Federal Reserve System
How the US can abate anger at bankers' bail-out
Brendan Brown, the chief economist at Mitsubishi UFJ Securities, offers two remedies to temper public outrage at the bail-out of Wall Street.
A new monetary policy for the Fed
Jane D'Arista, an economist, has proposed a new countercyclical method of monetary control to enhance the Federal Reserve's ability to respond to credit contractions and expansions, in a new paper published by the University of Massachusetts Amherst.
Stiglitz laments US's "bogus" bailouts
Joseph Stiglitz, the 2001 Nobel Laureate, tells CentralBanking.com why the US administration must set up its own lender and stop pandering to the banks if it is to fix the economy.
Bernanke admits Fed failed in regulatory role
Ben Bernanke, the chairman of the Federal Reserve, has acknowledged that the central bank could have done a better job in preventing the financial crisis.
New measures for housing inflation needed
Policymakers lack appropriate measures of inflation for the market in owner-occupied housing services, argues a new paper form the Philadelphia Federal Reserve.
AIG succumbs to political will, names recipients
In a surprise move, American International Group (AIG), a beleaguered insurer, has revealed the recipients of $105.3 billion-worth of federal funds after coming under intense pressure from politicians to do so.
Fed's Braunstein urges caution on lending rules
Any new laws on lending practices need to carefully target abuses without unduly restraining responsible credit, said Sandra Braunstein, the director of the division of consumer and community affairs of the Federal Reserve.
AIG cutting costs, Bernanke assures senator
Ben Bernanke, the chairman of the Federal Reserve, has moved to soothe Congressional anger over the bailout of American International Group (AIG), saying that the beleaguered insurer had been forced to adhere to strict cost-cutting measures, according to…
NY Fed names new senior VP for cash and custody
James Narron is the new senior vice president responsible for the cash and custody function at the New York Federal Reserve.
Bernanke moots Fed for systemic-risk role
Ben Bernanke, the chairman of the Federal Reserve, on Tuesday called for the Fed to be involved in "some capacity" in monitoring system-wide threats to financial markets. His comments came as part of a raft of proposals to overhaul regulation in America…
One-sector inflation model insufficient
One-sector models for determining the optimal rate of inflation are insufficient, finds a new paper from the Richmond Federal Reserve.
De Grauwe fears beggar-thy-neighbour policies
A lack of coordination between the world's leading central banks in the current crisis raises concerns over a return to beggar-thy-neighbour policies, a leading European economist has argued.
NY Fed's Dudley: deleveraging not over
The deleveraging process in the global financial system is still far from complete, said William Dudley, the president of the New York Federal Reserve.
AIG loan difficult and uncomfortable: Fed's Kohn
The Federal Reserve's rescue of American International Group has entailed very difficult and uncomfortable decisions for a central bank, Donald Kohn, the vice-chairman of the Fed, told Congress on Thursday.
It's his way or the highway for Bernanke
Ben Bernanke, the chairman of the Federal Reserve, will travel to his hometown of Dillon, South Carolina, over the weekend to see an interchange renamed in his honour.
ICE's CDS clearing plan gets Fed's approval
The Fed has accepted a bid by ICE Trust - an amalgam of an exchange operator, a provider of clearing services and eight banks - to run a central counterparty and clearing house for the global credit-default-swap (CDS) market.
Name and shame borrowers: senator tells Fed
Bernie Sanders, a senator representing the state of Vermont, has blasted Ben Bernanke, the chairman of the Federal Reserve, for refusing to disclose the recipients of Fed funds.
Unconstitutional Fed aid a threat to independence
The Federal Reserve risks incurring the wrath of Congress and limiting its independence with its credit policy, Jeffrey Lacker, the president of the Richmond Federal Reserve and a voting member of the Federal Open Market Committee, has warned.
Fed forced to drop tough loan rules to save AIG
The Federal Reserve has had to relax the terms of its support to American International Group (AIG) in its latest bid to save the world's largest insurer.
Cut out the toxic assets: Fed's Rosengren
Banks' toxic assets urgently need to taken off their balance sheets, Eric Rosengren, the president of the Boston Federal Reserve, has said.
Fed's TSLF fulfils its functions
Federal Reserve's Term Securities Lending Facility (TSLF) is effective in improving market liquidity, finds a new paper form the New York Federal Reserve.
Sovereign risk exacerbates procyclicality
The risk premium associated with the possibility of sovereign default plays a key role in the procyclicality of fiscal policy in emerging economies, finds a new paper from the Richmond Federal Reserve.
Reducing foreclosures essential - Fed's Duke
We need to strengthen and augment our efforts to reduce preventable foreclosures, said Elizabeth Duke, a governor at the Federal Reserve.
BoE's Tucker: end bickering over CDS clearing
Paul Tucker, the soon-to-be deputy governor responsible for financial stability at the Bank of England, has called on officials to stop feuding over plans to create a central counterparty for credit default swaps (CDS).