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Testimony of US Treasury Secretary Paul O'Neill

TESTIMONY - In testimony to congressional lawmakers, Paul O'Neill, Treasury secretary, said: "We see more and more signs every day indicating that the seeds for a recovery are there, and only need nourishing to speed the process of putting Americans back…

Testimony of Fed Chairman Alan Greenspan

TESTIMONY - In his testimony titled 'Financial literacy' Greenspan said "for an increasingly complex financial system to function effectively, widespread dissemination of timely financial and other relevant information among educated market participants…

Global economy 'recovering'

US - The head of the International Monetary Fund has told a meeting of the World Economic Forum in New York that he believes the world's economy is heading for recovery.

Dodge refuses to rule out common currency

CANADA - David Dodge, the Governor of the Bank of Canada, Tuesday, refused to rule out the possibility that Canada and the United States could share a common currency some day, though he said a number of tough conditions would have to be met first.

Speech by Stanley Fischer of the IMF

SPEECH - In his speech titled 'Breaking Out of the Third World: India's Economic Imperative' Fischer said the Indian monetary policy of not trying to peg a particular value for the rupee was good economics and that all the eight countries which…

Fischer suggests managed floating currency system

INDIA - The Indian monetary policy of not trying to peg a particular value for the rupee was good economics, Stanley Fischer said here today. The former first deputy managing director of the International Monetary Fund was speaking at a seminar organised…

Testimony of Richard Spillenkothen of the Fed

TESTIMONY - In his testimony titled 'Antiterrorism initiatives' Spillenkothen said that the Federal Reserve has a significant commitment to the bank regulatory community's anti-money laundering and anti-terrorism mission and that we will continue our…

Chicago Fed Letter, February 2002

REPORT - According to research in the latest Chicago Fed Letter, improvements in average worker skill levels have slowed and are likely to continue to slow the rest of this decade, which could negatively impact U.S. productivity growth in years to come.

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