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Townhall Meeting with IMF and World Bank leaders

MEETING - IMF Managing Director Horst Kohler and World Bank President James Wolfensohn with Civil Society Representatives Participating in the International Conference on Poverty Reduction Strategies, moderated by Warren Nyamugasira, Uganda National NGO…

IMF News Brief

NEWS BRIEF - IMF's Kohler: Good Start to New Relationship with Argentina IMF Managing Director Horst Kohler said in Washington, D.C. today (13 February).

Fed ready to raise rates this year - Guynn

US - The Federal Reserve may start reversing its series of 11 interest rate cuts if a stronger-than-expected recovery this year rekindles inflation concerns, says Jack Guynn, president of the Federal Reserve Bank of Atlanta.

Speech by William Poole of the St. Louis Fed Bank

SPEECH - In the speech titled 'The Role of Anecdotal Information in Fed Policymaking' Poole said that with formal data giving an incomplete and often delayed picture of the economy, including in the key areas of growth and inflation, anecdotal…

Gay online bank shuts down

US - The first online bank aimed at the gay and lesbian community in the US is to close after admitting it could not make a profit in the current economic climate.

When can we forcast inflation?

RESEARCH - Article by Jonas D. M. Fisher, Chin Te Liu and Ruilin Zhou. Chicago Fed researchers show that inflation forecasting models, like the Phillips curve, may still provide sound predictions of inflation. They argue that time periods in which it is…

Speech by Federal Reserve Governor Mark Olson

SPEECH - "The Fed does not attempt to predict market changes, but I hope the process put in place by the Congress will allow financial institutions to adjust to market changes within certain notable bounds," Fed Governor Mark Olson said in a speech on…

Speech by Federal Reserve Governor Mark Olson

SPEECH - There are no widespread problems with banks' use of so-called special purpose vehicles - accounting moves aimed at taking risks off their balance sheets that have come under scrutiny recently, Federal Reserve governor Olson said on Thursday in a…

US stimulus package fails

US - A US economic-stimulus package is all but dead after two votes in the Senate that failed to pass either version of plans crafted by Democrats and Republicans.

Speech by Dino Kos of the Reserve Bank of New York

SPEECH - In the speech titled 'The Interplay of Markets and the Fed's Market Operations' Kos said 'The Federal Reserve is still considering what sort of securities it will hold in its portfolio, and is still weighing the possibility of buying Ginnie Mae…

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