United States
'The Region' from the Minneapolis Fed, June 2004
The Federal Reserve Bank of Minneapolis has published its regular magazine, The Region, for June 2004. The issue includes 'Prospects for economic expansion' in which Gary Stern speaks on the concepts of resilience, flexibility and productivity. In …
Broaddus US economy strong, inflation contained
Federal Reserve Bank of Richmond President Alfred Broaddus said on Tuesday 6 July that the U.S. economy looks strong, and inflation does not appear to be a problem but the Federal Reserve will "walk the walk" to ensure price stability.
Fed Reserve Bank of St Louis Review, Jul/Aug 2004
The latest edition of the St Louis Fed's Review for July-August 2004 contains proceedings of the Twenty-Eighth Annual Economic Policy Conference of the Federal Reserve Bank of St. Louis and includes articles "Is inflation targeting best-practice monetary…
Fed appoints new General Counsel
The Federal Reserve Board on Tuesday 29 June announced the appointment of Scott G. Alvarez as its General Counsel, effective July 1, 2004.
FOMC minutes, 4 May, show worries over inflation
Minutes from the Federal Reserve's 4 May FOMC meeting released on 1 July showed that nearly two months before the Fed raised short-term interest rates on Wednesday, some board members made it clear that they were more worried about inflation than Alan…
Snow says higher rates won't dampen US growth
US Treasury Secretary John Snow on Tuesday 29 June expressed optimism that rising market-based interest rates will not act as a drag on the US economic recovery. The Federal Reserve was expected to raise US interest rates at the conclusion of its FOMC…
St Louis Fed's Central Banker, Summer 2004
The Summer 2004 edition of the St. Louis Fed's Central Banker magazine has been published. The latest issue carries an article "The FACT Act Helps Bankers Mitigate Risks" which says approximately half of all identity-theft claims in the Eighth District…
Fed set to begin 'measured' rate-rise campaign
Federal Reserve officials are set to raise interest rates on Tuesday 29 June for the first time in four years -- the first step in what they have said will be a "measured" campaign to keep inflation under control as the US economy strengthens.
Fed's Gramlich on reducing budget deficits
In a speechon 'Reducing budget deficits' given on 24 June, Edward Gramlich of the Federal Reserve said the United States must reduce its budget deficits and enforce a tighter fiscal policy to ensure the long-run health of the economy.
Fed seeks nominations to Consumer Advisory Council
The Federal Reserve Board has announced that it is seeking nominations for appointments to its Consumer Advisory Council. Eleven new members will be appointed to serve three-year terms beginning in January 2005.
Fed's Kohn on regulatory reform proposals
In testimony 'Regulatory reform proposals' given on 22 June, Donald Kohn of the Federal Reserve said that the Federal Reserve Board strongly supports legislative proposals that would authorise the payment of interest on demand deposits and on balances…
Fed's Bies on trends in risk management
In the speech 'Trends in Risk Management and Corporate Governance' given on 22 June Susan Schmidt Bies of the Federal Reserve said America's banks and other financial institutions are making progress in tightening their rules and procedures but still…
St Louis Fed's Poole on free trade
In the speech 'Free Trade: Why are Economists and Noneconomists So Far Apart?' given on 15 June William Poole of the Federal Reserve Bank of St. Louis said the media must do more to explain the benefits of free trade to the public, since economists have…
Broaddus on the economy and monetary policy
In the speech 'Comments on the economy and monetary policy' given on 16 June Alfred Broaddus of the Federal Reserve Bank of Richmond said he was confident U.S. inflation would stay contained, but it was critical to preserve the Fed's credibility for…
Greenspan takes oath for fifth term
Alan Greenspan Saturday evening took the oath of office as Chairman of the Board of Governors of the Federal Reserve System for a fifth four-year term commencing on June 20, 2004.
Federal Reserve Board - Beige Book, June 2004
The Federal Reserve released its June 2004 Beige Book survey on 16 June. The report said that economy activity in April and May continued to expand across the United States.
Philadelphia Fed Business Outlook Survey, Jun 2004
According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, June 2004, expansion continued in the region's manufacturing sector with most indicators improved on their May readings.
Fed's Olson on the economic outlook
In the speech 'Economic Outlook' given on 15 June Mark Olson of the Federal Reserve said the Fed should be able to raise interest rates gradually, although economic events would ultimately dictate the pace. He also said that although US inflation has…
Olson says Fed must stay alert on inflation
The U.S. economy is growing at a rate at which policymakers must pay attention to the possibility of inflation, Federal Reserve Governor Mark Olson said on Monday.
Fed's Moskow urges vigilance on inflation
Chicago Fed President Michael Moskow said in an opinion piece in Tuesday's Wall Street Journal the Federal Reserve must continue to be vigilant in monitoring inflationary pressures.
Greenspan's testimony at nomination hearing
In his nomination hearing testimony to the US Senate on 15 June Alan Greenspan of the Federal Reserve said the Federal Reserve must stand ready to deal with a large number of possible threats to the economy, including another terrorist attack on U.S…
Minn.Fed's Stern oil hikes may not bring inflation
Gary Stern, the president of the Federal Reserve Bank of Minneapolis, said on Sunday that rising energy prices do not necessarily signal inflation, which he called "a monetary phenomenon."
Cleveland Fed's Pianalto on monetary policy II
In a speech on 'A perspective on monetary policy II' given on 11 June, Sandra Pianalto of the Federal Reserve Bank of Cleveland said the central bank's target rate of 1 percent "is too low to be sustainable."
Olson on banking insurance & securities activities
In a speech on 'Regulatory update: Banking industry, insurance, and securities activities' given on 10 June, Mark Olson of the Federal Reserve said the U.S. system of risk-focused bank supervision relies heavily on cooperation among multiple state and…