United States
Kansas City Fed Economic Review, Fourth Quarter 02
PUBLICATION - The Federal Reserve Bank of Kansas City has published the Fourth Quarter 2002 edition of its Economic Review. This edition contains articles from the bank's 2002 Economic Policy Symposium, 'Rethinking Stabilization Policy' - Central Bank…
Chicago Fed Letter, January 2003 Special Issue
REPORT - The latest Chicago Fed Letter is titled 'Any bounce in the economy in 2003?'. The U.S. economy is growing, albeit at a sluggish pace. What can we expect in 2003? After an impressive performance through the recent recession, will consumer…
Fed Chairman Alan Greenspan's house broken into
Police are investigating a burglary at the Washington, D.C., residence of Federal Reserve Chairman Alan Greenspan, the U.S. central bank said on Friday.
Pianalto to sit in for Jordan at January FOMC
Sandra Pianalto, who assumes the presidency at the Cleveland Federal Reserve Bank on 1 February, will sit in for departing President Jerry Jordan at the Fed's 28-29 January policy meeting, a spokeswoman at the bank said.
Fed's Parry-reason for uncertainty on U.S. economy
San Francisco Federal Reserve President Robert Parry said on Friday the threat of war with Iraq and the risk of terror attacks have created much uncertainty about the U.S. economic recovery.
Philadelphia Fed Business Outlook Survey, Dec 2002
REPORT - Growth in the region's manufacturing sector remains sluggish, according to firms surveyed for the December 2002 Business Outlook Survey. Although indexes for general activity and new orders remained positive for the second consecutive month,…
Federal Reserve Board Press Release
PRESS RELEASE - Statement by Federal Reserve Board Chairman Alan Greenspan, 16 January.
Santomero on The Economic Outlook
SPEECH - In the speech 'The Economic Outlook - Technology on the Horizon' Anthony Santomero of the Federal Reserve Bank of Philadelphia said he expects 2003 to be a transition year for the national economy on the path to sustained expansion. Stimulative…
No way to run the world's biggest economy
ARTICLE - The article says that the US economy needs a sizeable short-term stimulus to prevent deflation. While the Federal Reserve has led the way, the chronic shortage of saving in the US has reduced policy options, including the possibility of tax…
Broaddus sees recovery continuing in 2003
Richmond Federal Reserve President Alfred Broaddus on Thursday said he saw the U.S. recovery rolling ahead this year, while cautioning that risks still lurked, such as a long war with Iraq and the seven-week-old Venezuelan workers' strike.
New York Federal Reserve president is retiring
New York Federal Reserve President William McDonough will retire on 21 July, the New York Fed said Thursday, after a decade as one of the most senior policy-makers at the U.S. central bank.
Federal Reserve Press Release
PRESS RELEASE - The Federal Reserve Board today received results from further testing conducted by the State of North Carolina, under the guidance of the Centers for Disease Control. It showed no anthrax bacteria present on a sample from a piece of mail…
Federal Reserve Board - Beige Book, January 2003
REPORT - The Federal Reserve Beige Book released 15 January described economic activity across the US as remaining "sluggish" but also cited various, though modest, signs of a pick-up in activity, high-lighting scattered reports of a fragile turnaround…
Hot Topics from the Dallas Fed, January 2003
REPORT - The latest Hot Topic from the Federal Reserve Bank of Dallas, 'Can the World Economy Give Ours a Boost?' looks at whether we're going to see a surge in foreign economies that might pave the way for more growth in the United States. It discusses…
Fed anthrax scare proves false alarm
An anthrax scare at a Washington post office involving a letter destined for the Federal Reserve proved to be a false alarm, the Federal Reserve said.
Parry on policymaking in a global context
SPEECH - In the speech 'Policymaking in a Global Context' Robert Parry of the Federal Reserve Bank of San Francisco said given the growing interdependence of national economies and macroeconomic policies, it has become increasingly important to pay…
Anthrax feared in Federal Reserve letter
A facility that handles government mail is undergoing precautionary testing for anthrax after a test on mail at the Federal Reserve indicated the potential presence of the deadly anthrax bacteria.
Volcker airs concerns about volatility of ex rates
Former Federal Reserve Chairman Paul Volcker voiced concern Monday that too little attention is paid to the volatility of exchange rates. He also said the US economy had left itself exposed as to whether a future correction of the current account deficit…
Ferguson on financial engineering and stability
SPEECH - In the speech 'Financial Engineering and Financial Stability' Roger Ferguson of the Federal Reserve said discusses dynamic hedging of mortgages, risk measurement systems such as value-at-risk, and credit derivatives all examples of newer risk…
Olson on banking opportunities in Indian country
SPEECH - In the speech 'Overcoming Challenges and Seizing Opportunities in Indian Country' Mark Olson of the Federal Reserve said the importance of seeking banking opportunities to foster economic development in Indian Country is underscored by the…
Fed's Guynn: Probability of deflation 'very low'
Federal Reserve Bank of Atlanta President Jack Guynn said Monday the U.S. faces little chances of falling into the same deflationary trap that has ensnared Japan. His comments are broadly in line with many central bankers who have spoken in recent months…
Philadelphia Fed Business Review, 4th Quarter 2002
REPORT - The Federal Reserve Bank of Philadelphia has published its regular Business Review for the Fourth Quarter 2002. The current issue contains articles including, Forces shaping Philadelphia's future and A lifeline for the weakest link? Financial…
EconSouth from the Atlanta Fed Fourth Quarter 2002
PUBLICATION - The Federal Reserve Bank of Atlanta has published its regular online magazine, EconSouth, for the Fourth Quarter 2002. The main feature of the latest edition is 'Fiscal Policy: What a Difference A Recession Makes'.
Economic Insights from the Dallas Fed Bank
PUBLICATION - In its regular Economic Insights publication, Volume 7 Number 3 2002, the Federal Reserve Bank of Dallas looks at the "Origins of the Chicago School of Economics" under Frank Knight. In the introduction Bob McTeer says "Frank Knight is one…