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Chicago Fed National Activity Index, July 2005

The Chicago Fed National Activity Index for July 2005 was +0.16 down from +0.40 in June. Three of the four broad categories of indicators that make up the index - employment, consumption and housing, and sales, orders, and inventories - made positive…

Oil-market frenzy and the Fed

This editorial by The Washington Times, published on Tuesday 16 August, says the job of the Federal Reserve has become far more complicated today. Today, following years in which international financial markets have been increasingly integrated, global…

Phil Fed's Survey of Professional Forecasters

The Federal Reserve Bank of Philadelphia published its Second Quarter 2005 Survey of Professional Forecasters on 15 August. The economy in the second half of the year looks stronger now than it did three months ago, according to 53 forecasters surveyed.

Kansas Fed Paper on inflation targeters

The Kansas Fed Working Paper "Do we really know how inflation targeters set interest rates?" published July 2005 says under inflation targeting regimes other objectives that possibly conflict with the inflation goal are present.

Greenspan, her art-throb

Fascinated by the Federal Reserve chairman, this article looks at the work of an artist who has completed 20 paintings and sketches of Alan Greenspan. The artist then decided to display her works at a gallery on Long Island over the summer.

Foreign central banks buying more US debt

Foreign central banks were big buyers of US debt in the latest week, swallowing up similar amounts of both Treasury and agency debt in what was the heaviest week of buying in 2-1/2 months, Federal Reserve data showed on Thursday 11 August.

New spokesman for the New York Fed

Peter Bakstansky has been the spokesman for the New York Fed for so long - 30 years, to be precise - that his impending retirement will be hard to get accustomed to, at least for any journalist.

Fed expected to raise rates again

It was expected that the Federal Reserve would increase US interest rates again for the tenth consecutive time at the conclusion of its FOMC meeting on Tuesday 9 August.

Study says euro could be top reserve by 2022

A paper published this week says the euro could replace the dollar as the world's dominant reserve currency within 20 years if Britain and other EU countries adopted the unit and the US currency continues to slide.

Christopher Cox sworn in as SEC chairman

With his wife Rebecca standing at his side, Christopher Cox took the oath of office to become the 28th Chairman of the Securities and Exchange Commission from Federal Reserve Chairman Alan Greenspan on Wednesday 3 August.

Fed's Gramlich to join University of Michigan

The University of Michigan has selected Professor Edward Gramlich to serve as interim provost and executive vice president for academic affairs, effective 1 September, with approval from the university's board of regents.

Greenspan praises late ECB chief

Federal Reserve chairman Alan Greenspan on Monday 1 August praised the contribution of the European Central Bank's first president, Wim Duisenberg, who died on Sunday.

SF Fed's Yellen on the economy and monetary policy

In the speech 'Views on the economy and implications for monetary policy' given on 29 July Janet Yellen of the Federal Reserve Bank of San Francisco said the Fed should keep raising interest rates to pull some of the stimulus out of the U.S. economy.

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