Speech
Fed's Bies on Bank Secrecy Act & compliance
In a speech on 'Bank Secrecy Act and capital compliance issues' given on 14 March, Susan Schmidt Bies of the Federal Reserve said US regulators are drafting new guidelines for banks to comply with a law to stop money laundering.
SF Fed's Yellen on prospects for the U.S. economy
In a speech on 'Prospects for the U.S. economy' given on 2 March, Janet Yellen of the San Francisco Fed said the US economy is on a path toward healthy economic growth and stable inflation but interest rates remain accommodative.
Greenspan on Social Security program & retirement
In testimony on the 'Future of the Social Security program and economics of retirement' given on 15 March Alan Greenspan of the Federal Reserve issued a fresh call to Congress to move promptly to put Social Security on firm financial footing, warning…
Weber on challenges to convergence in larger EU
In the speech 'Challenges to convergence in the larger EU' given on 9 March, Axel Weber of the Deutsche Bundesbank pointed out that successfully coping with the growing diversity of the EU economy after enlargement requires that monetary, fiscal and…
BoE's Lomax on inflation targeting in practice
In a speech on 'Inflation targeting in practice: Models, forecasts and hunches' given on 12 March, Rachel Lomax of the Bank of England said inflation forecasts are "highly fallible" and the BoE should ignore calls from bodies such as the IMF to produce a…
Fed's Bernanke on the global saving glut
In a speech on 'The global saving glut and the U.S. current account deficit' given on 10 March, Ben Bernanke of the Federal Reserve said a global savings glut has pushed up the U.S. current account gap and pushed down long-term interest rates.
Fed's Greenspan on globalization
In a speech on 'Globalization' given on 10 March, Alan Greenspan of the Federal Reserve said that future budget deficits pose a bigger risk to the economy than record trade imbalances and the country's extremely low savings rate.
ECB's Trichet on European financial integration
In a speech on 'European financial integration: the view of the ECB' given on 10 March, Jean-Claude Trichet of the ECB said the ECB attaches the utmost importance to progress in European financial integration.
Fed's Greenspan on bank regulation
In a speech on 'Bank regulation' given on 11 March, Alan Greenspan of the Federal Reserve acknowledged that a new global pact on banking may hurt some business lines at small U.S. banks, but said regulators may look at tweaking capital rules to ease this.
T and T's Williams on the state of the economy
In a speech on 'The state of the Trinidad and Tobago economy' given on 21 February, Ewart Williams of the Central Bank of Trinidad and Tobago said the economy is strong and the economic prospects are excellent. However, the economy faces several…
CNB's Tuma on central bank forecasting
In the speech 'Forecasting and its role as an information source in the decision-making of the central bank' given on 18 February Zdenik Tuma of the Czech National Bank discusses the role market forecasts can play as an information source in the decision…
Sweden's Rosenberg on economic activity, inflation
In a speech given on 24 February Irma Rosenberg of the Sveriges Riksbank said even though there has been some uncertainty over economic activity it has in fact continued to develop strongly.
IMF's Rato on the Palestinian National Authority
In a speech given on 1 March, Rodrigo de Rato of the International Monetary Fund predicted the Palestinian Authority's economic plan would lead to growth.
Fed's Bernanke on the economic outlook
In the speech 'The economic outlook' given on 8 March Ben Bernanke of the Federal Reserve said the US economy was off to a solid start this year and that core inflation should stay in a zone that allows the Fed to raise interest rates at a "measured"…
Trichet: ECB ready to act on rates as necessary
The European Central Bank is ready to raise interest rates to prevent inflationary pressures building whenever that proves necessary, ECB president Jean-Claude Trichet said Wednesday in a speech.
Sweden's Persson: Globalisation and low inflation
Deputy Governor Kristina Persson of the Sveriges Riksbank spoke on Tuesday 8 March at an annual conference on the subject of globalisation and Sweden's low inflation. In the speech she said Sweden has had much to gain from increased global integration,…
Chicago Fed's Moskow on small businesses
In a speech on 'Access to capital for women- and minority-owned businesses' given on 4 March, Michael Moskow of the Federal Reserve Bank of Chicago said small businesses play a critical role in the U.S. economy and the Federal Reserve has an interest in…
Fed's Olson on loan quality and the economy
In a speech on 'Loan quality and how it reflects the overall economy' given on 28 February, Mark Olson of the Federal Reserve said economic growth is steady while inflation remains under control.
Sweden's Heikensten on Riksbank's monetary policy
In the speech 'Thoughts on how to develop the Riksbank's monetary policy work' given on 22 February, Lars Heikensten of the Sveriges Riksbank said it is sometimes claimed in the general debate that the Riksbank and other inflation-targeting countries…
IMF's Rato on correcting global imbalances
In a speech on 'Correcting global imbalances - Avoiding the blame game' given on 23 February, Rodrigo de Rato of the IMF said a current account deficit the size of the US's 'cannot be sustained indefinitely'.
St Louis Fed's Poole on pension systems
In a speech on 'Demographic challenges to state pension systems around the world' given on 24 February, William Poole of the Federal Reserve Bank of St. Louis said the United States must make "hard choices" if it is to fix its Social Security retirement…
ECB's Tumpel-Gugerell on collateral markets
In a speech on 'Integration and efficiency in collateral markets - a central bank perspective' given on 1 March, Gertrude Tumpel-Gugerell of the ECB said the introduction of the euro six years ago has accelerated the integration process in the euro area…
BoE's Bell on real interest rates and inflation
In the speech 'A matter of no small interest: Real short-term interest rates and inflation since the 1990s' given on 2 March, Marian Bell of the Bank of England said the level of interest rates consistent with full employment and a stable economy has…
Fed's Gramlich on raising national saving
In a speech on 'The importance of raising national saving' given on 2 March, Edward Gramlich of the Federal Reserve said the United States would seem well-advised to minimize risks by raising its own national saving to finance its own investment.