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Dallas fed board chairman and dep reappointed

US - The Federal Reserve Board of Governors has reappointed H. B. Zachry chairman and Patricia Patterson deputy chairman of the Federal Reserve Bank of Dallas board of directors for the year 2002, beginning 1 January.

Soros: Global economic report criticised at launch

REPORT - Billionaire investor George Soros Thursday launched the draft of a "Report on Globalization" that he offered as his blueprint for a fairer and more stable global financial system. He was given a rough ride by some big hitters in the world of…

Greenspan sets out defence of free markets

US - Alan Greenspan, Federal Reserve chairman, speaking on Wednesday levelled one of his most aggressive defences yet of free markets, while warning that the prospect of additional terrorist acts threatened to reduce trade and its economic benefits.

US reports weak economic activity

US - Economic activity was weak across the US in September and the first half of October, as the effects of last month's terrorist attacks compounded the slowdown already in place before 11 September, the Federal Reserve said yesterday, Wednesday.

Very short excerpt from Dallas Fed speech

SPEECH - An excerpt (very short) from speeches by Bob McTeer, President and CEO, Federal Reserve Bank of Dallas before the Texas Economic Development Council and Best Southwest Partnership, Dallas, Texas, 20 September.

Soiled notes turn to paper bricks!

INDIA - The Gujarat headquarters of the Reserve Bank of India (RBI) has installed a Rs 2 crore note-shredder imported from the Netherlands at its regional head-office near Gandhi bridge, said regional director, RBI-Gujarat VS Das.

Shadow Group tells Fed to end rate cuts

US - In studying the Federal Reserve for six decades, Anna Schwartz has witnessed some of the Fed's most aggressive interest rate reductions, such as those after the Korean War, before Richard Nixon's re-election and during Ronald Reagan's second year of…

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