United States
Philadelphia Fed Business Review, 2nd Quarter 2004
The Federal Reserve Bank of Philadelphia has published its regular Business Review for the Second Quarter 2004. In this issue, President Santomero talks about the role of beliefs in economics and monetary policy. Other articles cover the benefits of…
Fed's Greenspan on globalization and innovation
In a speech on 'Globalization and innovation' given on 6 May, Fed Chairman Alan Greenspan said continued globalization and innovation are helping reduce the dangers of a disruptive correction of the U.S. international trade imbalance.
Moskow on personal financial management
In the speech 'The Importance of Personal Financial Management' given on 27 April Michael Moskow of the Federal Reserve Bank of Chicago said new technologies and regulatory changes have allowed banks and other financial institutions to create many new,…
Fed's Bies on innovation in financial markets
In the speech 'Innovation in financial markets and banking relationships' given on 27 April Susan Bies of the Federal Reserve said the credit swap market must prevent inside information on lending customers leaking to trading desks. A credit swap…
Hoenig on macro aspects of financial supervision
In the speech 'Exploring the Macro-Prudential Aspects of Financial Sector Supervision' given on 27 April Thomas Hoenig of the Kansas Fed said he agreed with those who stress the need to take a systemwide or macro prudential view of financial market…
Fed holds rates, drops patient pledge
The Federal Open Market Committee decided Tuesday to keep its target for the federal funds rate at 1 percent. In its statement it dropped the "can be patient" phrase used previously, saying interest rates can rise "at a pace that is likely to be measured…
Fed study says US deflation risk was overstated
A new study from the Federal Reserve Bank of Atlanta says risks of U.S. deflation may have been overstated, blaming the scare last year on rent and used car prices rather than widespread disinflation.
Fed set to hold rates, but signal change in stance
Federal Reserve policy-makers were due to meet on Tuesday 4 May to plot the beginning of the end for the lowest U.S. official interest rates in 46 years. Some analysts believe there's a chance that the Fed might drop the word ''patient'' in its statement…
Colin Powell linked to World Bank top job
A report in the New York Times this week said the buzz in the capital was that Colin Powell could be the next president of the World Bank.
Bies on current issues in corporate governance
In a speech on 'Current issues in corporate governance' given on 26 April, Susan Bies of the Federal Reserve said it was important for banks to ensure their processes for determining loan-loss reserves were solid.
SF Fed's Parry on globalization
In a speech on 'Globalization: Threat or Opportunity for the U.S. Economy?' given on 29 April, Robert Parry of the San Francisco Fed said the US economy benefits from companies' decisions to move jobs overseas because it creates new employment…
Fed's Ferguson on global imbalances
In a speech on 'Global Imbalances' given on 23 Apri,l Roger Ferguson of the Federal Reserve said the probability of a disorderly decline in the value of the U.S. dollar is low and the American economy in general appears to be on track to remain in a …
Chicago Fed's Moskow on manufacturing prospects
In welcoming remarks to the Conference on Manufacturing Prospects given on 27 April Michael Moskow of the Chicago Fed said that it is too soon to know whether a slowing in Midwest manufacturing activity over the past few years can be linked to broader…
Request for comment on payments system risk policy
The Federal Reserve Board on 21 April requested comment on proposed revisions to Part II of its Policy Statement on Payments System Risk (PSR Policy), which addresses risk management in payments and securities settlement systems.
Fed's Greenspan on energy
In a speech on 'Energy' given on 27 April, Alan Greenspan of the Federal Reserve said the likelihood of persistently high energy prices would help check US energy use and lead businesses to rethink energy-related investment decisions.
Chicago Fed's Moskow on five years of the euro
In opening remarks to the "Five Years of the Euro: Successes and New Challenges" Conference given on 26 April Michael Moskow of the Federal Reserve Bank of Chicago said the five-year-old shared euro currency continues to pose challenges for its member…
Chicago Fed National Activity Index, March 2004
The Chicago Fed National Activity Index (CFNAI) March 2004 was published on 22 April. The CFNAI decreased somewhat from February to March, but remained above zero for the seventh month in a row.
Cleveland Fed's Pianalto on monetary policy
In a speech on 'A perspective on monetary policy' given on 22 April, Sandra Pianalto of the Federal Reserve Bank of Cleveland said central banks can be more effective when they act as systematically and transparently as they can. Systematic and…
US unveils $50 note with enhanced security
US government officials from the Department of the Treasury, the Federal Reserve and the United States Secret Service, on Monday 26 April unveiled the new $50 note design with enhanced security features, and subtle background colours of blue and red, and…
Chicago Fed's Moskow on the US economic outlook
In a speech on 'US economic outlook' given on 23 April, Michael Moskow of the Chicago Fed said the outlook for growth in 2004 is encouraging. A year ago, we were worried about unwelcome disinflation; that concern has now subsided.
Fed's Bies on the economic outlook
In a speech on 'The Economic Outlook and Financial Health of Bank Customers' given on 22 April, Susan Bies of the Federal Reserve said recent indicators suggest that the pace of economic activity remains solid, while inflationary pressures continue to be…
Fed's Olson on the redesigned 2004 US $50 note
In a speech on 'Preview of the Redesigned Series 2004 U.S. $50 Note' given on 26 April, Mark Olson of the Federal Reserve said this $50 note is beautifully designed and includes important anti-counterfeiting features.
Interview with former Fed governor Larry Meyer
In an interview with BusinessWeek published this week former Federal Reserve governor Laurence Meyer said he still isn't convinced the inflation evidence is strong enough for the Fed to rush through a rate hike, but he does believe that it could well…
Bernanke on US economic outlook & monetary policy
In a speech on 'The economic outlook and monetary policy' given on 22 April, Ben Bernanke of the Federal Reserve said there are no signs of overheating in the U.S. economy, so inflationary pressures are likely to remain subdued. He said he was "sanguine"…