Speech
Fed's Kohn on low-probability, high-impact events
In a speech 'How should policymakers deal with low-probability, high-impact events?' given at the ECB's Conference on Monetary Policy and Imperfect Knowledge on 15 October, Donald Kohn of the Federal Reserve said central banks with credibility for…
Fed's Geithner on global payments challenges
In a speech on 'Challenges facing the global payments system' given on 14 October, Timothy Geithner of the Federal Reserve Bank of New York told the SIBOS 2004 Atlanta Conference more needs to be done by financial institutions to reduce the threat of…
Japan's Fukui on global exchanges
In a speech on 'Global imbalances and exchanges' given on 13 October, Toshihiko Fukui of the Bank of Japan said central banks operate in the markets to achieve their policy goals. As a result, the effectiveness of monetary policy depends on the sound…
Greenspan not worried over oil price
In a speech titled 'Oil' given on 15 October Fed chairman Alan Greenspan said the current surge in energy prices is likely to have far less of an impact on the economy than the oil shocks of the 1970s.
Canada's Dodge on nation building
In a speech on 'Nation building' given on 13 October, David Dodge of the Bank of Canada said this has been an exciting day for the Bank of Canada. This morning, we unveiled a new $50 note that celebrates nation building: shaping the political, legal, and…
Fed's Bernanke says floating exchange rates best
In a speech to the Cato Institute 22nd Annual Monetary Conference on Thursday 14 October Ben Bernanke said that the best course is generally to let exchange rates float freely and to make low and stable inflation a principal focus of monetary policy,…
Mendis on a common currency in the SAARC region
In the speech 'Is it time for a common currency in the SAARC region?' given on 20 August, Sunil Mendis of the Central Bank of Sri Lanka said as conservative central banks, our involvement in the forex markets is limited to strategic investments and…
St Louis Fed's Poole on FOMC transparency
In a speech on 'FOMC transparency' given on 6 October, William Poole of the Federal Reserve Bank of St. Louis said that statements from the Fed were not "iron clad" and it is important the market not interpret this statement as a commitment.
Trichet rules out 'corrective arm' on pact
In a speech on Tuesday 12 october, ECB president Jean-Claude Trichet, addressing a conference on the euro, voiced renewed opposition to any moves that might make it easier for eurozone members to breach their 1997 Stability and Growth Pact.
BoE's King: UK economy may be in 'soft patch'
Bank of England Governor Mervyn King said that five interest rate rises since November are slowing consumer spending, suggesting rates may not need to rise much further. His comments came in an interview after a speech in which he said the current…
Pakistan's Husain on South Asian economies
In a speech on 'Future challenges facing South Asian economies' given on 26 August, Ishrat Husain of the State Bank of Pakistan said South Asian countries have undergone remarkable improvement in their economic landscape during the last ten years or so…
Fed's Poole on population and social security
In a speech on 'World population trends and challenges' given on 4 October, William Poole of the Federal Reserve Bank of St. Louis said raising the age at which Americans can collect full Social Security benefits may be the best way to protect the long…
Ferguson on free trade: What do economists know?
In a speech on 'Free Trade: What Do Economists Really Know?' given on 7 October, Roger Ferguson of the Federal Reserve said he sees the current account deficit as a risk if it ends in a wrenching adjustment that strains Americans and spills over to other…
Fed's Bernanke: What have we learned since 1979?
In the speech 'Panel discussion: What Have We Learned Since October 1979?' given on 8 October, Ben Bernanke of the Federal Reserve said by doing what was necessary to achieve price stability, the Volcker Fed laid the groundwork for two decades, so far,…
Buba's Weber on the stability and growth pact
In a speech given on 27 September, Bundesbank president Axel Weber said that in his opinion the provisions of the Stability and Growth Pact are fundamentally appropriate. However, they have not always been enforced rigorously enough in the past.
Malta's Bonello on the cb & financial stability
In a speech on 'The Central Bank of Malta and financial stability' given on 13 September, Michael Bonello of the Central Bank of Malta said there are clearly several good reasons why sound regulatory and oversight practices remain vital for the stability…
Canada's Dodge on global economic developments
In a speech on 'Global Economic Developments and the Implications for Ontario' given on 7 October, David Dodge of the Bank of Canada said Canadian capital and financial markets need to become more efficient.
Fed's Bernanke on cb talk and monetary policy
In a speech on 'Central Bank Talk and Monetary Policy' given on 7 October, Ben Bernanke of the Federal Reserve said the Federal Reserve should take additional steps to be more transparent because monetary policy is more effective when the Fed gives the…
Fed's Greenspan on monetary policy after Oct 1979
In a speech on 'Monetary policy twenty-five years after October 1979' given on 7 October, Federal Reserve chairman Alan Greenspan praised former central bank chief Paul Volcker's "decisive action" against rising prices at a landmark meeting of the…
PBOC's Xiaochuan on anti-money laundering in China
In a speech on 'Anti-money laundering in China - the status quo and prospects' given on 27 August, Zhou Xiaochuan of the People's Bank of China said despite some achievements attained in China's anti-money laundering (AML) work, we are still facing very…
Inaugural speech by Argentina's Redrado
In a speech to his staff on 24 September, the new Governor of the Central Bank of Argentina, Martin Redrado, said he aims at creating and developing new challenges. He said his goals include consolidating the value of the peso as a clear value reserve…
Sri Lanka's Mendis on financial IT
In the speech 'A brief look at financial information technology' given on 8 September Sunil Mendis of the Central Bank of Sri Lanka said that in a market driven financial system, for information to be effective, there should be two vital ingredients,…
Fed's Ferguson on the personal saving rate
In a speech on 'Questions and reflections on the personal saving rate' given on 6 October, Roger Ferguson of the Federal Reserve said the large US current account deficit brings with it risks that a sharp adjustment in overseas demand for US assets could…
Canada's Jenkins on communication
In a speech on 'Communication: A Vital Tool in the Implementation of Monetary Policy' given on 30 September, Paul Jenkins of the Bank of Canada discusses the importance of public communication as a vital tool in the effective conduct of monetary policy.