United States
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".
Fed's Greenspan on the economic outlook
In testimony on 'The economic outlook' Alan Greenspan of the Federal Reserve said the economic information received in recent weeks has not, in his judgment, materially altered the outlook. Nonetheless, the economy continues to be buffeted by strong…
Economic analysts dismiss threat of US 'deflation'
At its twice yearly meeting in Washington the Shadow Open Market Committee said deflation fears are unfounded and misguided, according to VOA News.
Greenspan: Economic signals still mixed
In testimony on Wednesday 21 May Alan Greenspan said the Federal Reserve is ready and able to tackle deflation if necessary in the unlikely event of falling prices, the washington Post reports. The Federal Reserve would not be "out of business" policy…
Fed Chairman to emphasise financial education
Alan Greenspan will stress the benefits of economic and financial education in a public service announcement and during a visit to a Washington, D.C., school. He will also be featured in a public service announcement to be aired by major television and…
Fed's Ferguson on inflation expectations
In a speech on 'Expectations' Roger Ferguson of the Federal Reserve said the most important potential contribution of monetary policymakers is to anchor inflation expectations so that private-sector decisions can be made as efficiently as possible.
New York Fed may get interim president
The Federal Reserve Bank of New York may install an interim president if a permanent replacement cannot be found immediately, according to the Financial Times. Pete Peterson, chairman of the Bank said "This is an important job in the system and we're…
G7 names Fed's Ferguson to head G7 stability forum
The G7 announced on Saturday 17 May that it had named Federal Reserve Vice Chairman Roger Ferguson as the new head of the Financial Stability Forum, according to Reuters
Exit economists from NY Fed contest
An article in the Financial Times calls it troubling that the two front runners have pulled out of contention for the job of New York Fed president. This reluctance fits something of a disturbing trend, the article asserts, with all the members of George…