United States
Phil Fed's Santomero on post-Greenspan era
In an interview published this week, Anthony Santomero of the Philadelphia Fed told Handelsblatt he does not fear any trouble in the financial markets when Alan Greenspan leaves office at the beginning of 2006. "It is understandable that the markets ask …
Richmond Fed names new Director of Research
John A. Weinberg was named director of research and senior vice president of the Federal Reserve Bank of Richmond on Thursday 10 March.
Fed's Bernanke on the global saving glut
In a speech on 'The global saving glut and the U.S. current account deficit' given on 10 March, Ben Bernanke of the Federal Reserve said a global savings glut has pushed up the U.S. current account gap and pushed down long-term interest rates.
Fed's Greenspan on globalization
In a speech on 'Globalization' given on 10 March, Alan Greenspan of the Federal Reserve said that future budget deficits pose a bigger risk to the economy than record trade imbalances and the country's extremely low savings rate.
NY Fed's Economic Policy Review prize article
The Editorial Board of the New York Fed's Economic Policy Review has announced the first winner of the Frederic S. Mishkin Prize for Outstanding Paper: "Treasury inflation-indexed debt: A review of the U.S. experience," by Brian Sack and Robert Elsasser.
Fed's Greenspan on bank regulation
In a speech on 'Bank regulation' given on 11 March, Alan Greenspan of the Federal Reserve acknowledged that a new global pact on banking may hurt some business lines at small U.S. banks, but said regulators may look at tweaking capital rules to ease this.
Federal Reserve Board - Beige Book, March 2005
The Federal Reserve published its March 2005 Beige Book survey on Wednesday 9 March. The report said steady consumer spending and continued factory output boosted the US economy in February.
Federal Reserve Bulletin, Winter 2005
The Federal Reserve's Bulletin for Winter 2005 includes the article 'Indexes of the foreign exchange value of the dollar' which discusses several practical aspects of the design and implementation of the Federal Reserve Board's exchange rate indexes -…
US's Snow puzzled by criticism of Greenspan
US Treasury Secretary John Snow said on Monday 7 March that he was puzzled by harsh words used to describe Federal Reserve Chairman Alan Greenspan over his support for the Bush administration's proposals to overhaul Social Security.
Chicago Fed's Moskow on small businesses
In a speech on 'Access to capital for women- and minority-owned businesses' given on 4 March, Michael Moskow of the Federal Reserve Bank of Chicago said small businesses play a critical role in the U.S. economy and the Federal Reserve has an interest in…
Fed's Olson on loan quality and the economy
In a speech on 'Loan quality and how it reflects the overall economy' given on 28 February, Mark Olson of the Federal Reserve said economic growth is steady while inflation remains under control.
IMF's Rato on correcting global imbalances
In a speech on 'Correcting global imbalances - Avoiding the blame game' given on 23 February, Rodrigo de Rato of the IMF said a current account deficit the size of the US's 'cannot be sustained indefinitely'.
St Louis Fed's Poole on pension systems
In a speech on 'Demographic challenges to state pension systems around the world' given on 24 February, William Poole of the Federal Reserve Bank of St. Louis said the United States must make "hard choices" if it is to fix its Social Security retirement…
Fed's Gramlich on raising national saving
In a speech on 'The importance of raising national saving' given on 2 March, Edward Gramlich of the Federal Reserve said the United States would seem well-advised to minimize risks by raising its own national saving to finance its own investment.
Fed study shows dollar fall could boost growth
A study by the Federal Reserve says a substantial fall in the value of the US dollar is likely to boost economic growth rather than cause an economic crisis.
Ex-Fed's Wyss says Asia should diversify reserves
Asian central banks need to diversify their foreign reserves but in doing so, they should allow the local currencies to appreciate against the dollar, a former US presidential economic adviser and Federal Reserve governor said on Thursday 3 March.
Phil Fed's Santomero: lessons from business cycle
In a speech on 'Lessons learned from the recent business cycle' given on 1 March, Anthony Santomero of the Federal Reserve Bank of Philadelphia said the US economy is on track for moderate sustainable growth with relatively stable prices, but declining…
Chicago Fed's Moskow on the US labor market
In a speech on 'Job Loss: Causes, consequences, and policy responses' given on 1 March, Michael Moskow of the Federal Reserve Bank of Chicago said at the moment, wage pressures within the US labor market are behaving as expected.
Greenspan promotes consumption tax idea
Federal Reserve Chairman Alan Greenspan said in testimony on Thursday 3 March that some form of a consumption tax - such as a national sales tax - could spur greater economic growth but stressed a move to such a system would pose considerable problems.
Greenspan stresses need for spending cuts
Federal Reserve chairman Alan Greenspan said on Wednesday 2 March that the US economy is growing at a reasonably good pace but the country must tackle its "unsustainable" budget deficits, primarily through spending cuts.
Richmond Fed's Lacker on inflation targeting
In a speech on 'Inflation targeting and the conduct of monetary policy' given on 1 March, Jeffrey Lacker of the Federal Reserve Bank of Richmond said the Federal Reserve should adopt a target for US inflation, in part to keep concerns about price…
Fed Reserve Bank of St Louis Review, Mar/Apr 2005
The latest edition of the St Louis Fed's Review for March-April 2005 includes the article "Communication, transparency, accountability: Monetary policy in the twenty-first century" by Otmar Issing. The issue also includes a paper by Ellen Meade titled …
Fed's Moskow sees job market policy challenge
Chicago Fed president Michael Moskow said on Tuesday 1 March that the US economy still has excess labour and production capacity and that oil price rises have yet to spill into underlying inflation.
Chicago Fed National Activity Index, Jan 2005
The Chicago Fed National Activity Index for January 2005 was +0.21, down from +0.59 in December. However, all four broad categories of indicators that comprise the index made positive contributions to the January CFNAI.