflation expectations have weathered high energy prices and if necessary, the Federal Reserve will raise interest rates to make sure this remains.
Blinder says no news is good news on Bernanke
In a comment piece published by the New York Times on Sunday 20 November, Alan Blinder suggests the national news media seem to find monetary policy less engaging than they did in 1979 or 1987.
Kansas City Fed's TEN Magazine, Fall 2005
The new issue of the Kansas City Fed's TEN Magazine looks at lessons learned during Alan Greenspan's time at the helm of the Federal Reserve System, as well as the emerging role of community colleges, the security of online payment systems.
Bernanke gives Fed an explicit inflation target
According to this article published Thursday 17 November, the Federal Reserve now has an explicit inflation target because incoming chairman Ben Bernanke has suggested a preference for a 1 to 2 percent rate.
Kansas Fed paper on the FOMC & the great inflation
The Federal Reserve Bank of Kansas City has published a Working Paper by Sharon Kozicki and P.A. Tinsely titled "Perhaps the FOMC did what it said it did: An alternative interpretation of the great inflation".
Bernanke urges action on China currency
Federal Reserve chairman-designate Ben Bernanke has called on China to reform its currency regime in the interests of its own economy.
Senate panel gives Bernanke go ahead as Fed chair
The U.S. Senate Banking Committee on Wednesday 16 November approved the nomination of Ben Bernanke to be chairman of the Federal Reserve, sending it to the full Senate for a final confirming vote.
Is cb independence all it's cracked up to be?
The article "Is central bank independence all it's cracked up to be?" written by Joseph Stiglitz and published on Tuesday 15 November says as Alan Greenspan departs, he leaves behind a heavily burdened US economy that is already contributing to global…
US deficits may not require big dollar drop - RBA
A new Reserve Bank of Australia discussion paper suggests that the real exchange rate adjustment required to address the US current account problems may not be as large as is often argued.
Fed's Olson on US payment systems
At a EU/U.S. Retail Banking Forum Conference in Brussels on November 15, US Federal Reserve governor, Mark W. Olson, offered some insights into the US payments system.
Bernanke hawkish on inflation
In his confirmation hearing before the US Sentate Banking Committee, Ben Bernanke expressed some concerns about the current inflation rate in the US.
Comment: Bernanke hits the ground running
While arguing that he will take his time in building the case for an inflation-targetting Fed, Ben Bernanke's remarks during his confirmation hearing yesterday before the US Senate Banking Committee made clear that he remains a proponent of the framework.
Bernanke heads to Capitol Hill
Market participants will have all eyes on Ben Bernanke as he appears before a US Senate committee on Tuesday, 15 November. Bernanke is to appear before the Senate Banking Committee as part of the run-up to him taking over the reins from Alan Greenspan as…
Greenspan praises labor flexibility
In a speech prepared for the Bank of Mexico's 80th Anniversary International Conference in Mexico City, departing US Federal Reserve president Alan Greenspan argued that policymakers can promote economic stability by enabling a flexible economic…
Fed governor testifies on Basel II
Federal Reserve governor Susan Schmidt Bies testified on 10 November before the US Senate committee on banking, housing, and urban affairs on the implementation of Basel II and revisions to Basel I.
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 July-September 2005, the U.S. monetary authorities did not intervene in the foreign exchange markets during the quarter.
Fed's Ferguson on monetary credibility & inflation
In the speech 'Monetary credibility, inflation, and economic growth' given on 3 November Roger Ferguson of the Federal Reserve said that central bankers must use "all our tools" to stop inflationary expectations from taking hold in the economy.
IMF's Rato on building better institutions
In the speech 'Building better institutions' given on 3 November Rodrigo de Rato of the IMF said central banks in emerging markets that used inflation targeting not only reduced inflation but experienced less volatility.
Chicago's Moskow on the future of higher education
In a speech given on 2 November Michael Moskow of the Federal Reserve Bank of Chicago said an evolving economy means education, productivity and economic growth are more closely linked than ever at a time U.S. universities are under mounting financial…