Monetary Policy

Speech by A Santomero of Philadelphia Fed, 21 Aug

SPEECH - In a speech 'Economic Outlook for the U.S. & Berks County' given on Wednesday Santomero said that the Fed's current policy stance was appropriate and that the economic recovery should move forward even though it had been more modest than…

Speech by M Moskow, President, Chicago Fed, 21 Aug

SPEECH - Moskow said in a speech titled 'Economic Outlook' that "the Fed cannot - and should not - try to smooth out every bump," and warned that the path back to the economy's potential growth rate could be rocky. Moskow, who is not a voting member of…

African regional currency may take off in 2004

NIGERIA - The proposed West African Monetary Zone that would pave room for a single currency for the sub-region may take-off in 2004, Information and National Orientation Minister, Professor Jerry Gana disclosed in Abuja Thursday.

Paul Volcker a favourite for new accounting board

US - Paul Volcker, the former chairman of the Federal Reserve, has emerged as one of the front-runners to lead the new accounting oversight board created by the recently passed corporate reform bill, a government source confirmed with CNN on Friday.

Speech by Robert Parry, San Francisco Fed, 21 Aug

SPEECH - In a speech titled 'The Economic Outlook for the Nation and the Region: A Monetary Policymaker's View' Parry, who is a non-voting member of the Fed's policy committee, said "the Fed's monetary policy stance is quite stimulative right now, and I…

South Korean economy grows but pace slows

SOUTH KOREA - South Korea's economy grew 1.4 percent in the second quarter, down from a 1.9 percent rise in the previous three months, as growth in consumer spending and construction slowed, the central bank said on Thursday.

Thai central bank chief upbeat about progress

THAILAND - The managed float of the baht and inflation-targeting system are appropriate for setting monetary policy in current economic circumstances, according to M.R. Pridiyathorn Devakula, governor of the Bank of Thailand, reports the Bangkok Post.

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