United States
St Louis Fed's Poole - Markets must understand Fed
US - St. Louis Federal Reserve President William Poole said on Wednesday that it was important financial markets understand the goals and plans of monetary policymakers.
Gay online bank shuts down
US - The first online bank aimed at the gay and lesbian community in the US is to close after admitting it could not make a profit in the current economic climate.
New US stock market rules unveiled
US - The US stock market regulator has proposed new rules for faster corporate disclosures, in the first reform taken in the wake of the Enron scandal.
Poll dares to ask: Who will succeed Greenspan?
FEATURE - A panel of prominent economists this week pondered a question that many Wall Street investors find unthinkable: Who will take the helm of the world's most powerful central bank when Alan Greenspan leaves?
Speech by Cathy Minehan, Boston Fed Bank President
SPEECH - In the speech given 11 February Minehan said that while there are good reasons to be optimistic a recovery is at hand or in progress, she cautioned that U.S. consumers, who have remained resilient throughout - will not be able to lift the US…
Sovereign Debt Restructuring - Thomas C. Dawson
LETTER - A Letter By Thomas C. Dawson, Director, External Relations Department, International Monetary Fund, 7 February.
Federal Reserve Board FOMC Minutes
PRESS RELEASE - The Federal Reserve Board on Friday released the minutes of its discount rate meetings from 19 November, 2001 to 11 December, 2001.
Federal Reserve Bank of Atlanta - Press Release
PRESS RELEASE - Atlanta Fed names Juan C Sanchez Assistant Vice President, 31 January.
When can we forcast inflation?
RESEARCH - Article by Jonas D. M. Fisher, Chin Te Liu and Ruilin Zhou. Chicago Fed researchers show that inflation forecasting models, like the Phillips curve, may still provide sound predictions of inflation. They argue that time periods in which it is…
Treasury's Taylor favoured as Greenspan heir
US - US Treasury Undersecretary John Taylor is the top pick to replace Alan Greenspan as chairman of the Federal Reserve among an influential group of economists.
Speech by Federal Reserve Governor Mark Olson
SPEECH - "The Fed does not attempt to predict market changes, but I hope the process put in place by the Congress will allow financial institutions to adjust to market changes within certain notable bounds," Fed Governor Mark Olson said in a speech on…
Speech by Federal Reserve Governor Mark Olson
SPEECH - There are no widespread problems with banks' use of so-called special purpose vehicles - accounting moves aimed at taking risks off their balance sheets that have come under scrutiny recently, Federal Reserve governor Olson said on Thursday in a…
Greenspan's maths skills honed on baseball
FEATURE - Even as a boy, the world's most powerful central banker avidly combed through statistics -- baseball statistics, that is.
Andersen hires Volcker to restore confidence
US - Accounting giant Arthur Andersen, under attack for its auditing of Enron's finances, said Sunday it has tapped former Federal Reserve Board chairman Paul Volcker to help overhaul its business procedures.
Meyer exits, search for Fed candidates gains pace
FEATURE - The departure of prize-winning economist Laurence Meyer from the Federal Reserve has given added urgency to the need to fill two empty seats on the board at a key juncture in the U.S. economy.
US stimulus package fails
US - A US economic-stimulus package is all but dead after two votes in the Senate that failed to pass either version of plans crafted by Democrats and Republicans.
Speech by Dino Kos of the Reserve Bank of New York
SPEECH - In the speech titled 'The Interplay of Markets and the Fed's Market Operations' Kos said 'The Federal Reserve is still considering what sort of securities it will hold in its portfolio, and is still weighing the possibility of buying Ginnie Mae…
Dornbusch's Overshooting Model After 25 Years
RESEARCH - Second Annual IMF Research Conference, Mundell-Fleming Lecture, Kenneth Rogoff, Economic Counselor and Director of the IMF Research Department, 29 November 2001, (revised 22 January, 2002) released 7 February.
Testimony of US Treasury Secretary Paul O'Neill
TESTIMONY - Testimony of Treasury Secretary Paul O'Neill before the Senate Budget Committee, 7 February.
Speech by Jamie Stewart of the New York Fed Bank
SPEECH - In the speech Stewart talks about shocks to the payments system resulting from 11 September. He calls the events 'unprecedented challenges to the operation of the payments system'.
Testimony of US Treasury Secretary Paul O'Neill
TESTIMONY - In testimony to congressional lawmakers, Paul O'Neill, Treasury secretary, said: "We see more and more signs every day indicating that the seeds for a recovery are there, and only need nourishing to speed the process of putting Americans back…
Testimony of Fed Chairman Alan Greenspan
TESTIMONY - In his testimony titled 'Financial literacy' Greenspan said "for an increasingly complex financial system to function effectively, widespread dissemination of timely financial and other relevant information among educated market participants…
Greenspan urges better financial knowledge
US - Federal Reserve Chairman Alan Greenspan said on Tuesday that consumers needed to increase their financial knowledge to cope with an increasingly sophisticated marketplace.
St Louis Fed report, Central Banker, Winter 2001
REPORT - Fed Releases Comprehensive Retail Payments Study, reports the Winter 2001 edition of the St Louis Fed's Central Banker.