Speech
Hoenig on macro aspects of financial supervision
In the speech 'Exploring the Macro-Prudential Aspects of Financial Sector Supervision' given on 27 April Thomas Hoenig of the Kansas Fed said he agreed with those who stress the need to take a systemwide or macro prudential view of financial market…
Fed holds rates, drops patient pledge
The Federal Open Market Committee decided Tuesday to keep its target for the federal funds rate at 1 percent. In its statement it dropped the "can be patient" phrase used previously, saying interest rates can rise "at a pace that is likely to be measured…
SNB's Hildebrand: Inside Europe, outside EMU
In the speech 'Inside Europe, outside EMU - Lessons and Outlook' given on 23 April, Philipp Hildebrand of the Swiss National Bank said a lesson that can be drawn from the UK experience is that it would be wrong for Switzerland to advocate an EMU…
Bies on current issues in corporate governance
In a speech on 'Current issues in corporate governance' given on 26 April, Susan Bies of the Federal Reserve said it was important for banks to ensure their processes for determining loan-loss reserves were solid.
Papademos on five years of the euro
In a speech on 'Five years of the euro: past achievements and future challenges' given on 27 April, Lucas Papademos of the ECB said today we mark "The Euro at Five". The accomplishments of those five years are already substantial, he said, and we are…
SF Fed's Parry on globalization
In a speech on 'Globalization: Threat or Opportunity for the U.S. Economy?' given on 29 April, Robert Parry of the San Francisco Fed said the US economy benefits from companies' decisions to move jobs overseas because it creates new employment…
Norway's Gjedrem on global economy
In a speech on 'Monetary policy and cyclical developments' given on 22 April, Svein Gjedrem of Norges Bank said there are clear signs that the global economy has passed the trough. It may take some time before interest rates are increased substantially…
Fed's Ferguson on global imbalances
In a speech on 'Global Imbalances' given on 23 Apri,l Roger Ferguson of the Federal Reserve said the probability of a disorderly decline in the value of the U.S. dollar is low and the American economy in general appears to be on track to remain in a …
Chicago Fed's Moskow on manufacturing prospects
In welcoming remarks to the Conference on Manufacturing Prospects given on 27 April Michael Moskow of the Chicago Fed said that it is too soon to know whether a slowing in Midwest manufacturing activity over the past few years can be linked to broader…
BoE's Barker on asset prices
In a speech given on 28 April, Kate Barker of the Bank of England's MPC downplayed concerns about a possible housing-market crash and high levels of household debt, which the International Monetary Fund has called a main risk to the UK economy.
Trichet on monetary policy issues, the ECB's view
In a speech on 'Issues in monetary policy: views from the ECB' given on 26 April, Jean-Claude Trichet of the ECB said Europeans' perception of inflation is greater than the reality. "Perceived inflation is higher then real inflation," Trichet said in the…
Fed's Greenspan on energy
In a speech on 'Energy' given on 27 April, Alan Greenspan of the Federal Reserve said the likelihood of persistently high energy prices would help check US energy use and lead businesses to rethink energy-related investment decisions.
Chicago Fed's Moskow on five years of the euro
In opening remarks to the "Five Years of the Euro: Successes and New Challenges" Conference given on 26 April Michael Moskow of the Federal Reserve Bank of Chicago said the five-year-old shared euro currency continues to pose challenges for its member…
Trichet on euro statistics & their use at the ECB
In a speech on 'Euro area statistics and their use for ECB policy-making' given on 23 April, Jean-Claude Trichet of the ECB said the ECB attaches great importance to timely and reliable euro area statistics as a basis for policy-making. Statistics are…
Canada's Dodge on financial services research
In a speech on 'Research in Financial Services and Public Policy-Filling the Gaps' given on 22 April, David Dodge of the Bank of Canada said Canada's economic health depends on a strong financial services sector. There are many research topics that are…
Cleveland Fed's Pianalto on monetary policy
In a speech on 'A perspective on monetary policy' given on 22 April, Sandra Pianalto of the Federal Reserve Bank of Cleveland said central banks can be more effective when they act as systematically and transparently as they can. Systematic and…
Canada's Dodge on growth policies in the Americas
In a speech on 'Economic and Financial Policies for Growth in the Americas: A Canadian Perspective' given on 19 April, David Dodge of the Bank of Canada said more open trade, appropriate structural policies, and sound macroeconomic policies all have an…
Chicago Fed's Moskow on the US economic outlook
In a speech on 'US economic outlook' given on 23 April, Michael Moskow of the Chicago Fed said the outlook for growth in 2004 is encouraging. A year ago, we were worried about unwelcome disinflation; that concern has now subsided.
Trichet testimony: ECB prepared for enlargement
In testimony before the European Parliament on the presentation of the ECB's Annual Report 2003 given on 27 April, Jean-Claude Trichet of the ECB said the ECB and the ESCB are well prepared both for EU enlargement itself and for the challenges that the…
Sweden's Heikensten on European banking
In a speech on 'The Integration of European Banking: Some Regulatory Challenges' given on 21 April, Lars Heikensten of the Sveriges Riksbank said in order to gain the full benefits of financial integration, we must build a regulatory framework which…
Fed's Bies on the economic outlook
In a speech on 'The Economic Outlook and Financial Health of Bank Customers' given on 22 April, Susan Bies of the Federal Reserve said recent indicators suggest that the pace of economic activity remains solid, while inflationary pressures continue to be…
Trichet on European Priorities: an ECB perspective
In a speech on 'European Priorities: an ECB perspective' given on 23 April, Jean-Claude Trichet of the ECB said that the ECB, its Governing Council, and the full body of the Eurosystem are doing all what they can for Europe to cope with its present…
Fed's Olson on the redesigned 2004 US $50 note
In a speech on 'Preview of the Redesigned Series 2004 U.S. $50 Note' given on 26 April, Mark Olson of the Federal Reserve said this $50 note is beautifully designed and includes important anti-counterfeiting features.
Bernanke on US economic outlook & monetary policy
In a speech on 'The economic outlook and monetary policy' given on 22 April, Ben Bernanke of the Federal Reserve said there are no signs of overheating in the U.S. economy, so inflationary pressures are likely to remain subdued. He said he was "sanguine"…