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United States

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,…

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.

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