United States
Fed says Greenspan in 'fine' health
The Federal Reserve has dismissed the rumour which swept financial markets on Wednesday 31 March that Fed Chairman Alan Greenspan had suffered a heart attack.
Kohn on research at the Federal Reserve
In a speech on 'Research at the Federal Reserve Board: The Contributions of Henderson, Porter, and Tinsley' given on 26 March, Donald Kohn of the Federal Reserve said the Fed's armada of economic researchers play an important role in helping policymakers…
Parry on community development and leaving the Fed
In opening remarks given on 29 March at the Community Reinvestment Conference in Hollywood, California, Robert Parry of the San Francisco Fed discussed why community development is a priority for the Federal Reserve System. Parry also talks about what…
Edwards to replace Carson as IMF statistics head
Anne Krueger, acting managing director of the International Monetary Fund (IMF) since Horst Kohler resigned, is to appoint Rob Edwards, an Australian, to replace Carol Carson as the IMF's head of statistics.
Federal Reserve to close Columbia branch
The Federal Reserve Bank of Richmond's regional office in Columbia will close in August, it was announced earlier this month.
FSF: global economy vulnerable to rate rises
Following a meeting in Rome, chaired by Fed vice chairman, Roger Ferguson, the Financial Stability Forum (FSF) issued a generally upbeat assessment of the global economy but highlighted worries about excessive levels of debt and capital flows to emerging…
Fed's Bernanke on monetary policy modeling
In a speech on 'Monetary Policy Modeling: Where Are We and Where Should We Be Going?' given on 27 March, Ben Bernanke of the Federal Reserve said researchers should aim to provide more realistic models of the economy, improve economic forecasting and…
Philadelphia Fed's Santomero on 21st C banking
In a speech on 'Banking in the 21st Century' given on 27 March, Anthony Santomero of the Federal Reserve Bank of Philadelphia said a new law this year will make it more efficient for banks to process the growing number of electronic payments, even as old…
Fed's Kohn on monetary policy
In a speech on 'Monetary Policy in a Time of Macroeconomic Transition' given on 25 March, Donald Kohn of the Federal Reserve said the Fed should make sure inflation has stabilised and labour market slack is easing before raising interest rates from their…
Greenspan cancels speech with cold
Federal Reserve Chairman Alan Greenspan was due to make scheduled introductory remarks at a Fed conference in Washington on Friday (26 March) because of a cold, a spokesman said on Friday.
Guynn on US growth and monetary policy
In a speech on 'Sustainable Growth and Monetary Policy' given on 24 March, Jack Guynn of the Federal Reserve Bank of Atlanta said low US interest rates must rise as the economy gathers steam, and while that point has not yet been reached, businesses and…
Chicago Fed's Moskow on the US economic outlook
In a speech on the 'U.S. Economic Outlook' given on 22 March, Michael Moskow of the Federal Reserve Bank of Chicago said that the Fed can't maintain its rate stance "indefinitely," predicting that as the economy gains strength the Fed's interest rate…
Boston Fed's Minehan on labour markets
In a speech on 'Labour Markets: What We Know and What We Don't' given on 24 March, Cathy Minehan of the Federal Reserve Bank of Boston said the Federal Reserve should not be so patient about keeping the benchmark interest rate low that it allows…
Snow says US making progress on China peg
US Treasury Secretary John Snow told Congress on Thursday 25 March that the Bush administration thinks it's making progress in efforts to get China to stop pegging its currency to the U.S. dollar.
Chicago Fed chief: low inflation to keep rates low
Chicago Fed president Michael Moskow saidon Monday 22 March that concerns that inflation will soon accelerate are "premature" and he was optimistic about the economic outlook.
Broaddus says Fed patience is right
Federal Reserve Bank of Richmond president Alfred Broaddus said in an interview that clear evidence of tighter labour markets and higher core inflation will be needed before the Fed can raise interest rates.
OECD says ECB and Fed will raise rates in 04
The Fed and the European Central Bank are likely to start nudging interest rates higher this year, but in historical terms rates will remain low, an OECD report says.
Minutes show Fed wanted increased flexibility
The FOMC was unanimous at their January meeting that they should ditch a pledge to keep interest rates low for "a considerable period" in favour of wording that would increase their flexibility, minutes showed Thursday.
Philadelphia Fed Business Outlook Survey, Mar 2004
According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, March 2004 activity in the region's manufacturing sector continues to improve.
Greenspan on Banking
In a speech on 'Banking' given on 17 March, Alan Greenspan of the Federal Reserve said US banks are strong and profitable, with "favourable" asset quality, and able to provide financing for a growing economy.
Federal Reserve maintains its patience
The Federal Open Market Committee decided on Tuesday 16 March to keep its target for the federal funds rate at 1 per cent, repeating that it can be "patient in removing its policy accommodation".
Fed policy: steady as she goes
Federal Reserve chairman Alan Greenspan and his colleagues were predicted to keep interest rates stable on Tuesday 16 March as data showed further jobless recovery.
Ex-NY Fed chief McDonough sees no rate hike soon
William McDonough, who until last year held the second most powerful position at the Federal Reserve said in a TV interview Friday it's going to be quite a while before the Federal Reserve raises interest rates.
Woman tries to spend fake $1 million note
A US woman was charged with forgery this week after trying to spend a $1 million bank note in a Georgia supermarket. Staff refused to accept the note or hand over her $998,328.45 in change (if they had it!) and called the manager.