Federal Reserve System
Richmond Federal Reserve - Annual Report 2007
Following the retirement of the oldest members of the so-called "baby-boomer" generation, the Richmond Federal Reserve has taken the opportunity to ask if US citizens are saving enough.
No FX intervention in Q1 - NY Fed
The US monetary authorities did not intervene in foreign-exchange markets during the first quarter of 2008, the New York Federal Reserve said in its quarterly report to Congress.
St Louis Federal Reserve - Annual Report 2007
A retrospective conversation with William Poole, the outgoing president of the St Louis Federal Reserve, is one of the highlights of the institution's latest annual report.
Monetary policy accommodative: Fed's Evans
Charles Evans, the president of the Chicago Federal Reserve, has hinted that US interest rates are now low enough.
Bernanke wants Fed to pay interest on reserves
Ben Bernanke, the chairman of the Federal Reserve, wants to pay interest on banks' reserves to stop interbank charges falling below the federal funds rate.
NZ eases rules to ward off turmoil
The Reserve Bank of New Zealand has relaxed its collateral rules as a precaution against further tumult in global financial markets.
BIS starts Americas council
The Bank for International Settlements (BIS) has established a forum aimed at facilitating debate between the Basel-based institution and policymakers in the Americas.
Challenging idols won't win fans: Fed's Hoenig
Regulatory reform is likely to prove a desperately unpopular task for the Federal Reserve, Thomas Hoenig, the president of the Kansas City Fed, noted.
Fed has little control over rates
The Fed's ability to control short-term interest rates may be greatly exaggerated, research published by the St Louis Fed suggests.
Federal Reserve - Annual Report 2007
Policymakers expect US inflation to moderate in 2008 and 2009, with expectations remaining reasonably well anchored in spite of the recent pick-up in price growth, the Fed's annual report states.
Fed moves to protect borrowers
The Federal Reserve has proposed a raft of measures to clamp down on unscrupulous lenders and strengthen consumer rights.
Limiting foreclosures essential: Bernanke
Ben Bernanke, the chairman of the Federal Reserve, has called on both the public and private sector to do everything they can to limit preventable mortgage foreclosures.
Central banks announce third wave of joint action
In a clear message that the credit crisis is far from over, three leading central banks announced a further series of liquidity injections in a bid to restore money market spreads to normal levels.
Give Canadian CB more say on collateral: Carney
Mark Carney, the governor of the Bank of Canada, urged lawmakers to allow the central bank to broaden its list of eligible collateral to alleviate money-market tensions.
Fed cuts to 2%
The Federal Open Market Committee (FOMC) lowered rates by a quarter point on Wednesday.
Fed welcomes SWF investment
Scott Alvarez, the general counsel of the Federal Reserve, has told the US Senate that the central bank welcomed investments by foreign sovereign wealth funds in American banks and financial institutions.
Interest rate gap too large, says France
Christine Lagarde, the French minister of finance, has issued a guarded warning to the European Central Bank (ECB) not to raise rates.
San Francisco's Rudebusch on future of regulation
In this Fed Review, published by the Federal Reserve Bank of San Francisco, Glenn Rudebusch, a senior vice president at the central bank, discusses recent initiatives by the Fed to promote liquidity and tackle ongoing problem in credit markets.
Fed would examine SWF bank takeovers
The Federal Reserve would investigate any sovereign wealth fund taking a controlling interest in a US bank, Scott Alvarez, the general counsel at the central bank, said.
Does good governance improve performance?
Research published by the Philadelphia Federal Reserve finds no statistically significant relationship between a central bank's organisational structure and its performance.
Fed's Plosser on the benefits of education
Education is critical to the long-run well-being of our economy and everyone who participates in it, said Charles Plosser, the president of the Philadelphia Federal Reserve.
Fed's Kohn calls for tighter regulation
A relaxation in banking supervision has contributed to the current turmoil by altering the nature of risk, Donald Kohn, the vice-chairman of the Federal Reserve, said in a call to strengthen rules for investment banks.
Fed dissenter warns against "inflation remedy"
Richard Fisher, the president of the Dallas Federal Reserve and a voting member of the Federal Open Market Committee (FOMC), has said that he remains strongly reluctant to cut rates.
Dallas Federal Reserve - Annual Report 2007
Turning away from globalisation's call risks squandering a golden opportunity, writes Richard Fisher, the president of the Dallas Federal Reserve, in his opening letter at the start of the institution's 2007 annual report.