United States
Bernanke on euro at five: Ready for a global role?
In a speech on 'Euro at Five: Ready for a Global Role?' given on 26 February, Ben Bernanke of the Federal Reserve said that the euro so far has "posed less of a challenge" to the international dominance of the U.S. dollar than analysts expected when the…
Fed's Bies on the economic outlook
In a speech on 'The Economic Outlook and the State of Household and Business Finances' given on 26 February, Susan Schmidt Bies of the Federal Reserve said that the Fed can afford to wait a while before it must "inevitably" consider raising short-term…
NY Fed central bank survey on foreign exchange
The Statistics Function will host a half day training seminar on the Central Bank Survey on Foreign Exchange and Derivatives Market Activity reports on 10 March. The survey is conducted every three years by the New York Fed.
Bill McDonough to get FPA gong
William McDonough, chairman of the Public Company Accounting Oversight Board, and former president of the New York Fed will be awarded the Foreign Policy Association Medal next week.
Economists hail euro a stunning success
Economists at a Washington conference on Thursday 26 February, marking the fifth anniversary of the launch of the euro single currency, praised the new currency as a stunning success.
St Louis Fed's Poole on best guesses and surprises
In a speech on 'Best Guesses and Surprises' given on 25 February, William Poole of the Federal Reserve Bank of St. Louis said the low capital levels and large portfolios of government-sponsored mortgage enterprises Freddie Mac and Fannie Mae were a…
Cleveland's Pianalto - US job growth on the up
Federal Reserve Bank of Cleveland President Sandra Pianalto said on Wednesday 25 February that strong US productivity and job outsourcing has helped explain weak US employment creation, but that conditions were on the mend.
America's dangerous deficit
We distribute this article from the International Herald Tribune, with permission, as it is among the first that we have seen in the mainstream media publicly speculating about the possibility of the US effectively restricting access of central banks to…
Fed's Gramlich on budget and trade deficits
In a speech on 'Budget and Trade Deficits: Linked, Both Worrisome in the Long Run, but not Twins' given on 25 February, Edward Gramlich of the Federal Reserve warned that large persistent U.S. budget and trade deficits could lead to "significant economic…
Qualitative aspects of effective risk management
In the a speech on 'Qualitative Aspects of Effective Risk Management' given on 25 February, Susan Schmidt Bies of the Federal Reserve said the recent accounting scandal at Italian business giant Parmalat shows corporate governance issues are global in…
Greenspan: growth vigorous, spending cuts needed
In a speech on 'Economic outlook and current fiscal issues' given on 25 February, Alan Greenspan of the Federal Reserve said the US economy has turned the corner from recession and is on the verge of "sustainable" growth. To ensure that, Congress must…
Phil Fed's Survey of Professional Forecasters
The Federal Reserve Bank of Philadelphia published its First Quarter 2004 Survey of Professional Forecasters on 23 January. Prospects for economic growth look stronger now than they did just three months ago, according to the 32 forecasters surveyed.
ECB's Issing tries to deflate Greenspan's bubble
While Federal Reserve Chairman Alan Greenspan is taking his victory lap, other central bankers and private-sector economists are questioning what they see as a case of premature hubris.
Greenspan on Fannie and Freddie
Greenspan today (February 24) called for Congress to appoint a regulator and impose debt ceilings on Fannie Mae and Freddie Mac. Without such action, the rapid growth of these huge agencies was "likely" to cause systemic difficulties.
Greenspan on education and the economy
In a speech on 'The critical role of education in the nation's economy' given on 20 February, Alan Greenspan of the Federal Reserve said warned against resorting to "protectionist cures" to deal with job losses.
Fed's Bernanke on the great moderation
In a speech on 'The Great Moderation' given on 20 February, Ben Bernanke of the Federal Reserve said said the Fed has been successful over years in fostering price stability and he is optimistic for the future because monetary policy-makers will not…
US consumers in good shape, says Greenspan
Fed Chairman Alan Greenspan said on Monday 23 February that the US household sector seemed to be in good shape. Homeowners have done well, with their total debt burden kept under control.
McTeer says Fed wording moves focus from calendar
Dallas Federal Reserve President Robert McTeer said on Saturday 21 February that the shift in the wording of the FOMC's statement represented a an effort to force financial markets to focus on economic conditions rather than on time.
Mel Gibson's father: 'Greenspan should be lynched'
Well-known Hollywood Actor Mel Gibson is about to release a new movie, but in a bizarre interview his father has made some outrageous comments, including a mention for Alan Greenspan.
Cleveland Fed's Pianalto reveals basketball link
Visiting a school recently, Cleveland Fed President Sandra Pianalto was mobbed for autographs by the schoolchildren who crowded round her.
Bies on Financial Markets and Corporate Governance
In a speech on 'Financial Markets and Corporate Governance' given on 19 February, Susan Schmidt Bies of the Federal Reserve said the world of accounting needs to catch up with the growing sophistication of the world of finance. She urged accounting…
Philadelphia Fed Business Outlook Survey, Feb 2004
According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, February 2004 activity in the region's manufacturing sector continues to expand although indicators for general activity, new orders, and shipments fell from their…
Dallas's McTeer on inflation targets
Dallas Fed president Bob McTeer said on Thursday 19 February that inflation targets were a marketing tool not needed by the Fed, and opposed lobbying to float China's currency.
Poole on the state of the U.S. economy
In a speech on 'State of the U.S. Economy' given on 20 February, William Poole of the Federal Reserve Bank of St. Louis said he saw the U.S. economy growing 4 to 5 percent this year and this growth should generate "significant increases" in employment.