Speech
Olson on Federal Reserve in an electronic world
In the speech 'The Federal Reserve in an electronic world' given on 19 May, Mark Olson of the Federal Reserve said the role of the private sector is growing in all segments of the payments system, from providing payments services, to setting industry…
New York Fed's Rutledge on Basel II
In the speech 'Basel II: Risk management and financial stability' given on 17 May, William Rutledge of the Federal Reserve Bank of New York said the implementation of Basel II should help supervisors and market participants better detect increases in…
Atlanta's Guynn on growth and low inflation
In a e speech on 'Continuing the pattern of growth and low inflation' given on 25 May, Jack Guynn of the Federal Reserve Bank of Atlanta said the Federal Reserve is not yet done raising interest rates, but the central bank will watch economic data…
BoE's Lambert on monetary policy-making
In a speech on 'Monetary policy-making: Fact and fiction' given on 24 May, Richard Lambert of the Bank of England reflects on his two years on the MPC and on the uncertainty inherent in setting monetary policy.
Fed's Gramlich on politics of inflation targeting
In the speech 'The politics of inflation targeting' given on 26 May Edward Gramlich of the Federal Reserve said there was little political support in the United States for adopting a formal inflation target and such a step would yield only modest…
Philadelphia Fed's Santomero on regional equity
In the speech 'Advancing regional equity: The Second National Summit on Equitable Development, Social Justice, and Smart Growth' given on 23 May Anthony Santomero of the Federal Reserve Bank of Philadelphia said rising real estate prices have helped…
Norway's Gjedrem on the conduct of monetary policy
In the speech 'The conduct of monetary policy' given on 23 May Svein Gjedrem of Norges Bank said two and a half years after we started to lower interest rates it would appear that inflation is moving up, albeit slowly.
ECB's Gonzalez-Paramo on inflation differentials
In the speech 'Inflation differentials in the euro area' given on 23 May Jose Manuel Gonzalez-Paramo of the ECB said lasting inflation differentials that are the product of misaligned national policies or structural inefficiencies may be damaging for the…
Fed's Bies on benefits & implementation of Basel 2
In the speech 'Financial stability benefits and implementation challenges of Basel II' given on 17 May Susan Bies of the Federal Reserve said in preparing for Basel II, supervisors realize that they must address their own capital needs--that is, human…
Riksbank seeing weaker than expected economy
A deputy governor of Sweden's Riksbank, Kristina Persson, said Tuesday 24 May the central bank is seeing signs of somewhat weaker economic activity than it had previously expected.
Fed's Olson on Basel II
In the speech 'Basel II' given on 16 May Mark Olson of the Federal Reserve said U.S. regulators would delay further or seek to change Basel II international bank soundness rules because of an uneven response by banks to a dry run of the rules.
Sweden's Nyberg on the Riksbank & inflation target
In the speech 'The Riksbank and the inflation target' given on 19 May Lars Nyberg of the Sveriges Riksbank said it is important to monitor whether the slackening tendencies seen in economic activity recently are temporary or more persistent.
Fed's Greenspan on energy
In the speech 'Energy' given on 20 May Alan Greenspan of the Federal Reserve said a modest easing in oil demand in response to higher prices should keep inventories rising in the U.S. and elsewhere for some months.
Lacker says Fed may offer too many bank services
Richmond Federal Reserve Bank President Jeffrey Lacker said on Friday 20 May it was "hard to justify" the level of services the Fed provides for banks, particularly for clearing retail payments, such as check clearing.
Trichet sees many euro members breaking pact rules
European Central Bank president Jean-Claude Trichet said Monday 23 May many euro zone governments look set to return deficits above the stability and growth pact's limit of 3 pct of GDP this year.
Issing: Govts must deal with growth differentials
European Central Bank chief economist Otmar Issing said in a speech Friday 20 May euro zone growth differentials must be dealt with by national economic policies rather than by the ECB's interest rate policy.
Fed's Kohn on modeling inflation
In a speech on 'Modeling inflation: A policymaker's perspective' given on 20 May, Donald Kohn of the Federal Reserve called for improvements in inflation modeling, saying an increase in core US inflation in 2004 and 2005 caught him and many other…
BoE's Large on a framework for financial stability
In a speech on 'A framework for financial stability' given on 18 May, Andrew Large of the Bank of England cautioned that new entrants such as hedge funds and insurers have become active in derivatives at a time when the depth of the market is still…
ECB's Papademos on monetary stability, integration
In the speech 'Monetary stability and financial integration in Europe' given on 9 May Lucas Papademos of the ECB said the ECB is committed to, and will continue to support, the process of structural reform in financial markets, as well as in labour and…
Sweden's Srejber on supervisory responsibility
In the speech 'The divorce between macro financial stability and micro supervisory responsibility: are we now in for a more stable life?' given on 13 May Eva Srejber of the Sveriges Riksbank said she finds it hard to see how, in the long run, the EU…
IMF's Krueger on the future of Turkey's economy
In the speech 'Turkey's economy: A future full of promise' given on 5 May Anne Krueger of the IMF said the need for structural reform is never-ending in the modern global economy and this is true here in Turkey as elsewhere.
Fed's Greenspan on government-sponsored enterprise
In the speech 'Government-sponsored enterprises' given on 19 May Alan Greenspan of the Federal Reserve levelled criticisms at the two mortgage giants Fannie Mae and Freddie Mac.
Hong Kong's Pang on the Asian Bond Fund
In a speech given on 5 May, Peter Pang said the Asian Bond Fund project will bring about many benefits. First, it introduces and promotes new fixed-income products to the Asian markets.
Dallas Fed's Fisher on the world economy
In the speech 'A walk around the world economy' given on 10 May, Richard Fisher of the Federal Reserve Bank of Dallas urged free trade between the US and "able competitors" and criticised efforts at protectionism.