United States

Fears grow for US economy

UNITED STATES - Fears for the US economy are growing, after the country's central bank revealed that there had been no signs whatsoever of an upturn before the terrorist attacks in New York and Washington.

The Federal Reserve Beige Book

REPORT - The Federal Reserve published on 19 September its regular Summary of Commentary on Current Economic Conditions by Federal Reserve District known as the Beige Book.

Following the money trail

ARTICLE - Financial authorities around the world are stepping up their efforts to trace illegal money flows in the wake of the attacks inflicted on New York and Washington DC on 11 September.

IMF's Kohler sees hope for economic recovery

US - The US economy is expected to show signs of recovery by the end of the year in spite of last week's terrorist attacks and the sharp decline in the airline industry, the International Monetary Fund said yesterday, 19 September.

IMF new lending rises slightly

IMF ANNUAL REPORT 2001 - Lending by the International Monetary Fund in its financial year 2001 to last April increased slightly, reflecting additional loans to Argentina and Turkey to assist their economic reform.

Embracing change, IMF looks for shareholder reform

IMF ANNUAL REPORT 2001 - The International Monetary Fund yesterday, 20 September, issued its annual report for 2001, highlighting its progress in implementing reforms and urging its members - particularly the advanced economies - to do the same.

Speech by William Poole of the St. Louis Fed Bank

SPEECH - William Poole President, Federal Reserve Bank of St. Louis. Prepared for Panel on Promoting Economic Growth: What Monetary Policy Can And Cannot Do. National Association For Business Economics 43rd Annual Meeting, New York, New York, 10…

Report - Central banks did not act together

US - Unlike the co-ordinated monetary policy moves that were the hallmark of international economic co-operation of the 1980s, the spate of interest rate cuts that rippled around the world on Monday and Tuesday was not a pre-arranged exercise by G7…

Fed cuts rates but Wall Street plunges

US - Giving a sharp jolt to financial markets, the Federal Reserve cut US interest rates just one hour before the re-opening of Wall Street. (Later shares on Wall Street fell dramatically as the American markets opened after its near week long absence.)