United States
Bernanke won't advise on Fed chairman choice
Ben Bernanke said on Monday he will not be involved in advising President George W. Bush on whom he should pick to succeed Alan Greenspan as chairman of the Federal Reserve.
FOMC Minutes, 29-30 June
Minutes from the Federal Reserve's 29-30 June meeting published on Thursday 21 July showed policy-makers agreed that they had to be specially vigilant for signs of rising inflation and that they needed to keep raising interest rates.
Fed's Kohn on monetary policy perspectives
In the speech 'Monetary policy perspectives on risk premiums in financial markets' given on 21 July Donald Kohn of the Federal Reserve said that greater transparency at the U.S. central bank may have led to less uncertainty in financial markets and…
Federal Reserve's Monetary Policy Report, Jul 2005
The Federal Reserve published its July 2005 Monetary Policy Report to the Congress on Wednesday 20 July. The U.S. economy continued to expand at a solid pace over the first half of 2005 despite the restraint imposed on aggregate demand by a further rise…
Greenspan signals more rate rises ahead
Federal Reserve Chairman Alan Greenspan said on Wednesday 20 July that the U.S. growth outlook was solid and the Fed should keep raising interest rates.
China's central bank sees controlled forex reform
The People's Bank of China has said in a statement that reform of the yuan exchange rate will be a controlled and gradual process to be carried out by China alone.
Minneapolis Fed's Stern on payments system issues
In the speech 'Payments system issues and challenges' given on 15 June, Gary Stern of the Federal Reserve Bank of Minneapolis said there is no doubt that payments system change continues apace.
Greenspan says economy coping well despite oil
Federal Reserve Chairman Alan Greenspan has said that high oil prices could hamper -- but not derail -- economic growth in the United States this year.
Minneapolis Fed's Stern on 'Too big to fail'
In the speech 'Too big to fail' given on 2 June, Gary Stern of the Federal Reserve Bank of Minneapolis said too big to fail (TBTF) is an important public policy issue and one which has received insufficient attention to date.
Fed's Yellen says higher rates make sense
It makes sense for the Federal Reserve to keep lifting U.S. interest rates as long as certain assumptions are met, San Francisco Fed President Janet Yellen said in an article in International Economy magazine.
Atlanta Fed appoints assistant vice president
Brian Bowling has been appointed assistant vice president in the supervision and regulation division at the Federal Reserve Bank of Atlanta, Jack Guynn, president and chief executive officer of the Atlanta Fed announced on 5 July.
W.House may want business experience for Fed chair
An article published this week says the White House may want to look towards the business community for a successor to Federal Reserve Chairman Alan Greenspan. None of the three potential heirs usually named as possibles to fill Greenspan's shoes meets…
Fed's Santomero on a consumer-driven expansion
In the speech 'The implications of a consumer-driven expansion' given on 13 July, Anthony Santomero of the Federal Reserve Bank of Philadelphia said the Federal Reserve is likely to continue tightening monetary policy at a measured pace, but it depends…
Phil Fed president recognized as global citizen
The Global Interdependence Center (GIC) has presented Dr. Anthony M. Santomero, president of the Federal Reserve Bank of Philadelphia, with its 2005 Global Citizen Award for his contributions to the global economy in the areas of public policy, business,…
Bernanke sees 'healthy and sustainable' US growth
In his first speech as chairman of the Council of Economic Advisers on Tuesday 12 July, Ben Bernanke presented an upbeat outlook for the US economy.
Federal Reserve Bulletin, Spring 2005
The Federal Reserve's Bulletin for Spring 2005 includes the article 'Background on FOMC meeting minutes' outlines previous changes to the release schedule for the minutes and provides a brief overview of the content of the minutes and the way they are…
Fed's Hoenig says US rate moves to depend on data
Kansas City Fed President Thomas Hoenig said on Friday 8 July that the U.S. Federal Reserve's policy is currently accommodative and how fast official rates move to neutral will depend on incoming economic data.
Fed's Lacker says too early to foresee Fed pause
Richmond Federal Reserve President Jeffrey Lacker said on Monday 11 July it was too soon to say when the U.S. central bank would end its year-long campaign of interest-rate rises and indicated more increases were likely.
Philadelphia Fed Business Review, 2nd Quarter 2005
The Federal Reserve Bank of Philadelphia has published its regular Business Review for the Second Quarter 2005. In this quarter's message, President Anthony Santomero shares his views on the U.S. economy and outlines some of the "Lessons learned from the…
White House considering Kroszner for Fed job
The White House is considering former Bush administration official Randall Kroszner for a vacant seat on the Federal Reserve's Board, reports said this week.
US's Snow spoke to Greenspan following bomb blasts
U.S. Treasury Secretary John Snow spoke with Federal Reserve chief Alan Greenspan and other top U.S. officials about how global and U.S. financial markets were reacting to Thursday's bomb blasts in London, a spokesman said according to Reuters.
The Federal Reserve System: Purposes and Functions
The book "The Federal Reserve System: Purposes and functions" was published on Tuesday 5 July. The book includes chapters titled, 'Overview of the Federal Reserve System,' 'Monetary Policy and the Economy,' 'The Implementation of Monetary Policy,' 'The…
Poole: After Greenspan Whither Fed Policy?
In the speech 'After Greenspan: Whither Fed Policy?' given on 6 July, William Poole, President of the Federal Reserve Bank of St. Louis, said Alan Greenspan's eventual successor faces a stiff credibility test from markets but could ease the transition by…
St Louis Fed's Regional Economist, July 2005
The Regional Economist, July 2005 edition, from the St Louis Fed includes the article "Do we have a saving crisis?" Theoretically, the decline in saving jeopardizes the US economy because savings are lent to businesses for investment. In reality, the US…