United States
Olson on Federal Reserve in an electronic world
In the speech 'The Federal Reserve in an electronic world' given on 19 May, Mark Olson of the Federal Reserve said the role of the private sector is growing in all segments of the payments system, from providing payments services, to setting industry…
New York Fed's Rutledge on Basel II
In the speech 'Basel II: Risk management and financial stability' given on 17 May, William Rutledge of the Federal Reserve Bank of New York said the implementation of Basel II should help supervisors and market participants better detect increases in…
Atlanta's Guynn on growth and low inflation
In a e speech on 'Continuing the pattern of growth and low inflation' given on 25 May, Jack Guynn of the Federal Reserve Bank of Atlanta said the Federal Reserve is not yet done raising interest rates, but the central bank will watch economic data…
Fed's Gramlich on politics of inflation targeting
In the speech 'The politics of inflation targeting' given on 26 May Edward Gramlich of the Federal Reserve said there was little political support in the United States for adopting a formal inflation target and such a step would yield only modest…
Fed governor says measured rises could continue
Federal Reserve Governor Edward Gramlich said on Thursday 26 May it was a possibility that the Federal Reserve could continue to raise US interest rates at a measured pace.
Fed's Olson on Basel II
In the speech 'Basel II' given on 16 May Mark Olson of the Federal Reserve said U.S. regulators would delay further or seek to change Basel II international bank soundness rules because of an uneven response by banks to a dry run of the rules.
Greenspan could stay on longer at Fed
The US administration of George W. Bush is considering whether to encourage Federal Reserve Chairman Alan Greenspan to stay for at least a few months beyond the 31 Jan expiration of his term, the Washington Post reported this week.
Fed's Gramlich resigns to pursue teaching
Edward Gramlich submitted his resignation Wednesday 18 May as a member of the Board of Governors of the Federal Reserve System, effective 31 August. Gramlich is resigning to pursue several teaching and research interests.
Fed's Kohn on modeling inflation
In a speech on 'Modeling inflation: A policymaker's perspective' given on 20 May, Donald Kohn of the Federal Reserve called for improvements in inflation modeling, saying an increase in core US inflation in 2004 and 2005 caught him and many other…
Dallas Fed's Fisher on the world economy
In the speech 'A walk around the world economy' given on 10 May, Richard Fisher of the Federal Reserve Bank of Dallas urged free trade between the US and "able competitors" and criticised efforts at protectionism.
Kohn says Fed likely to keep upping rates
The Federal Reserve is likely to keep raising interest rates at a gradual pace, according to a senior Fed official.
Greenspan on leaving the Fed
In a speech given on 15 May Alan Greenspan of the Federal Reserve expressed his intention of leaving office when his current term ends in January next year.
Snow repeats call for action on China peg
U.S. Treasury Secretary John Snow on Friday 13 May renewed pressure on China to let its currency trade freely, saying the United States has made clear it wants Beijing to move to a flexible exchange rate soon.
Fed's Ferguson on globalization
In a speech on 'Globalization: Evidence and policy implications' given on 12 May, Roger Ferguson of the Federal Reserve said central banks will not be coordinating monetary policy any time soon nor is it desirable.
Fed's Bies on the Basel II Accord and H.R. 1226
In testimony 'The Basel II Accord and H.R. 1226' given on 11 May Susan Bies of the Federal Reserve said a key US banking regulator is aiming to issue rules implementing an international banking agreement about how much capital banks hold by this fall.
Atlanta Fed's Guynn on the US economy
In the speech 'Make a difference' given on 7 May, Jack Guynn of the Federal Reserve Bank of Atlanta said the U.S. economy is robust and enjoys an upbeat outlook.
Chicago's Moskow on bank structure and competition
In a speech given on 6 May, Michael Moskow of the Federal Reserve Bank of Chicago said lawmakers and regulators need to be sensitive to potential problems at the U.S. pensions guarantee fund.
Fed's Hoenig: statement error a 'doggone mistake'
Kansas City Fed President Thomas Hoenig said on Tuesday 10 May that the omission of a reassurance about the long-term inflation outlook in last week's Federal Reserve policy statement was just a mistake.
Fed's blunder should make Asia green with envy
This article published on Thursday 5 May says no policy maker in Asia can claim to match the Fed's mastery over "open mouth operations". Where many of the Asian central banks go wrong is in thinking they'll get more respect from the market by being…
Chicago Fed's Moskow on bank competition
In a speech given on 5 May Michael Moskow of the Federal Reserve Bank of Chicago said borrowers have benefited from an erosion of banks' traditional information advantages and wider competition in financial services.
Dallas Fed announces change in research function
The President of the Federal Reserve Bank of Dallas, Richard W. Fisher, on Friday 6 May announced a change in the organisation and focus of the bank's Research Department in order to better analyse the effects of globalization on monetary policy.
Fed's Olson: new financial products create risks
A senior Federal Reserve official told the Chicago Fed's bank structure conference on Thursday 5 May that US consumers can more easily tap the value of their homes for cash, which has helped them "smooth their consumption" and helped the economy bounce…
US on track to halve budget deficit says Snow
US Treasury Secretary John Snow on Thursday 6 May said that continued American economic growth and strong tax receipts had kept the U.S. government in view of its stated aim of cutting the budget deficit by 50%.
Fed Reserve Bank of St Louis Review, May/June 2005
The latest edition of the St Louis Fed's Review for May-June 2005 includes the articles "Monetary policy and commodity futures" and "Using implied volatility to measure uncertainty about interest rates".