United States

Testimony of Fed Chairman Alan Greenspan, 27 Feb

TESTIMONY - In his testimony before Congress Greenspan said the U.S. economic rebound this year is likely to be slightly weaker than Wall Street expects because the recovery may be restrained by a lack of consumer demand, industrial overcapacity and…

Greenspan says US economic recovery may be weak

US - Federal Reserve Chairman Alan Greenspan said the U.S. economic rebound this year is likely to be slightly weaker than Wall Street expects because the recovery may be restrained by a lack of consumer demand, industrial overcapacity and skittish U.S…

Speech by Jack Guynn President Atlanta Fed, 25 Feb

SPEECH - Guynn said in the speech titled 'Thoughts on the Economy' that the coming economic recovery will be "a good deal more moderate" than after prior downturns, adding that he sees "considerable uncertainty" about the outlook for business investment…

Survey of Professional Forecasters

RESEARCH - The U.S. economy will rebound sooner rather than later, according to 35 forecasters surveyed by the Federal Reserve Bank of Philadelphia. The forecasters expect stronger growth over the next three quarters than they projected in the survey of…

Federal Reserve Bank of Philadelphia, News Release

NEWS RELEASE - The Federal Reserve Bank of Philadelphia today released its Business Outlook Survey for February. For the second month, responses from manufacturing firms indicate an increase in activity. However, employment is still reported to be in…

Minutes from 1996 Fed meetings bear out

US - In the months leading up to Federal Reserve Chairman Alan Greenspan's famous 1996 warning of investor "irrational exuberance," then-Fed governor Lawrence Lindsey was the central bank's most vociferous internal proponent of the view that the stock…

Fed wants banks' help with cash - handling

US - The Federal Reserve says its resources are increasingly taxed by banks' growing habit of placing currency on deposit with the central bank, and it plans to call on bankers to figure out a solution to the problem.

Speech by Fed Reserve Governor Ed Gramlich, 20 Feb

SPEECH - In the speech titled 'Consumption and the Wealth Effect: The United States and the United Kingdom' Gramlich said the run-up in household wealth in the late 1990s - in the form of rising stock and home prices - clearly affected consumer spending,…

Townhall Meeting with IMF and World Bank leaders

MEETING - IMF Managing Director Horst Kohler and World Bank President James Wolfensohn with Civil Society Representatives Participating in the International Conference on Poverty Reduction Strategies, moderated by Warren Nyamugasira, Uganda National NGO…

IMF News Brief

NEWS BRIEF - IMF's Kohler: Good Start to New Relationship with Argentina IMF Managing Director Horst Kohler said in Washington, D.C. today (13 February).

Fed ready to raise rates this year - Guynn

US - The Federal Reserve may start reversing its series of 11 interest rate cuts if a stronger-than-expected recovery this year rekindles inflation concerns, says Jack Guynn, president of the Federal Reserve Bank of Atlanta.

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