United States
Fed's Gramlich on federal /state lending standards
Federal Reserve Governor Edward Gramlich said on Wednesday 27 April that creating federal standards to combat predatory lending will not necessarily lead to a safer system for consumers.
Fed's Roseman on developments in payment systems
In testimony on 'Recent developments in the payments system' given on 20 April, Louise Roseman of the Federal Reserve said the payments system in the United States is continuing to change and become increasingly efficient. However, the shift away from…
Fed's Ferguson on central banking in the US
In a speech on 'The evolution of central banking in the United States' given on 27 April, Roger Ferguson of the Federal Reserve said that central banking practice adapts over time as markets evolve and this had been the Fed's experience and would likely…
Fed's Ferguson on the US current account deficit
In the speech 'U.S. current account deficit: Causes and consequences' given on 20 April, Roger Ferguson of the Federal Reserve said that America's current account deficit does not mean the world economy is doomed because its root is likely the…
Fed's Kohn on imbalances in the US economy
In a speech on 'Imbalances in the US economy' given on 22 April, Donald Kohn of the Federal Reserve said the central bank would likely keep pushing US interest rates up at a "measured pace" to keep inflation under control.
Chicago Fed National Activity Index, Mar 2005
The Chicago Fed National Activity Index for March 2005 was +0.11, down from +0.22 in February. Three of the four broad categories of indicators that comprise the index made positive contributions last month, according to the CFNAI.
Fed's Fisher says tariffs hurt inflation fight
Imposing tariffs on imports to the United States would hurt consumers and hamper attempts to control inflation, the president of the Federal Reserve Bank of Dallas said in a column in The Wall Street Journal on Monday 25 April.
After Greenspan: Ben Bernanke?
Despite strong support from the likes of Alan Blinder, Ben Bernanke is still seen as a dark-horse candidate for chairman of the Federal Reserve, according to this article. While Bernanke's move to the CEA has prompted talk that he is "one step closer" to…
Clarida tipped as new Fed governor
According to several reports this week, the White House is considering former US Treasury official Richard Clarida for the Federal Reserve seat that would be free if Fed Governor Ben Bernanke is confirmed to the CEA.
Fed's Gramlich on growing retirement costs
In the speech 'A first step in dealing with growing retirement costs' given on 21 April, Edward Gramlich of the Federal Reserve said the United States should remove a cap on wages subject to the Social Security payroll tax and raise the retirement age to…
NY Fed's Geithner at the Bond Market Association
In a speech given on 20 April, Timothy Geithner of the Federal Reserve Bank of New York said the regulatory treatment of risk in the United States does not capture the risks of new financial products very well and firms need to do more to fix this.
Cleveland's Pianalto says hikes on way to neutral
Speaking on Thursday 21 April, Sandra Pianalto, President of the Cleveland Fed said the Federal Reserve will continue its measured pace of interest rate hikes to bring rates back to neutral and preserve price stability, its most important task.
Richmond Fed's Lacker on consumer finance
In a speech given on 7 April Jeffrey Lacker of the Federal Reserve Bank of Richmond said one of the primary functions of financial markets is to allocate risk. In consumer finance, borrowing and saving are important tools in households' efforts to…
NY Fed's Geithner on financial integration
In a speechon 'Financial integration and its implications for international cooperation' given on 19 April, Timothy Geithner of the Federal Reserve Bank of New York said financial integration offers great benefits but requires stronger national…
Federal Reserve Board - Beige Book, April 2005
The Federal Reserve published its April 2005 Beige Book survey on Wednesday 20 April. The report said US business activity continued to expand through early April, but price pressures from rising energy costs have intensified in some areas.
Fed's Greenspan on budget process reforms
In testimony on 'Budget process reforms' given on 21 April, Alan Greenspan of the Federal Reserve said huge budget deficits pose a danger to the nation's long-term economic health.
Ferguson says Fed right to watch prices
Speaking on Wednesday 20 April, Federal Reserve Vice Chairman Roger Ferguson said the US central bank was correct to keep its eye on inflation pressures, but noted some volatile components contributed to a surprisingly big rise in core consumer prices in…
Phil Fed's Santomero on the recent business cycle
In a speech on 'A policymaker's reflections on the recent business cycle' given on 12 April, Anthony Santomero of the Federal Reserve Bank of Philadelphia said the United States is on track for solid growth with relatively stable prices, but high oil…
Fed's Yellen positive on inflation outlook
Janet Yellen, the president of the San Francisco Federal Reserve bank, said she is upbeat about the outlook for inflation and watching closely to see whether the economy hit a soft-spot in March.
Fed system works well for US banks says Geithner
As a regulator, "what keeps me awake at night is trying to understand what we don't know," said Federal Reserve Bank of New York President Timothy Geithner Tuesday.
Pianalto: Fed should extend inflation forecasts
The Federal Reserve would gain credibility by being more clear, and extending its inflation forecasting time horizon would help, the president of the Federal Reserve Bank of Cleveland said in a speech on Tuesday 19 April.
Poole warns not to expect predictable rate rises
A top Federal Reserve policy-maker said on Tuesday 19 April that US inflation prospects are good but markets should not expect a re-run of last year's predictable pattern of interest rate rises.
Atlanta Fed's Guynn on corporate governance
In a speech on 'Ethical challenges in a market economy' given on 11 April, Jack Guynn of the Federal Reserve Bank of Atlanta said the 2002 Sarbanes-Oxley Act has helped restore trust in US corporations at a "very substantial" financial cost to some…
Fed's Bies on the economy and personal finances
In a speech on 'The economy and managing personal finances' given on 18 April, Susan Bies of the Federal Reserve said the US central bank must step up its vigilance against inflation but indicated that she believed "measured" interest-rate rises could…