United States
Bush considers Kohn for Fed board US official says
US - U.S. President George W. Bush is seriously considering Donald Kohn, a top staffer at the U.S. Federal Reserve, for a seat on the U.S. central bank's board, a senior Bush administration official said on Thursday.
McDonough says Fed has time before rate hike
US - Federal Reserve Bank of New York President William McDonough said on Thursday the Fed is unsure about how strong the U.S. economy may be in the latter half of this year and can be patient before raising interest rates.
Testimony of Fed Chairman Alan Greenspan, 17 Apr
TESTIMONY - In testimony to the US Congress titled 'Monetary policy and the economic outlook' Greenspan said the strength of the current U.S. economic recovery was not yet clear and praised the economy's resilience in the face of some difficulties, "but…
Greenspan dampens rate hike fears
US - The US Federal Reserve is expected to leave interest rates unchanged until an economic recovery in the US has gained a strong foothold, analysts said after having listened to a key speech by the Fed chairman Alan Greenspan.
FX traders to kiss goodbye to settlement risk
FEATURE - Currency traders, more aware of the potential for disruption in the financial system after September 11, should draw comfort from a long-awaited settlement system linked to central banks that is due to go live this year.
Speech by Jamie Stewart, New York Fed Bank, 9 Apr
SPEECH - In the speech titled 'Challenges to the payments system following September 11' Stewart focused his remarks on the shocks to the payments system stemming from the events of September 11 and the steps that are being taken to ensure even better…
Speech by William Poole, St Louis Fed Bank, 11 Apr
SPEECH - In the speech titled 'Inflation, Recession and Fed Policy' Poole said low inflation is essential to make necessary monetary policy changes and to support economic growth.
Remarks on the IMF Mission in Argentina
PRESS BRIEFING - Introductory Remarks on the Role of the IMF Mission in Argentina, Anoop Singh, Director for Special Operations, IMF, Press Briefing, Buenos Aires, 10 April, 2002.
House votes to end banking ban
US - The Senate House has voted to end a 70-year-old ban on banks paying interest on business checking accounts.
IMF World Economic Outlook
REPORT - World Economic and Financial Surveys, Recessions and Recoveries, April 2002.
Greenspan's heir apparent stays cryptic
FEATURE - Judging by his refusal to provide a direct answer to a straightforward question, John Taylor is on track to become the next chairman of the US Federal Reserve writes Stephen Romei in The Australian on Monday.
Fed's Broaddus - Fed committed to price stability
US - US Federal Reserve policymakers aren't "resting on our laurels" with regard to their primary goal of price stability, said Alfred Broaddus, president of the Federal Reserve Bank of Richmond.
Speech by J Alfred Broaddus, Richmond Fed, 4 Apr
SPEECH - Richmond Federal Reserve President Alfred Broaddus said in a speech titled 'Comments on the Changing Economic Outlook' on Thursday the U.S. economic outlook is "considerably" better than six months ago, but that final demand is crucial for…
Speech by Fed Reserve Governor Ed Gramlich, 8 Apr
SPEECH - 'Lenders and community developers have made great strides in revitalizing economically disadvantaged communities and improving the financial well-being of lower-income households,' Gramlich said in a speech titled 'CRA at Twenty-Five'.
Chicago Fed National Activity Index
REPORT - The Chicago Fed National Activity Index (CFNAI) rose to +0.04 in February, moving out of negative territory for the first time since June 2000. The three-month moving average index, CFNAI-MA3, also improved in February, increasing to -0.28, its…
Speech by William Poole, St Louis Fed Bank, 4 Apr
SPEECH - In the speech titled 'Dynamics of the Recession and the Recovery' Poole said that last year's tax cuts and interest rate reductions have provided an underpinning for a solid U.S. economic recovery that could see "upside surprises" ahead.
The recession that almost was
FEATURE - It is easy to dismiss the recent global downturn as a false alarm but policymakers should learn from it, says Kenneth Rogoff in Friday's Financial Times.
Fed's Poole confident of substantial US recovery
US - William Poole, President of the Federal Reserve Bank of St. Louis., said that his confidence level that there will be a substantial U.S. economic recovery is "very high," barring "the possibility of some external shocks."
Applied Financial Economics research paper
RESEARCH - 'The impact of federal reserve intervention on exchange rate volatility: evidence from the futures markets' by Sanjay Ramchander and R. Raymond Sant.
Speech by M Moskow, President, Chicago Fed, 3 Apr
SPEECH - In his speech 'The Impact of Open Markets and Expanded Trade on Economic Development' the Chicago Fed chief noted that economists have recently become more bullish on the prospects for U.S. economic growth and said, "On balance, we believe the…
US Judge dismisses claims against BIS, Fed Reserve
US - A federal judge in Boston has dismissed claims of price manipulation a consultant to the Gold Antitrust Action Committee made against the Bank of International Settlements, several leading investment houses and officials of the U.S. Treasury and…
Speech by H Kohler, Managing Director, IMF, 21 Mar
SPEECH - In the speech titled 'The Monterrey Consensus and Beyond: Moving from Vision to Action' Kohler hailed the proposed document Monterrey Consensus saying that he was encouraged by the unprecedented degree of agreement about what is required to…
Speech by Anne Krueger of the IMF, 20 Mar
SPEECH - In the speech titled 'Growth and Reform in Russia' Krueger said Russia should aim for economic growth of between 4%-6% a year for the next 10-15 years.
Fed's Hoenig - US economy likely to grow strongly
US - The U.S. economy is likely to grow strongly, Kansas City Federal Reserve Bank governor Thomas Hoenig said Tuesday.