United States

The Federal Reserve Beige Book

REPORT - The Federal Reserve has published on 8 August its regular Summary of Commentary on Current Economic Conditions by Federal Reserve District known as the Beige Book.

The Outlook for the U.S. Economy

SPEECH - President and CEO of the Federal Reserve Bank of Chicago Michael Moskow gave a speech to the Priority One Annual Meeting, Crowne Plaza Five Seasons Hotel, Cedar Rapids, Iowa, 7 August.

The securities activities of banks

SPEECH - Testimony of Governor Laurence Meyer, before the Subcommittee on Financial Institutions and Consumer Credit and the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises of the Committee on Financial Services, U.S…

All change at the US Treasury - slowly

CENTRALBANKNET'S SPECIAL REPORT - A brief look at the US Treasury's web-site reveals a significant number of vacancies still to be filled, not least all four positions in the department of economic policy of assistant secretary and the three deputies…

The Economy in Transition

SPEECH - Remarks by Jack Guynn, President and Chief Executive Officer, Federal Reserve Bank of Atlanta, Jackson Rotary Club, Jackson, Mississippi, 23 July.

Chicago Fed: Recession risks rising

US - The risk that the U.S. economy is in a recession rose in June to its highest level this year, the Federal Reserve Bank of Chicago said on 2 August as it released its monthly index of U.S. economic activity.

IMF accord enters calculation stage

UNITED STATES - The Brazilian delegation in Washington keeps making ambiguous statements on the possibility of a new accord with the IMF but, according to a source at the IMF, they are "making their calculations".

Fed's Ferguson takes oath for new term

UNITED STATES - After spending two years in political limbo, U.S. Federal Reserve Vice Chairman Roger Ferguson was sworn in today, 26 July, for a second term on the U.S. central bank board, the Fed said.

Is Greenspan growing tired of his task?

ARTICLE - Alan Greenspan has always been as good a politician as he is a central banker. The Federal Reserve chairman is the master of the non-answer-answer to a hostile question and he does it with remarkable grace. Last week's appearance on Capitol…

Greenspan says monetary policy still works

US - Federal Reserve Chairman Alan Greenspan said today, 24 July, that changes in monetary policy are still able to boost the economy, even as the U.S. economy has continued to drag after a series of Fed rate cuts.

Meyer takes aim at the Greenspan legacy

US - Kansas City Fed President Thomas Hoenig, who broke a recent pattern of Federal Open Market Committee unanimity by voting against a half-percentage-point rate cut on May 15, is not a real FOMC dissident, reports Dow Jones news.