United States
IMF News Brief
NEWS BRIEF - IMF Managing Director Kohler Congratulates Brazil's President-Elect, 28 October.
IMF Press Briefing
PRESS BRIEFING - Press Briefing by Thomas Dawson, Director, External Relations Department, International Monetary Fund, Washington, D.C., 24 October 2002.
Michel Camdessus responds to Joseph Stiglitz
COMMENTARY - A Commentary by Michel Camdessus, Honorary Governor of the Bank of France, 24 October.
The Fed's Mark Olson on Urban Revitalization
SPEECH - In the speech 'Urban Revitalization: Shared Responsibilities' made on 22 October, Mark Olson of the Federal Reserve Board said that the history of community development policy and finance has been characterized as difficult, but it provides…
Alan Greenspan on productivity
SPEECH - In the speech 'Productivity' made on 23 October, Alan Greenspan of the Federal Reserve said given the difficult adjustments that the US economy has been undergoing, long-term productivity optimism may currently seem a bit out of place. But, he…
Federal Reserve Board - Beige Book, October 2002
REPORT - The Federal Reserve Beige Book released 23 October showed that the US economy is struggling to get out of the sluggishness which has now infected retail sales. The report shows the housing market to be the one bright spot in an otherwise weak…
US economy still stuck in doldrums
US - The US economy is struggling to break out of the doldrums, with widespread sluggishness infecting retail sales, according to a regular survey of business conditions by the Federal Reserve.
Federal Reserve Board Press Release, 22 October
PRESS RELEASE - The Federal Reserve Board, along with the Federal Reserve Banks of Chicago, Minneapolis, Kansas City, and San Francisco, will sponsor a conference this fall to explore ways to encourage banking opportunities in tribal communities.
Moskow with a perspective on the current economy
SPEECH - In the speech 'A Perspective on the Current Economy' made on 17 October, Michael Moskow of the Federal Reserve Bank of Chicago said that although the near term poses some uncertainties, the long-term prospects for the US economy are remain good…
Modest growth in slow recovery - Fed's Poole
US - St. Louis Federal Reserve Bank President William Poole said on Wednesday the U.S. economy is growing modestly as it recovers slowly from recession.
McDonough on financial resilience
SPEECH - In the speech 'Promoting Financial Resilience' made on 17 October, William J. McDonough of the Federal Reserve Bank of New York said a general agreement exists that in order for countries to enjoy sustained and stable growth, a sound and stable…
Federal Reserve Board Discussion Paper
RESEARCH - 'Monetary Union, Price Level Convergence, and Inflation: How Close is Europe to the United States?' by John H. Rogers, published 21 October. In the article the author examines the decline in European price level dispersion and whether this…
Ferguson - the third Fed Branch building, Houston
SPEECH - In a speech at the groundbreaking ceremony for the new Houston Branch building made on 16 October, Roger Ferguson of the Federal Reserve said as Houston has grown both in size and in economic importance, so have the operations of the local…
Gramlich on methodology of benefit-cost analysis
SPEECH - In the speech 'The Methodology of Benefit-Cost Analysis' made on 16 October, Edward Gramlich of the Federal Reserve said scandals and outrages in the newspapers could easily lead one to be cynical about public policymaking and skeptical that the…
Fed chief hits at intervention on sovereign debt
US - William McDonough, president of the New York Federal Reserve, yesterday broke ranks with other policymakers in the leading industrialised countries, expressing strong reservations about their drive to intervene between bankrupt governments and…
Fed's McTeer says U.S. recovery so far jobless
US - Dallas Federal Reserve President Robert McTeer said on Thursday the U.S. economic recovery had so far been jobless, but the unemployment rate here still has stayed well below Europe's.
US Treasury Secretary Paul O'Neill - Time to go?
ARTICLE - Just what a fragile global economy doesn't need is a loose cannon as a US Treasury Secretary. Yet after a succession of gaffes that have sunk markets and offended presidents, Paul O'Neill remains unrepentant. Now is the time for him to resign…
Ferguson on financial stability, central bank role
SPEECH - In the speech 'Should Financial Stability Be an Explicit Central Bank Objective?' made on 17 September and published on 16 October, Roger Ferguson of the Federal Reserve said that financial stability is and always will be of vital interest to…
Fed member warns on inside analysis
US - Evaluations of public policy should be handled independently of the agency responsible for the policy, a member of the Federal Reserve Board said Wednesday at Western Michigan University.
Ben Bernanke on asset price bubbles
SPEECH - In the speech 'Asset-Price "Bubbles" and Monetary Policy' made on 15 October Ben Bernanke of the Federal Reserve said the Fed lacked the knowledge, foresight or precision tools to pre-empt a stock market bubble, "and even if it could identify…
Fed's Stern sees steady growth for near term
US - Gary Stern, president of the Federal Reserve Bank of Minneapolis, sees the economy growing at a relatively firm rate in coming months before growth accelerates in the second half of 2003.
US interest rate level not a problem - Fed's Guynn
US - Atlanta Federal Reserve Bank President Jack Guynn said on Tuesday U.S. interest rate levels were not hindering business or consumer spending, suggesting he sees little need for lower rates.
Fed 'lacks knowledge and tools' to burst bubbles
US - The Federal Reserve lacks the knowledge, foresight or precision tools it would need to pre-empt a stock market bubble, a senior Fed official said yesterday, and any attempt to do so would risk "severe collateral damage to the economy".
Philadelphia Fed Business Review, 3rd Quarter 2002
REPORT - The Federal Reserve Bank of Philadelphia has published its regular Business Review for the Third Quarter 2002. How does a decentralized central bank work? The events of September 11 put the Federal Reserve System, the central bank of the United…