United States
Moskow says deflation unlikely but Fed stands by
The threat of inflation is low for the US economy, Reuters reports that Chicago Fed chief Michael Moskow said on Thursday April 24, but the Fed stands ready to react should it occur.
Federal Reserve Board - Beige Book, April 2003
The Federal Reserve Beige Book released on 23 April reported that the US economy remained becalmed during the war with Iraq, as geopolitical uncertainty and bad weather conspired to keep consumers at home.
Greenspan' reply to Bush re Fed appointment
Statement by Federal Reserve Chairman Alan Greenspan in response to the President's comments on his term in office, 23 April.
Boston Fed's Cathy Minehan on the economic outlook
In a speech to the Boston Economic Outlook Conference Cathy Minehan of the Federal Reserve Bank of Boston said while she expects that the national economy will regain momentum in the second half of the year and that investment, particularly in the…
Greenspan may try for a fifth term as Fed chief
Alan Greenspan, chairman of the US Federal Reserve, said on Wednesday 23 April that he would accept another term as Fed chairman if nominated by the White House, according to Bloomberg News. "The president and I have not discussed this but I greatly…
Moskow on US economy and corporate governance
In a speech on 'Breaking Down the Breakdown of Corporate Governance: Incentives, Information, and a Rational Course for Policy' Michael Moskow of the Federal Reserve Bank of Chicago said the long-term prospects for our economy are bright. The U.S…
Fed's Parry: Fed has room to cut rates if needed
San Francisco Fed president Robert Parry, a voting member of the FOMC, has said the Federal Reserve still has room to lower interest rates "if things weren't coming together in the economy", according to Dow Jones.
Greenspan's surgery successful, says US Fed
Federal Reserve chairman Alan Greenspan has undergone surgery. The Fed said on Tuesday April 22 that the operation was successful and he should be back in his office later this week, according to a Reuters report.
Bush in favour of another term for Greenspan
US president Bush has said he backs Alan Greenspan for reappointment as chairman of the Federal Reserve. Bush is quoted by the Financial Times as telling reporters "I think Alan Greenspan should get another term".
Philadelphia Fed Business Outlook Survey, Apr 2003
The region's manufacturers report weaker activity for the second consecutive month in April's Business Outlook Survey from the Philadelphia Fed. Indexes of general activity, new orders, and shipments all declined this month. Firms surveyed also reported…
Ferguson on Check Clearing for the 21st Century
In testimony 'Check Clearing for the Twenty-first Century Act' Roger Ferguson of the Federal Reserve said although an increasing number of payments are being made electronically, it is clear that checks will continue to play an important role in the…
New York Fed's McDonough will attend May 6 FOMC
William McDonough will attend the Federal Reserve's May 6 meeting of the FOMC before taking up his position at the SEC, the Fed said on Wednesday 16 April, Reuters reports.
Report questions virtues of inflation targeting
A study published by the National Bureau of Economic Research suggests that adopting an inflation target has no effect on a country's economic performance, according to a report by Dow Jones.
St Louis Fed's Poole on shocks and more shocks
In aspeech on 'Shocks and More Shocks' William Poole of the Federal Reserve Bank of St. Louis said despite multiple shocks in recent years, the U.S. economy will probably continue to grow. "I cannot guarantee that the modest economic growth rate of last…
The Regional Economist, April 2003
The Quarterly Review of Business and Economic Conditions, The Regional Economist, April 2003 edition from the St Louis Fed includes an article 'Is Confidence High?' Economic forecasters rely on monthly consumer confidence surveys to help them determine…
Fed's McDonough to head new SEC accountancy board
US regulator the Securities and Exchange Commission has voted unanimously to appoint Federal Reserve Bank of New York president William McDonough as chairman of the accounting oversight board, according to a report by Associated Press.
Citigroup's Fischer mum on New York Fed post
After speculation that former IMF official and Citigroup Vice Chairman Stanley Fischer may be set to take over at the New York Fed, Monday brought silence from Fischer, Reuters reported.
Stanley Fischer favourite to head NY Fed?
Sources close to the Fed say former IMF official Stanley Fischer could be favourite to replace William McDonough at the Federal Reserve Bank of New York, according to a Reuters report.
Fed's Poole: Central bank can be patient
St Louis Fed chief William Poole was reported by Reuters to hacve said hat even though the Federal Reserve is under some pressure to make further cuts in interest rates, markets will automatically compensate by discounting longer term rates taking some…
Greenspan on the Reagan legacy
In a speech on 'The Reagan Legacy' Alan Greenspan of the Federal Reserve said Ronald Reagan saw inflation as a danger, and as President, afforded my predecessor Paul Volcker the political support that is so essential to a central bank when its pursuit of…
US plan to e-process checks has critics
A Federal Reserve proposal to allow banks to process checks electronically and substitute a new type of check for traditional paper checks has been endorsed by the banking industry, says Associated Press. But consumer groups say it would increase the…
Ferguson on patent policy in a broader context
In a speech on 'Patent Policy in a Broader Context' Roger Ferguson of the Federal Reserve said the U.S. patent process needs to protect intellectual property without stifling innovation, a balancing act that challenges those involved with patent policy.
Fed plans emergency economic rescue
With new fears of recession the Federal Reserve may be formulating an emergency economic rescue plan, accordintg to a report by Associated Press. The plan could involve three elements including lending massive amounts of money directly to commercial…
Strengthening of the US financial system
A Regulators Issue Interagency Paper on Sound Practices to Strengthen the Resilience of the U.S. Financial System was published on 8 April. The paper identified sound practices to strengthen the resilience of critical U.S. financial markets.