United States
Fed Res Bank of Philadelphia - Annual Report 2003
The Federal Reserve Bank of Philadelphia has published its Annual Report for the year ended 2003. In the report President Anthony Santomero said he expects the economy will grow at a "healthy pace" and job growth will accelerate through 2004.
Federal Reserve Board - Beige Book, April 2004
The Federal Reserve released its April 2004 Beige Book survey on 22 April. The U.S. economy showed "widespread" growth from mid-February through early April with only modest inflation, the survey said.
Greenspan on the state of the banking industry
In a speech on 'The state of the banking industry' given on 20 April, Alan Greenspan of the Federal Reserve said that the United States banking system is in good shape to deal with rising interest rates and inflationary pressures will be reasonably well…
Speed of US rate rise key - Padoa-Schioppa
The risks to the US economy from a rise in US interest rates will depend on the speed at which the Federal Reserve moves, European Central Bank executive board member Tommaso Padoa-Schioppa said on Tuesday 20 April.
Vigorous growth yet to produce inflation-Greenspan
Federal Reserve Chairman Alan Greenspan said on Wednesday 21 April in testimony titled "The economic outlook" that the U.S. economy is in a `vigorous expansion' that has not yet produced `broad-based' inflation pressures.
Fed's Bernanke on financial access for immigrants
In the speech 'Financial Access for Immigrants: The Case of Remittances' given on 16 April Ben Bernanke of the Federal Reserve said remittances of money abroad by immigrants in the United States are large, and pose an opportunity to bring an underserved…
Snow: Boosting global growth key G7 topic
Boosting global growth will be the central topic of the upcoming G-7 meeting of the finance ministers and central bank governors from the world's seven largest industrial countries, according to U.S. Treasury Secretary John Snow.
Bernanke: Policymakers can learn from asset prices
In a speech on 'What policymakers can learn from asset prices' given on 15 April, Ben Bernanke of the Federal Reserve said asset prices can offer valuable insights into expectations for inflation and interest rates, but care is needed in extracting any…
Moskow on financial access for immigrants
In opening remarks to the Financial Access for Immigrants Conference given on 15 April, Michael Moskow of the Federal Reserve Bank of Chicago said the issue of immigrant financial access has been growing in importance in recent years. To help us better…
Yellen appointed President of San Francisco Fed
Janet Yellen was appointed President & CEO of the Federal Reserve Bank of San Francisco this week. She will take up the position in June, succeeding Robert Parry. Yellen served as a Member of the Board of Governors of the Federal Reserve from 1994 to…
Fed appoints new consumer director
Sandra Braunstein became director of the Federal Reserve Board's division of consumer and community affairs on April 1. She replaced Dolores S. Smith, who retired after 28 years.
Interview with St Louis Fed's William Poole
In a recent interview with USA Today, president of the Federal Reserve Bank of St. Louis William Poole said he doesn't think there's any doubt that there is a lot more confidence than there was a year ago.
Fed's Greenspan on capitalizing reputation
In a speech on 'Capitalizing reputation' given on 16 April, Alan Greenspan of the Federal Reserve said companies need to work hard to restore trust in the nation's financial markets and predicted that trust can be restored, but he warned of serious…
Too early to judge inflation trend- SF Fed's Parry
Outgoing San Francisco Federal Reserve President Robert Parry said on Wednesday 14 April that the Fed will have to raise interest rates "at some point" to head off inflation, but rising prices are not a concern yet.
Greenspan to appear before Senate panel Apr 20
Federal Reserve Chairman Alan Greenspan is due to testify on the state of the U.S. banking industry before the Senate Banking Committee on April 20, a panel aide said on Wednesday 14 April.
US Treasury's Taylor on monetary policy modeling
In the speech 'Monetary Policy Modeling: Where Are We?' given on 12 April, John Taylor US Treasury Under Secretary said the success of quantitative modeling in the field of monetary policy is clear, and this is due in large part to the "translational…
SF Fed's Parry sees US rates 'maybe' at 3.5%
Federal Reserve Bank of San Francisco President Robert Parry said in an interview that U.S. interest rates cannot remain at their 1958 lows forever and will have to rise at some point, perhaps to 3.5 per cent.
Fed Reserve Bank of Chicago - Annual Report 2003
The Federal Reserve Bank of Chicago has published its Annual Report for the year ended 2003. The main article explores the issues that confront the payments industry as it adopts new payment standards and discusses the appropriate policy role for the…
Fed's McTeer unconcerned over US inflation
There are no concerns about inflation emerging even as the U.S. economy is growing "on all cylinders," said Robert McTeer, the president of the Federal Reserve Bank of Dallas.
Fed's Ferguson on macroeconomic outlook
In a speech on 'Macroeconomic Outlook and Uncertainties' given on 8 April, Roger Ferguson of the Federal Reserve said the macroeconomic outlook for the United States is favourable, overall. There is the possibility that an adverse shock will expose an…
Fed's Poole on trade, wages, employment
In a speech on 'Trade, wages and employment' given on 25 March, William Poole of the Federal Reserve Bank of St. Louis said only pessimists believe that U.S. entrepreneurs will be unable to compete successfully in world markets using new technology…
St Louis Fed's Poole on inflation
In a speech on 'Inflation Signals and Inflation Noise' given on 6 April, William Poole of the St. Louis Fed said the Fed must act aggressively when inflation risks change. He said his own view of inflation was that risks were tilted to the upside.
NY Fed's Rutledge on operational risk management
In a speech on 'Operational Risk Management - Current Issues and Supervisory Concerns' given on 22 March, William Rutledge of the Federal Reserve Bank of New York said he recognized the seriousness with which the industry is addressing the topic of…
St Louis Fed's Poole on entrepreneurship
In a speech on 'Allowing Entrepreneurship' given on 30 March, William Poole of the Federal Reserve Bank of St. Louis said policymakers in the European Union have been grappling with their perceived gap in entrepreneurial spirit. What they have come to…