United States
Santomero - FOMC should consider inflation target
Philadelphia Fed president Anthony Santomero said on Tuesday 10 June that with inflation at its current levels "Inflation targeting makes sense in principle for the U.S.", according to a Bloomberg report.
Fed Reserve Bank of Boston - Annual Report 2002
The Federal Reserve Bank of Boston has published its Annual Report for the year ended 2002. In the report President Cathy Minehan said information learned in 2002 through new Federal Reserve research that the use of checks is declining faster than had…
Stewart to be acting CEO of NY Fed
The Federal Reserve Bank of New York said on Thursday 5 June that Jamie B. Stewart will act as chief executive officer of the bank as of June 11, while the search for the new president continues. He will also serve as a voting member of the Federal Open…
Greenspan found learning a 'troublesome activity'
Alan Greenspan has been providing encouragement to school children, but when they asked whether rates are going up or down he replied smilingly, "Yes", according to a report from This is London.
New York Fed has problems replacing McDonough
The New York Fed has turned to a headhunter for help to find a successor to its outgoing governor Bill McDonough, the Financial Times reports. Jamie Stewart, the bank's first vice-president, will perform his functions in the interim.
International Research Forum on Monetary Policy
The Fed and ECB have announced the dates for their second international monetary research conference to be held in Washington, November 14-15 2003.
Parry on the prospects for the US economy
In a speechon 'Prospects for the National and Local Economies: A Monetary Policymaker's View' Robert Parry of the Federal Reserve Bank of San Francisco said if it seemed appropriate, we still would have room to give a boost to the economy - even though…
Fed's Greenspan sees signs of recovery
Speaking to the gathering of top central bankers in Berlin on Tuesday 3 June, Fed chairman Alan Greenspan said indications were that a "fairly marked turnaround" was on the way, according to a report by Assoiated Press.
SF Fed's Parry on prospects for the US economy
In a speech on 'Prospects for the National and Local Economies: A Monetary Policymaker's View' Robert Parry of the Federal Reserve Bank of San Francisco said we have seen continuing job losses, little strength in business investment, and most of the…
Fed governor sees no deflation threat in US
Federal Reserve governor Ben Bernanke said on Saturday May 31 that the prospects for the US economy were good and expected growth in the second half of this year of between 3.0 and 3.5 percent, rising to four percent in 2004, according to Channel News…
Bush tells G8 would prefer stronger dollar
At the G8 summit on Monday 2 June, George Bush said he was committed to maintaining a strong dollar but that ultimately he wasn't the one who decides it. That job fell to Alan Greenspan, Reuters reported Mr Bush as saying.
Poole on US labour market and economic growth
In a speech on 'The Labor Market and Economic Growth' William Poole of the Federal Reserve Bank of St. Louis said the US has the potential to grow substantially over the next several years, and that a major part of that growth will come from growth of…
Chicago Fed National Activity Index, April 2003
CFNAI Shows Economy Weak in April - The Chicago Fed National Activity Index declined in April, with the monthly index coming in at -0.85. Weak employment- and production-related data were the main factors behind April's negative reading. Although the…
U.S. Implementation of Basel II Accord
Documents Relating to U.S. Implementation of Basel II, May 2003. Documents providing information about U.S. implementation of the proposed Basel Accord revisions (Basel II).
Parry on prospects for the economy
In a speech on 'Prospects for the National and Local Economies: A Monetary Policymaker's View' Robert Parry of the Federal Reserve Bank of San Francisco said a bright spot in the national economy is consumer spending and the most likely outcome, in his…
Economic Insights from the Dallas Fed
The latest edition of the Dallas Fed's Economic Insights, Vol 8, No 2, 2003 'The Creation of Public Choice Theory', profiles economist James M. Buchanan and examines his public choice theory.
Chicago Fed 2003 Payments Conference
The Federal Reserve Bank of Chicago's third Payments Conference, Can Existing Payment Networks Meet Future Needs, will be hosted at the Chicago Reserve Bank on May 29-30, 2003.
Fed's Parry: Economy still in soft patch
President Robert Parry of the San Francisco Federal Reserve said on Wednesday May 28 that the Fed still has room to lower rates in spite of forecasts of stronger growth.
Olson on the prospects for economic growth
In a speech on 'Assessing Prospects for Economic Growth in the United States' Mark Olson of the Federal Reserve said the recent news from oil and financial markets and about consumer confidence clearly suggests that the reduction in risks associated with…
A fine line between deflation and inflation
An article in the Financial Times says that if the Federal Reserve continues with its current policies, inflation could become a threat, but a change could see further contraction it contends. On asset price bubbles the author says the world economy…
New governor Bernanke is shaking up the Fed
In a few short months, Ben Bernanke has done what other Fed governors have not: taken center stage from Chairman Alan Greenspan on some of the most controversial topics before the board. An article published by Steve Liesman for CNBC says Bernanke sheds…
Survey of Professional Forecasters
The Federal Reserve Bank of Philadelphia has published its Survey of Professional Forecasters for the Second Quarter 2003. The U.S.economy will likely expand at a slower pace in 2003 than predicted just three months ago, according to the survey.
Dallas Fed official says deflation risk has risen
The top monetary policy advisor to the Dallas Fed president has said he and Robert McTeer agreed that the probability of deflation was "about one in four, or 25 percent", according to a report by Reuters.
Olson says deflation possibility very low
Federal Reserve Governor Mark Olson said on Thursday 22 May thatthe Fed will continue to monitor the deflation situation very carefully "because we've seen the way deflation has hampered Japan's recovery".