United States
Oil will not cause recession says Dallas Fed
Stephen Brown, the senior economist for the Federal Reserve Bank of Dallas said Tuesday that high oil prices are unlikely to push the U.S. economy into a recession.
SF Fed's Yellen on the national economy
In a speech on 'Perspectives on the national economy and monetary policy' given on 21 October, Janet Yellen of the San Francisco Fed said the Federal Reserve may need to speed up or slow down its rate-tightening campaign, depending on economic activity…
Fed's Bernanke on oil and the economy
In a speech on 'Oil and the economy' given on 21 October, Ben Bernanke of the Federal Reserve said soaring oil prices now represent a "significant shock" to the US economy but the longer-term impact should be manageable.
Philadelphia Fed Business Outlook Survey, Oct 2004
According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, October 2004, activity in the region's manufacturing sector continued to improve. In this months survey the participants were asked about their plans and expectations for…
Fed's Bies on the Federal Reserve and the economy
In a speech on 'The Federal Reserve System and the economy' given on 23 October, Susan Schmidt Bies of the Federal Reserve said the Fed will keep an eye on how much surging oil costs affect consumer prices but said she expects underlying inflation to…
Fed's Bies on financial institution supervision
In a speech on 'Enterprise perspectives in financial institution supervision' given on 21 October, Susan Schmidt Bies of the Federal Reserve said mortgage market giants Fannie Mae and Freddie Mac were taking on interest-rate risk as a way to grow…
Fed's Poole on social security and demographics
In a speech on 'Social security reform and demographic reality' given on 19 October, William Poole of the Federal Reserve Bank of St. Louis told Delta State University demographic change in the United States and elsewhere in the world presents enormous…
Chicago Fed National Activity Index, Sep 2004
The Chicago Fed National Activity Index was -0.01 in September, off slightly from a downward-revised +0.03 in August. The small decline in the monthly index was primarily due to a slightly larger negative contribution from the employment-related…
Greenspan on US mortgage market and consumer debt
In a speech on 'The mortgage market and consumer debt' given on 19 October, Alan Greenspan of the Federal Reserve said conceded there were concerns about "the exceptional run-up in home prices" but said Americans were handling their debts well.
Fed's Olson sees no housing 'bubble' in US
Federal Reserve Governor Mark Olson said on Tuesday 19 October thatthe United States does not have a house price "bubble" because the national market is too large.
Fed's Olson says US economy still improving
Federal Reserve Governor Mark Olson said on Monday 18 October that although the US economy was improving it had not maintained the pace it had been expected to. Olson also said rising oil prices have put a damper on the economy's performance, but he did…
St Louis Fed's Poole on good policy practice
In a speech on 'Safeguarding good policy practice' given on 8 October, William Poole of the Federal Reserve Bank of St. Louis said central bank leadership requires at times a willingness to push hard enough to get the job done, and recognition of how…
Fed's Ferguson on good policy practice
In a speech on 'Safeguarding good policy practice through maintaining flexibility' given on 8 October, Roger Ferguson of the Federal Reserve said he is opposed to the idea of adopting an explicit inflation target as it could limit the ability of the Fed…
Fed debates policy for post-Greenspan era
This article reports that battle lines are drawn at the Federal Reserve between those who favour formal inflation goals and those who don't, with the debate heating up ahead of Alan Greenspan's retirement. It cites Roger Ferguson and Ben Bernanke at the…
Fed's Santomero on changes in US payments
In a speech on 'The Changing Pattern of Payments in the United States' given on 16 October, Anthony Santomero of the Federal Reserve Bank of Philadelphia discusses the current status of the U.S. payments infrastructure, how the roots and evolution of the…
US rates 'still simulative' says Fed's Santomero
Philadelphia Federal Reserve President Anthony Santomero said on Saturday 16 October that US interest rates remain simulative but as the expansion continues they should return to "more normal levels".
McTeer set to leave Dallas Fed
Dallas Federal Reserve President Robert McTeer, the U.S. central bank's resident poet and "lonesome dove" on inflation, is likely to leave if he wins the chancellor's position for the Texas A&M University System.
Fed's Kohn on low-probability, high-impact events
In a speech 'How should policymakers deal with low-probability, high-impact events?' given at the ECB's Conference on Monetary Policy and Imperfect Knowledge on 15 October, Donald Kohn of the Federal Reserve said central banks with credibility for…
Fed's Geithner on global payments challenges
In a speech on 'Challenges facing the global payments system' given on 14 October, Timothy Geithner of the Federal Reserve Bank of New York told the SIBOS 2004 Atlanta Conference more needs to be done by financial institutions to reduce the threat of…
Fed's Bernanke says floating exchange rates best
In a speech to the Cato Institute 22nd Annual Monetary Conference on Thursday 14 October Ben Bernanke said that the best course is generally to let exchange rates float freely and to make low and stable inflation a principal focus of monetary policy,…
St Louis Fed's Poole on FOMC transparency
In a speech on 'FOMC transparency' given on 6 October, William Poole of the Federal Reserve Bank of St. Louis said that statements from the Fed were not "iron clad" and it is important the market not interpret this statement as a commitment.
St Louis Fed's Regional Economist, October 2004
The Quarterly Review of Business and Economic Conditions, The Regional Economist, October 2004 edition from the St Louis Fed includes the article "U.S. Stays Out of the Way of Entrepreneurs" which says for those starting a business in this country,…
Fed's Poole on population and social security
In a speech on 'World population trends and challenges' given on 4 October, William Poole of the Federal Reserve Bank of St. Louis said raising the age at which Americans can collect full Social Security benefits may be the best way to protect the long…
Fed's Bernanke to address Cato conference
Federal Reserve board member Ben Bernanke and Kristin J. Forbes, member of the US president's Council of Economic Advisers, are part of a long list of distinguished guests scheduled to participate in the Cato Institute's forthcoming 22nd annual monetary…