United States
Speech by Fed Chairman Alan Greenspan, 25 Sep
SPEECH - In the speech titled 'Regulation, Innovation, and Wealth Creation' Greenspan said transparency may present a paradox. On the one hand markets function best when the participants are fully informed. But the full disclosure of what some…
IMF News Brief
NEWS BRIEF - IMF Managing Director Horst Kohler Meets Colombian President lvaro Uribe, 25 September.
IMF Press Briefing on the World Economic Outlook
PRESS BRIEFING - Transcript of a Press Briefing on the World Economic Outlook by Kenneth Rogoff, Economic Counsellor and Director, Research Department, International Monetary Fund, Washington, D.C., Wednesday, 25 September 2002.
IMF World Economic Outlook, September 2002
REPORT - World Economic Outlook, Trade and Finance, International Monetary Fund, September 2002. In the most recent World Economic Outlook the International Monetary Fund said that world economic output would increase by 3.7% in 2003, compared to its…
IMF calls for boost to global confidence
US - International Monetary Fund Managing Director Horst Koehler said on Thursday that global growth had been hurt by financial market uncertainty and called on world financial leaders to do their bit to restore calm.
Speech by Fed Chairman Alan Greenspan, 25 Sep
SPEECH - In the speech titled 'Policy Coordination' Greenspan reflected on the historic association between the Bank of England and the Federal Reserve with ties cemented in the 1920's. Greenspan said that London has stayed on top in the provision of…
Federal Reserve Board Press Release
PRESS RELEASE - The Federal Open Market Committee decided today to keep its target for the federal funds rate unchanged at 1 3/4 percent, 24 September.
IMF report sees global economy recovering
US - Although downside risks are rising, the global economy is slowly recovering from a worldwide recession, the International Monetary Fund said Wednesday.
Fed holds rates steady but with rare split vote
US - The Federal Reserve on Tuesday held interest rates steady despite a hesitant economic recovery and worries about a possible war with Iraq. In an unusual move the meeting saw dissent, with two members calling for a rate reduction. This was the first…
Speech by H Kohler, Managing Director, IMF, 19 Sep
SPEECH - In a speech titled 'Investing in Better Globalization' Kohler said the global economy has shown remarkable resilience in the face of multiple shocks over the past two years but that risks to the global economic outlook today are clearly tilted…
Transparency at the IMF
REPORT - A Factsheet published by the International Monetary Fund on 20 September 2002.
Greenspan to get honorary knighthood on Thursday
US - Federal Reserve chairman Alan Greenspan will receive an honorary knighthood from Queen Elizabeth II next week, Buckingham Palace has said.
Mid-Atlantic factory output edges up in Sept
US - Manufacturing activity in the U.S. mid-Atlantic region turned positive in September, providing a ray of hope that the summer slowdown in the factory sector was temporary.
No global recession likely - Fed's McDonough
US - New York Federal Reserve President William McDonough said on Thursday the chances of a world recession were extremely low, despite an expected slowdown in growth on the back of higher oil prices.
Speech by W. McDonough, New York Fed Bank, 11 Sep
SPEECH - In the speech McDonough said 'sadly, all too many members of the inner circle of the business elite participated in the over-expansion of executive compensation'. He was speaking to an audience attending a 11 September memorial service at…
International Monetary Fund - Annual Report 2002
ANNUAL REPORT - The International Monetary Fund has published its Annual Report for the year ended 2002. In the Annual Report the IMF report that in 2001 the world economy experienced a synchronized, widespread slowdown after the unusually strong…
Speech by Robert Parry, San Francisco Fed, 12 Sep
SPEECH - In the speech titled 'The Economic Outlook for the Nation and the Region: A Monetary Policymakers View' Parry said "my basic view is that we're now in the midst of a modest expansion". While the recession hasn't been officially declared over yet…
IMF Press Release
PRESS RELEASE - IMF Managing Director Horst Kohler, Remarks on China Visit, 13 September.
Developing nation bankruptcy treaty may emerge
ARTICLE - With financial instability rippling through Latin America, momentum appears to be building for an international plan to make it easier for developing nations to declare bankruptcy and renegotiate their foreign debts, reports the Wall Street…
US Treasury's O'Neill: US economy on recovery road
US - U.S. Treasury Secretary Paul O'Neill said on Monday the economy is on a recovery path, albeit a rocky one, and the United States can bear the financial cost of whatever action it chooses to take against Iraq.
Testimony of Fed Chairman Alan Greenspan, 12 Sep
TESTIMONY - In testimony titled 'Current fiscal issues' to the US budget committee on Thursday Greenspan was downbeat suggesting that the most recent forecasts of Fed policymakers, released in July, would be "somewhat lower" if re-estimated today. He…
IMF Global Financial Stability Report
REPORT - The International Monetary Fund on 12 September published its Global Financial Stability Report, Market Developments and Issues, September 2002. In the report the IMF said there were "signs of contagion" from Brazil to other emerging market bond…
IMF sees signs of Brazil contagion on bond market
US - The signs of bond market contagion from political uncertainty in Brazil developed in emerging bond markets in the second quarter of the year, according to an International Monetary Fund report published Thursday.
Federal Reserve Board - Beige Book, September 2002
REPORT - The Federal Reserve Beige Book released 11 September showed slow and uneven growth across the country, and that manufacturers, hit hard by the recession, continued to experience weak demand. Other findings included little job growth.