United States
NY Fed's Geithner on risk management challenges
In a speech on 'Key challenges in risk management' given on 13 January, Timothy Geithner of the Federal Reserve Bank of New York said a set of pressing macroeconomic problems has increased the probability of shocks to global financial prices.
Philadelphia Fed Business Review, 4th Quarter 2004
The Federal Reserve Bank of Philadelphia has published its regular Business Review for the Fourth Quarter 2004. In "Monetary Policy and Inflation Targeting in the United States," President Anthony Santomero returns to the topic of inflation targeting,…
St Louis Fed's Poole on GSE risks
In a speech on 'GSE risks' given on 13 January, William Poole of the Federal Reserve Bank of St. Louis said Fannie Mae and Freddie Mac should be required to hold more capital to cushion against shocks, even ones that seem unlikely.
Boston Fed's Minehan warns of slow recovery
Cathy Minehan, president of the Federal Reserve Bank of Boston, said on Friday 14 January that businesses continue to hoard cash, making the current economic recovery among the weakest of the past half-century if measured by job growth.
Fed's Ferguson on recessions and recoveries
In a speech on 'Recessions and recoveries associated with asset-price movements: What do we know?' given on 12 January, Roger Ferguson of the Federal Reserve said detecting asset-price overvaluations and undervaluations is controversial in hindsight and…
Minehan on the US economy: 2005 and beyond
In a speech on 'The US economy: 2005 and beyond' given on 12 January, Cathy Minehan of the Federal Reserve Bank of Boston said increased regulatory red tape is harming business spending, the IPO market and jobs growth.
Snow says US trade deficit reflects strong growth
Speaking on Wednesday 12 January, US Treasury Secretary John Snow said that the country's record trade deficit set in November was a result of US economic growth outpacing that of other countries.
Fed's Gramlich plays down talk of housing 'bubble'
Federal Reserve Governor Edward Gramlich said on Wednesday 12 January that high U.S. housing prices did not necessarily signal a "bubble" but might just reflect scarcity of available land for building.
St Louis Fed's Regional Economist, January 2005
The Quarterly Review of Business and Economic Conditions, The Regional Economist, January 2005 edition from the St Louis Fed includes the article "What is driving oil prices?" which looks at the recent rise in oil prices and asks how much has speculation…
The Fed's muddled minutes
Drawing the correct conclusions from the Federal Reserve's minutes is tricky, according to this article. The minutes are meant to portray the nuanced discussions that led to the FOMC's policymaking statement. In that sense, the minutes can be said to…
New York Fed's Economic Policy Review, Dec 2004
The Federal Reserve Bank of New York's December 2004 edition of its Economic Policy Review includes the article, Are home prices the next "bubble"? It assesses two measures frequently cited to support a bubble - the rising price-to-income ratio and the…
The Reform of October '79: How it happened and why
This study in the Federal Reserve's Finance and Economics Discussion Series offers a historical review of the monetary policy reform of October 6, 1979, and discusses the influences behind it and its significance.
Gramlich: US needs foreign help on fiscal deficit
Federal Reserve Governor Edward Gramlich said on Monday 10 January that stronger foreign demand is needed to help correct the huge fiscal imbalances in the United States without disrupting global growth.
Atlanta Fed's Guynn: Rebalancing the economy
In the speech 'Rebalancing the economy for long-term growth' given on 10 January, Jack Guynn of the Federal Reserve Bank of Atlanta said the Federal Reserve has never pledged to raise interest rates at only a measured pace and is closely watching…
Fed's Kohn on central bank communication
In a speech on 'Central bank communication' given on 9 January, Donald Kohn of the Federal Reserve said the Federal Reserve is moving toward giving the public a better understanding of the central bank's behaviour, but these steps are likely to take…
Fed's Ferguson on labor market statistics
In a speech on 'Interpreting labor market statistics in the context of monetary policy' given on 7 January, Roger Ferguson of the Federal Reserve said it is possible there is less slack in the U.S. job market than thought, and this could lead to a pickup…
Federal Reserve Bank transfers to US Treasury 2004
The Federal Reserve Board on Friday 7 January released figures that indicate the Federal Reserve Banks distributed approximately $18.086 billion of their $23.541 billion total income to the U.S. Treasury during 2004.
IMF chief calls on US to resolve deficit
The U.S. budget deficit is "truly excessive" and the world's largest economy must resolve the problems linked to the imbalance, the head of the International Monetary Fund said in remarks published on Sunday 9 January .
Philadelphia Fed names Assistant Vice President
The Federal Reserve Bank of Philadelphia has announced the promotion of Michael Doyle to assistant vice president in the Bank's Information Technology Services Department.
Philadelphia Fed names Executive Vice President
The Federal Reserve Bank of Philadelphia has also promoted Blake Prichard, its senior vice president in charge of retail payments, to the position of executive vice president.
Dallas Fed appoints new president
Richard W. Fisher will become President of the Federal Reserve Bank of Dallas effective from 4 April. Mr Fisher will succeed Robert McTeer, Jr., who resigned on 4 November to become chancellor of the Texas A&M University System.
Bernanke: Transition from academic to policymaker
In the speech 'The transition from academic to policymaker' given on 7 January, Ben Bernanke of the Federal Reserve reflects on his two and a half years as an academic turned policymaker. Since moving to Washington Bernanke said he noticed that people…
Kansas Fed's Hoenig says US rates accommodative
Kansas City Federal Reserve President Thomas Hoenig said on Thursday 6 January that US interest rates remain "fairly accommodative" and are likely to help stimulate economic growth of between 3.5 and 4 percent.
Fed's Kohn on crisis management
In a speech on 'Crisis management: The known, the unknown, and the unknowable' given on 6 January, Donald Kohn of the Federal Reserve said although some critics have argued that the FOMC's policy adjustments in response to financial instability encourage…