United States
Volcker seen as likely to step aside at Andersen
USA - Paul A. Volcker, the former Federal Reserve chairman sought to help embattled Arthur Andersen LLP map out a future, now looks likely to step aside, deepening the crisis within the accounting firm, Monday's Wall Street Journal reported.
Speech by Cathy Minehan, Boston Fed Bank, 20 Mar
SPEECH - Minehan said at the Annual Meeting of The Boston Industrial Development Financing Authority that the Boston-area economy is much better positioned to weather economic downturns compared to years' past.
Allocating Bank Regulatory Powers
RESEARCH - Research paper by Charles M Kahn of the University of Illinois at Urbana-Champaign and Joao AC Santos of the Federal Reserve Bank of New York.
IMF World Economic Outlook, April 2002
REPORT - World Economic and Financial Surveys, World Economic Outlook, Recessions and Recoveries, International Monetary Fund, 18 April.
Press Conference on the World Economic Outlook
PRESS CONFERENCE - Press Conference on the World Economic Outlook by Kenneth Rogoff, Economic Counsellor and Director of Research, International Monetary Fund, 18 April.
Fed's Minehan sees e-payments change as inevitable
US - The shift in the financial payments and settlements system to electronic transactions is proceeding apace, and the U.S. central bank is embracing that change, Cathy Minehan, the president of the Federal Reserve Bank of Boston, said on Tuesday.
Back from a King's vault, the lone double eagle
FEATURE - It is a $20 gold piece from 1933 that was ordered destroyed by President Franklin D. Roosevelt. Stolen from the United States Mint, it was exported for a king after the government committed the bumble of all bumbles, was contested in an…
G7 to focus on World Bank grants, terror finance
US - The Group of Seven leading industrial nations finance ministers' meeting Friday will focus on proposals to increase World Bank grants and ongoing efforts to cut off sources of terrorism finance, a senior U.S. Treasury official said Friday.
Speech by H Kohler, Managing Director, IMF, 17 Apr
SPEECH - Kohler said in a speech titled 'Promoting Sustained Growth and International Financial Stability' that the U.S. economic recovery should provide a lift for the rest of the world, making now a good time for the world's largest economies to…
IMF Press Conference with Horst Kohler
PRESS CONFERENCE - Transcript of a Press Conference with Horst Kohler, Managing Director, International Monetary Fund, National Press Club, Washington, D.C. 17 April.
The Recession that Almost Was
FEATURE - A Commentary by Kenneth Rogoff, Economic Counsellor and Director, Research Department, International Monetary Fund, 5 April.
Bush considers Kohn for Fed board US official says
US - U.S. President George W. Bush is seriously considering Donald Kohn, a top staffer at the U.S. Federal Reserve, for a seat on the U.S. central bank's board, a senior Bush administration official said on Thursday.
McDonough says Fed has time before rate hike
US - Federal Reserve Bank of New York President William McDonough said on Thursday the Fed is unsure about how strong the U.S. economy may be in the latter half of this year and can be patient before raising interest rates.
Testimony of Fed Chairman Alan Greenspan, 17 Apr
TESTIMONY - In testimony to the US Congress titled 'Monetary policy and the economic outlook' Greenspan said the strength of the current U.S. economic recovery was not yet clear and praised the economy's resilience in the face of some difficulties, "but…
Greenspan dampens rate hike fears
US - The US Federal Reserve is expected to leave interest rates unchanged until an economic recovery in the US has gained a strong foothold, analysts said after having listened to a key speech by the Fed chairman Alan Greenspan.
FX traders to kiss goodbye to settlement risk
FEATURE - Currency traders, more aware of the potential for disruption in the financial system after September 11, should draw comfort from a long-awaited settlement system linked to central banks that is due to go live this year.
Speech by Jamie Stewart, New York Fed Bank, 9 Apr
SPEECH - In the speech titled 'Challenges to the payments system following September 11' Stewart focused his remarks on the shocks to the payments system stemming from the events of September 11 and the steps that are being taken to ensure even better…
Speech by William Poole, St Louis Fed Bank, 11 Apr
SPEECH - In the speech titled 'Inflation, Recession and Fed Policy' Poole said low inflation is essential to make necessary monetary policy changes and to support economic growth.
Remarks on the IMF Mission in Argentina
PRESS BRIEFING - Introductory Remarks on the Role of the IMF Mission in Argentina, Anoop Singh, Director for Special Operations, IMF, Press Briefing, Buenos Aires, 10 April, 2002.
House votes to end banking ban
US - The Senate House has voted to end a 70-year-old ban on banks paying interest on business checking accounts.
IMF World Economic Outlook
REPORT - World Economic and Financial Surveys, Recessions and Recoveries, April 2002.
Greenspan's heir apparent stays cryptic
FEATURE - Judging by his refusal to provide a direct answer to a straightforward question, John Taylor is on track to become the next chairman of the US Federal Reserve writes Stephen Romei in The Australian on Monday.
Fed's Broaddus - Fed committed to price stability
US - US Federal Reserve policymakers aren't "resting on our laurels" with regard to their primary goal of price stability, said Alfred Broaddus, president of the Federal Reserve Bank of Richmond.
Speech by J Alfred Broaddus, Richmond Fed, 4 Apr
SPEECH - Richmond Federal Reserve President Alfred Broaddus said in a speech titled 'Comments on the Changing Economic Outlook' on Thursday the U.S. economic outlook is "considerably" better than six months ago, but that final demand is crucial for…