Federal Reserve System
Goodfriend: interest on reserves best exit policy
Marvin Goodfriend offers Congress advice on how to exit from the Fed’s accommodative stance without disrupting markets
Warsh acknowledges Fed’s quasi-fiscal action
Governor suggests Fed’s crisis-fighting measures may have tested the boundaries of central bank’s ambit
Philly Fed: banking sector returns to profit
Report for fourth quarter notes bank failures also dropped
$500 billion reserve drain made crisis worse: IMF’s Ferhani
Deputy director says IMF research shows central bank reserve managers withdrew $500 billion from deposits at commercial banks during crisis
Central banks, not debt will kill growth: economist
Independent economist Roger Nightingale charges that debt on its own is not incompatible with growth, but raising rates will kill growth
Fed: credit availability increases among consumers
Federal Reserve director discusses developments in credit scoring study with Congress
Fed’s Kohn attacks higher inflation targets
Federal Reserve vice chairman also dismissive of price-level targeting; admits central bankers were “a little complacent” pre-crisis
Fed: smaller optimal weight should be placed on rental price inflation
San Francisco Fed paper suggests that nature of rental prices warrants change in the way inflation is measured
Yellen: Fed won’t inflate debt away
San Francisco Fed’s Janet Yellen tells LA town hall inflation will not run rampant so long as Fed retains independence
Euro should not covet reserve role
Panellists in CentralBanking.com web seminar say becoming a reserve currency would hamper recovery
Lockhart: Fed inflation anchor under threat
Atlanta Fed’s Dennis Lockhart warns that inflation expectations may be dislodged as a result of accommodative Fed stance
Central banks should oversee systemic risk
CentralBanking.com poll shows majority of respondents think central banks together with government bodies should be responsible for monitoring systemic risk
The bitter divide on inflation targeting
Economists are split over a recent suggestion that central banks should raise their inflation targets to allow more room for cuts in crises
Bernanke: too-big-to-fail problem “unconscionable”
Fed chairman Ben Bernanke calls for a revision of regulation on firms, which are “too big to fail”
King sees “room for improvement” in Bank’s communication
Bank of England governor Mervyn King defends the central bank’s fan charts, which have drawn criticism, but says it can still refine the communication of its forecasts
Fed must keep regulatory oversight: Bernanke
Federal Reserve chairman Ben Bernanke, criticises plans to strip the Fed of its regulatory powers
Fed chiefs unite in bid to keep wider bank supervision
Current Fed chairman Ben Bernanke and former head Paul Volcker say taking all but the biggest banks away from the central bank would be a mistake
US regulators issue liquidity guidelines
Federal Reserve and other regulators sign off framework for more stringent liquidity management
Fed: safety net is too big
Richmond Federal Reserve research flags dramatic expansion of safety net
Fed’s Hoenig dissents again
Kansas City Fed president disagrees with commitment to keep low rates for an “extended period"
Washington makes play to name NY Fed chief
Senate banking committee’s reform bill calls for greater accountability in Liberty Street, pares Fed’s supervisory role to large banks alone
Boston Fed: the housing portfolio effect
A study by the Boston Federal Reserve explains why Americans buy unaffordable homes when the housing market is appreciating
Yellen to replace Kohn as Fed vice chair?
Obama administration likely to pick arch dove to replace Kohn
The US banking practices falling behind
Boston Fed study urges US to invest more in payments technology to cope with the demands of the digital age