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United States

Speech by Roger Ferguson, Federal Reserve, 27 Feb

SPEECH - In the speech titled 'A Review of Economic Developments in 2001 and the Economic Outlook' Ferguson said "signs of economic recovery are increasing" and added that U.S. consumer spending had helped the economy to stabilize, noting that low…

Federal Reserve Board Press Release

PRESS RELEASE - The Federal Reserve Board announced on Wednesday that the Consumer Advisory Council will hold its next meeting on Thursday, March 14. The meeting will take place in Dining Room E, Terrace level, in the Board's Martin Building. The session…

Testimony of Fed Chairman Alan Greenspan, 27 Feb

TESTIMONY - In his testimony before Congress Greenspan said the U.S. economic rebound this year is likely to be slightly weaker than Wall Street expects because the recovery may be restrained by a lack of consumer demand, industrial overcapacity and…

Greenspan says US economic recovery may be weak

US - Federal Reserve Chairman Alan Greenspan said the U.S. economic rebound this year is likely to be slightly weaker than Wall Street expects because the recovery may be restrained by a lack of consumer demand, industrial overcapacity and skittish U.S…

Speech by Jack Guynn President Atlanta Fed, 25 Feb

SPEECH - Guynn said in the speech titled 'Thoughts on the Economy' that the coming economic recovery will be "a good deal more moderate" than after prior downturns, adding that he sees "considerable uncertainty" about the outlook for business investment…

Survey of Professional Forecasters

RESEARCH - The U.S. economy will rebound sooner rather than later, according to 35 forecasters surveyed by the Federal Reserve Bank of Philadelphia. The forecasters expect stronger growth over the next three quarters than they projected in the survey of…

Minutes from 1996 Fed meetings bear out

US - In the months leading up to Federal Reserve Chairman Alan Greenspan's famous 1996 warning of investor "irrational exuberance," then-Fed governor Lawrence Lindsey was the central bank's most vociferous internal proponent of the view that the stock…

Speech by Fed Reserve Governor Ed Gramlich, 20 Feb

SPEECH - In the speech titled 'Consumption and the Wealth Effect: The United States and the United Kingdom' Gramlich said the run-up in household wealth in the late 1990s - in the form of rising stock and home prices - clearly affected consumer spending,…

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