United States
Bank of Canada Review Autumn 2001
RESEARCH - Predictability of Average Inflation over Long Time Horizons by Allan Crawford. Short summary.
Alan Greenspan: The accidental economist
US - Federal Reserve Chairman Alan Greenspan, perhaps the world's best-known and revered economist, on Tuesday said his choice of profession was a matter of chance.
Speech by John Odling-Smee of the IMF
SPEECH - Speech by John Odling-Smee, Director, European II Department, IMF, given at the Belarusian Academy of Management, Minsk, 6 November.
Academics: Trust in Greenspan led to stock crash
ARTICLE - Investor confidence in the 'superhuman' ability of Fed chairman Alan Greenspan to shelter the stock market contributed to its over-valuation and eventual crash, economists argued in an academic paper out this week.
IMF and World Bank joint statement
STATEMENT - IMF and World Bank Heads Call for a New Round of Multilateral Trade Negotiations at Doha, Koehler and Wolfensohn urge Ministers to put developing countries at the center of the agenda.
Federal Open Market Committee - Minutes
MINUTES - Minutes of the 2 October meeting. A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washington, D.C., on Tuesday 2 October 2001, at 9:00 a.m.
FOMC: 'Mild and short contraction' of US econ seen
US - Federal Reserve policymakers expect a "relatively mild and short" U.S. recession, but they're inclined to keep cutting interest rates to banish the prospect of a nastier downturn, minutes of their recent policy meetings suggest.
Federal Reserve cuts rates to lowest since 1961
UNITED STATES - Struggling to reverse the slide in the U.S. economy, or at least to slow it, the Federal Reserve cut short-term interest rates on Tuesday by half a percentage point, to 2 percent, the lowest level since the 1960s.
Federal Reserve Press Release
PRESS RELEASE - Monetary policy decisions by the Federal Reserve Board, 6 November.
Bank of Canada Review Autumn 2001
RESEARCH - A New Measure of Core Inflation by Tiff Macklem. Short summary.
Credit card issuers to benefit from Fed rate cut
USA - Issuers of credit cards, hurt by concerns the weakening economy will ramp up charge-off rates, may get a respite from the latest round of interest rates cuts by the Federal Reserve.
Fed expected to cut rates by another half-point
US - The US Federal Reserve is poised to cut interest rates today for the tenth time this year, extending its most aggressive rate-cutting campaign in recent history amid yet more evidence of proliferating weakness in the world's economic power.
Chicago Fed National Activity Index
REPORT - The Chicago Fed National Activity Index (CFNAI) was virtually unchanged at -1.28 in September. The three-month moving average index (CFNAI-MA3) was -0.95 in September, marking the fifteenth consecutive month that the CFNAI-MA3 was below zero.
US economy "quite weak" in September-Chicago Fed
US - The U.S. economy was "quite weak" and performed below trend for the 15th straight month in September, the Federal Reserve Bank of Chicago said on Monday.
GATA - Howe lawsuit goes to Boston hearing
US - A hearing in GATA consultant Reginald H. Howe's gold market manipulation lawsuit against the Bank for International Settlements, the U.S. Federal Reserve Board and Treasury Department, and five bullion banks will be held at 2 p.m. Monday in U.S…
Testimony of Dolores Smith at the US House of Reps
TESTIMONY - Testimony of Dolores S. Smith, Director, Division of Consumer and Community Affairs before the Subcommittee on Financial Institutions and Consumer Credit of the Committee on Financial Services, U.S. House of Representatives, 1 November.
Fed's Smith - Rates dominate credit card pricing
US - The Federal Reserve's director of consumer affairs told a house panel Thursday that interest rates have come to dominate pricing practices for credit cards in recent years, although there is little systematic information about other aspects of card…
International Finance Discussion Papers
RESEARCH - Federal Reserve Board Working Papers, Evidence Uncovered: Long-Term Interest Rates, Monetary Policy, and the Expectations Theory by Jennifer E. Roush, October 2001.
Minutes from Federal Reserve Board meeting
PRESS RELEASE - The Federal Reserve Board on Friday released the minutes of its discount rate meetings from May 21, 2001 to September 17, 2001.
US economy shrinks
US - The US economy has shrunk for the first time in eight years, official figures have revealed.
Speech by Edward Gramlich of the Federal Reserve
SPEECH - Remarks by Governor Edward M. Gramlich, of the Federal Reserve Board, at the CRA and Fair Lending Colloquium, Boston, Massachusetts, 23 October.
Speech by Bob McTeer of the Dallas Fed Bank
SPEECH - Remarks by Bob McTeer, President and CEO of the Federal Reserve Bank of Dallas, before the Cato Institute 19th Annual Monetary Conference, Mexico City, 24 October.
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.
Citibank launch c bank securities lending program
US - Citibank Worldwide Securities Services has launched a lending program for central banks.