United States
Business Outlook Survey
REPORT - The Federal Reserve Bank of Philadelphia has published its regular Business Outlook Survey for March 2002.
Facelift for the greenback
US - Redback, pinkback, and blueback may not have quite the same ring as greenback. Nevertheless, US Treasury Secretary Paul O'Neill is considering plans to replace the famously green hue of dollar notes with a rainbow of seven different colours.
Federal Open Market Committee Meeting - Minutes
MINUTES - The Federal Reserve Board on Thursday released the minutes of its Federal Open Market Committee Meeting from 29-30 January 2002, released 21 March.
Fed discussed dropping its tilt towards rate cuts
US - The Federal Reserve considered "unconventional" actions at its January monetary policy meeting in case its anti-recession campaign did not work and discussed abandoning its official leaning towards cutting short-term interest rates, minutes released…
Speech by Susan Schmidt Bies of the Fed, 21 Mar
SPEECH - In the speech titled 'Current Challenges of Community Banks' Bies stressed to bankers the need for effective management oversight by bank directors, especially in the wake of the spectacular collapse of energy-trading giant Enron.
Federal Reserve Board Press Release
PRESS RELEASE - The Federal Reserve Board on Thursday announced the publication of a guide to help consumers better understand their rights and responsibilities with regard to electronic check conversion transactions.
Bies - Insolvent co's should be allowed to fail
US - The financial collapse of Enron Corp. (ENRNQ) didn't have a widespread effect on the U.S. economy, Federal Reserve Governor Susan Bies said Thursday.
The increasingly transparent Greenspan fed
FEATURE - Tuesday's decision by the Federal Open Market Committee that it would announce the roll call of the vote on the federal funds rate target, including the policy choice of any dissenters after each meeting, was the latest veil in its legendary…
Federal Reserve Press Release, 19 March
PRESS RELEASE - The Federal Open Market Committee decided today to keep its target for the federal funds rate unchanged at 1-3/4 percent.
Joint Press Release
PRESS RELEASE - The federal financial institutions supervisory agencies today announced that the financial institutions they supervise should follow the guidance issued by the U.S. Securities and Exchange Commission with respect to auditing and…
Speech by Robert Parry, San Francisco Fed, 7 Mar
SPEECH - In the speech titled 'The U.S. Economy in 2002' Parry said he sees signs the U.S. economy is turning around, and that the outlook for business investment in equipment and software is improving.
IMF News Brief
NEWS BRIEF - Press Statement by the IMF Mission to Argentina, 15 March.
The IMF-Feeding the rat
ARTICLE - An Article by Diwa C. Guinigundo, Alternate Executive Director, International Monetary Fund, Manila Standard, 28 February.
Testimony of Fed Governor Mark Olson, 14 Mar
TESTIMONY - Federal Reserve Governor Mark Olson gave testimony on Thursday titled 'The Financial Services Regulatory Relief Act of 2002'. It was his first appearance before the subcommittee since becoming a member of the Board of Governors.
IMF Global Financial Stability Report, March 2002
REPORT - A Quarterly Report on Market Developments and Issues from the International Monetary Fund, March 2002.
History shows East Europe pitfalls on way to euro
FEATURE - Investors are already betting Eastern Europe's road to the euro will be remarkably short, but the history of European monetary union shows just how many hairpin bends and potholes still litter the way.
Speech by Fed Chairman Alan Greenspan, 13 Mar
SPEECH - Greenspan gave a speech titled 'The U.S. Economy' on Wednesday in which he repeated that U.S. economic activity was improving, and urged a greater emphasis on savings to improve the long-term vitality of the expansion.
IMF Press Briefing, 13 March
PRESS BRIEFING - Transcript of a Press Briefing by Thomas C. Dawson, Director, External Relations Department, International Monetary Fund, London, 13 March.
Green shoots of recovery may be on the way
US - Alan Greenspan continued his new optimistic mantra that the U.S. economy is pulling out of its slump and pointed out that even employment, one of the last indicators to rebound, is showing signs of life.
Speech by William Poole, St Louis Fed Bank, 8 Mar
SPEECH - In the speech titled 'The Role of Finance in the Investment Bust of 2001' Poole likens the current recession to the coldness of space and the planet pluto in particular. Are we in "the pluto recession"? "The astronomers argue about whether Pluto…
Are we in recession? No we're on the planet Pluto
US - Amid the was it or wasn't it debate about the U.S. recession, a senior Federal Reserve official has coined a new phrase for the economic downturn that began last March, dubbing it: "the Pluto recession."
James Tobin, Keynesian economist of first rank
OBITUARY - James Tobin, the most influential Keynesian theorist of his generation, who became famous for his proposed tax on currency trading, has died aged 84.
Speech by Fed Reserve Governor Mark Olson, 12 Mar
SPEECH - In the speech titled 'Current Industry Issues' Olson agreed with views many central bankers have expressed recently when he said that "for the past few months we have seen clear indication that economic conditions are improving and we are either…
Olson - US economy at or near end of down phase
US - Federal Reserve Governor Mark Olson said on Tuesday recent reports over the past few months show the downturn that hit the U.S. economy last year has likely bottomed out.