Federal Reserve System
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
NY Fed’s Sack prepares market for smooth exit
Markets head Sack says tightening cycle “like no other in history”
Kansas Fed heralds more stable banking sector
Stress indicator for financial sector shows further decline in February, moving it closer to its long run average
US flip flops on cutting Fed’s oversight role
Senate committee is set to take all but the 23 biggest banks out of Fed’s regulatory ambit, diluted proposal will see Fed hang on to more of its responsibilities than reform bill initially said
Regional Feds blame weather for slow recovery
Harsh weather conditions across the United States east coast in February dampened growth
Lawmakers clash over Fed role in consumer protection
Senior Democrats infuriated over possible revision to regulatory reform bill that would keep consumer protection under the Fed, against original promise
Discretionary policy with Calvo pricing: Kansas Fed paper
Kansas Fed research shows that sticky price models, such as the Taylor and Calvo variants, are not identical, and can have important policy implications
NY Fed welcomes fresh round of OTC targets
Dealers promise to clear vast majority of credit and interest-rate derivatives centrally
Fed’s Duke on lending to small business in the US
Duke optimistic of recovery in lending in 2010
Kohn to leave Fed in June
Federal Reserve’s Don Kohn to depart once his term as vice chairman ends
MPC’s Miles leaps to the defence of QE
Rate-setting committee’s external member David Miles says the Bank’s asset purchase programme has shored up the private sector despite focus on gilt purchases
Real-time activity index shows depth of recession
Philadelphia Fed paper constructs index of real-time macroeconomic information, showing that the recent recession was defined by its severity relative to its length
Taylor rule has not removed need for judgement: RBI’s Subbarao
Reserve Bank of India governor Duvvuri Subbarao says the celebrated monetary policy rule provides a policy basis, but central banks need to apply it with relativism