Federal Reserve System
NY Fed paper investigates decline in adjustable-rate mortgage
New York Federal Reserve says supply-side factors explain decline in market share of adjustable-rate mortgages in recent years
Boston Fed’s Rosengren parries inflationary fears
Boston Federal Reserve president Eric Rosengren says latest quantitative easing programme is not inflationary
Research underestimates probability of reaching zero bound: San Francisco Fed
San Francisco Federal Reserve paper says probability of hitting the zero lower bound of interest rate is often underestimated in economic research
Federal Reserve – Beige Book (January 2011)
Reports from twelve districts identify slight improvement in labour markets
Fed uncooperative and audit insufficient, claims influential senator
US senator Bernie Sanders dissatisfied with Federal Reserve’s response to further questions on audit of emergency lending facilities
Fed profits soar to record $80.9 billion
Federal Reserve posts another record profit, trumping 2009 by $27.5 billion; paves the way for $78.4 billion transfer to US Treasury
Labour market essential component of recovery: NY Fed’s Tracy
New York Federal Reserve executive vice-president Joseph Tracy says shape of US economic recovery relies on labour market improvements
It's the forest stupid
Dodd Frank fails to deal with systemic risk, former chairman of the Federal Deposit Insurance Corporation William Issac argues
What Basel III means to us
The Basel Committee on Banking Supervision published the final text of Basel III on December 16, which introduces new minimum capital requirements, two liquidity ratios, a charge for credit value adjustment and a leverage ratio, among other things. Risk…
QE2 will create jobs, Yellen tells critics
Federal Reserve vice-chair Janet Yellen says further quantitative easing will address weak labour demand and generate roughly 700,000 jobs
Unemployment to weaken recovery: Bernanke
Federal Reserve chairman Ben Bernanke says moderate economic recovery is likely to keep unemployment high
NY Fed: US consumers ease debt burdens
New York Federal Reserve study measures scope of consumer indebtedness and impact of credit issuance
Fed’s full employment mandate in the crosshair
US congressman Paul Ryan takes aim at Federal Reserve’s dual mandate, will put forth bill calling for full employment aim to be abandoned
US growth outlook encouraging, says Kansas City Fed’s Hoenig
Kansas City Federal Reserve president Thomas Hoenig says US expected to grow at moderate pace in next few years
Fed study on minimum wage and inequality
Federal Reserve study says impact of minimum wage declines on inequality in United States overstated
Brazil steps up efforts to ease real gains
Central Bank of Brazil raises reserve requirements on domestic banks' foreign exchange position in bid to halt real appreciation
Obama determined to appoint Diamond to Fed board
United States President Barack Obama pushes for third nomination of Nobel laureate Peter Diamond to Federal Reserve Board
MBS purchase programme sent strong signal to mortgage market: Fed paper
Federal Reserve study says mortgage-backed security purchase programme had strong signalling effect on mortgage bond market
Chile unveils strategy for series of interventions
Central Bank of Chile to buy $12 billion-worth of foreign currency in bid to halt peso’s appreciation; peso dips sharply
FOMC minutes highlight ‘high threshold’ to shifting QE stance
Minutes of Federal Open Market Committee December meeting underline desire to use all $600 billion set aside for the central bank’s second round of quantitative easing
Fiat money, central banking and the Bank of Amsterdam: Atlanta Fed research
Atlanta Federal Reserve paper uses Bank of Amsterdam example to explore effects of fiat money on central bank functions
Number of central bankers on the rise
Central banks increase staff, reversing decade-long downsizing trend
Fed extends temporary dollar swap lines
Dollar swap lines reopened with five central banks in May will remain in operation until August 2011, seven months past original date of expiry
Philadelphia Federal Reserve – Livingston Survey (December 2010)
Philadephia Federal Reserve’s biannual survey of economists shows expectations of high unemployment, low inflation in 2011