Federal Reserve System
Fed's Stern cautions on response to turmoil
Rating agency reform in the wake of the subprime debacle could cost the economy more than doing nothing, Gary Stern, the president of the Minneapolis Federal Reserve, has warned.
Koruna's rise unsustainable - Czech's Tuma
Zdenek Tuma, the governor of the Czech National Bank, has described the koruna's appreciation against the euro and dollar as unsustainable.
US subprime conditions set to worsen - Kroszner
Randall Kroszner, a governor of the Federal Reserve, warned on Friday that conditions in the US mortgage market had yet to reach rock bottom. Speaking in New York, Kroszner said that there were two reasons why he believed market conditions would worsen:…
Fed makes biggest injection since 9/11
The New York Federal Reserve injected $47.25bn on Thursday, the biggest daily amount since 19 September 2001, but got most of it back as previous repos matured.
Fed to offer more insight into decision making
The Federal Reserve is to give the public more insight into how the rate-setting Federal Open Market Committee (FOMC) decides on monetary policy.
Basel II will strengthen US markets: Kroszner
Basel II's introduction will enhance financial stability in the United States, says Randall Kroszner, the governor responsible for regulation at the Federal Reserve.
Scrap agencies' role in Basel: ex-UK rate-setter
Basel II needs to go back to the drawing board before it is even out of the blocks because of rating agencies' influence in the framework, says Willem Buiter, a former member of the Bank of England's monetary policy committee, now a professor at the…
Central Banking in the USA
Michael Woodford talks to Malan Rietveld about how the Federal Reserve makes monetary policy
Central banks criticised for communication failure
The world's most powerful central banks were inconsistent in their communication and lacked coordination during the summer's market turmoil, Richard Portes, one of the authors of an influential report on international financial stability, said on Monday.
Small business success vital for US: Mishkin
The health of the United States economy is partly reliant on small businesses still having access to credit on competitive terms, according to Frederic Mishkin, a governor at the Federal Reserve.
Bernanke gives gloomy forecast for US growth
Ben Bernanke, the chairman of the Federal Reserve, said on Thursday that the United States economy would slump in the coming months.
The only way is down
Avinash Persaud, the chairman of Intelligence Capital, a financial advisory firm, predicts the dollar will drop to $1.70 against the euro and $2.20 against sterling before central banks intervene.
Time will prove Fed right, says Lacker
History will judge the Federal Reserve's decision to cut its discount rate by 50 basis points favourably, according to Jeffrey Lacker, the president of the Richmond Fed.
Fed finally gives Basel II the green light
The Federal Reserve Board on Friday approved the American version of the Basel II framework on risk-based capital requirements. It is the last of the Group of Ten countries, which developed the framework, to do so.
Inflation ahead, warns Greenspan
Central banks must hike rates in order to curb global inflation, Alan Greenspan, the former chairman of the Federal Reserve, warned on Tuesday.
Qatar may not track Fed moves
In comments that throw the future of a currency union in the Gulf in further doubt, the governor of the Qatari central bank has suggested the central bank could deviate from its usual practice of shadowing the Fed's monetary policy decisions.
Financial market perceptions of recession risk
Corporate credit spreads embed key information about the likelihood of recession one year ahead.
The Federal Reserve and the crisis of 2007
Stephen G. Cecchetti reviews the unfolding of the recent credit market turmoil and the Federal Reserve’s response to it. The Fed, he suggests, got it right
Interview: Michael Woodford
The Columbia University monetary economist talks to Malan Rietveld about central banking in the United States
Dollar at all-time low against euro after Fed cut
The greenback reached a record low against the euro following the Federal Open Market Committee's decision to cut rates by 25 basis points. At its peak, the euro was worth 1.4504 against the dollar on Thursday.
How monetary policy responds to uncertainty
Under conditions of uncertainty, optimal monetary policy responds more to price and wage inflation than to natural-rate terms, according to research published by the Federal Reserve.
The impact of innovation on systemic risk
The pace of financial innovation has led to an increasingly complex and interconnected financial system. But what effect does this have on systemic risk?
Fed cuts rates despite strong growth
The Federal Open Market Committee (FOMC) decided on Wednesday to cut the federal funds rate by 25 basis points to 4.5% in spite of better-than-expected economic growth for the third quarter.
Japan rate hike unlikely after unemployment rises
The Bank of Japan's plans to raise rates may have to be put on hold again after government data on Tuesday revealed a 0.2% increase in the unemployment rate.