Federal Reserve System
Bernanke on the semiannual monetary policy report
In testimony to Congress given on 14 February Ben Bernanke of the Federal Reserve said the Fed was still debating how to improve its communication skills, and insisted that there was yet room for improvement.
Federal Reserve's Monetary Policy Report, Feb 2007
The Federal Reserve published its February 2007 Monetary Policy Report to the Congress on Wednesday 14 February. Ben Bernanke told Congress that the US economy should grow modestly this year and he maintained the Fed's forecast that inflation will…
Bernanke in a democratic lion's den
According to this article from Dow Jones, published Tuesday 13 February, Federal Reserve chairman Ben Bernanke will hope not to become a snack this week when he walks into a Democratic lion's den.
Phil Fed's Survey of Professional Forecasters
The Federal Reserve Bank of Philadelphia published its First Quarter 2007 Survey of Professional Forecasters on 13 February. Two measures of core inflation in the U.S. economy will decelerate in 2007 and hold nearly steady over the following two years,…
Cleveland Fed's new Head of Banking Supervision
Stephen Jenkins has been appointed senior vice president responsible for the banking supervision function at the Federal Reserve Bank of Cleveland, effective 1 March 2007.
Atlanta Fed names Lockhart as new president
The Federal Reserve Bank of Atlanta announced Thursday 8 February that it has picked Dennis Lockhart, a 17-year veteran of Citigroup and now a professor of international business at Georgetown University as its new president.
Bies to leave Fed at end of March
Susan Bies announced Friday 9 February that she will leave the Board of Governors of the Federal Reserve at the end of March.
Chicago Fed Letter, March 2007
The article "Globalization and the benefits of trade" published in the Federal Reserve Bank of Chicago's Letter, March 2007, examines the benefits and costs to the U.S. and other countries of globalization.
Fed's Bernanke on economic well-being
In the speech 'The level and distribution of economic well-being' given on 6 February Ben Bernanke of the Federal Reserve said education, not protectionism, is the best weapon in the fight against rising income-inequality.
Fed's Moskow says Chicago lagging US on growth
A top Fed official said Tuesday 6 February in a speech that Chicago lags behind the rest of the US, making it imperative for city officials to pursue more adaptable policies.
Chicago Fed's Economic Perspectives, First Q 2007
In 'Bubble, bubble, toil, and trouble' Cabray Haines and Richard Rosen note that the rapid rise of real estate prices in recent years has led to fears of a housing price bubble. But to determine whether there has been a bubble-and whether the bubble is…
Monetary policy inertia and recent Fed actions
The Federal Reserve Bank of San Francisco's Economic Letter for 03-2007 describes and assesses two interpretations of recent monetary policy actions by the Federal Reserve.
New York Fed's Foreign Exchange Operations Report
According to the Federal Reserve Bank of New York's Treasury and Federal Reserve Foreign Exchange Operations quarterly report for October-December 2006, published 1 February, the U.S. monetary authorities did not intervene in the foreign exchange markets…
Report says Fed debating 'soft' inflation target
Federal Reserve officials have discussed whether an implicit, or "soft" inflation target might be preferable, the Wall Street Journal reported on Friday 2 February.
Lewis named as Richmond Fed deputy chair
The Federal Reserve Board of Governors on Wednesday 31 January named a new deputy chairman of the Federal Reserve Bank of Richmond.
Ex-Fed's Rivlin says Bernanke gets an 'A'
"In general, I think he's doing a very good job...I think he gets an A on several different grounds," former Federal Reserve vice chairwoman Alice Rivlin told Kyodo News in an interview published Monday 29 January, ahead of the anniversary of Bernanke's…
Greenspan promotes stronger Chinese yuan
China may improve the stability of its economy by allowing the yuan to rise faster, Alan Greenspan, former chairman of the U.S. Federal Reserve, said Monday 29 January via video link at a conference in Shanghai organized by UBS AG.
Fed has yet to set target on inflation
According to this article from The New York Times, published Tuesday 30 January, as Ben Bernanke celebrates his first anniversary as Fed chairman, the US central bank is still far away from acting on his major proposal.
Kansas Fed's Hoenig on monetary policy in 2007
In the speech 'The national economy and monetary policy in 2007' given on 19 January Thomas Hoenig of the Federal Reserve Bank of Kansas City said there has been a discrepancy lately between the views of FOMC members, as summarised in the Committee's…
US imbalances: the role of technology and policy
This ECB Working Paper published Thursday 25 January investigates the role of three likely factors in driving the steady deterioration of the US external balance: US technology developments, changes in the US government fiscal position and the Fed's…
Moskow sets retirement, leaving fourth Fed opening
This article published Monday 22 January by Bloomberg notes that Federal Reserve Bank of Chicago president Michael Moskow's departure will leave a fourth high-level opening at the central bank.
Noyer says no conflict on price stability, growth
Bank of France governor and ECB governing council member Christian Noyer told the Liberation newspaper on Tuesday 23 January current monetary conditions are favourable for growth and there is no conflict between price stability and economic growth.
Chicago Fed National Activity Index, December 2006
The Chicago Fed National Activity Index for December 2006, published 22 January, was +0.04 in December, up from -0.30 in November. Three of the four broad categories of indicators in the index made negative contributions.
Bies on the economic outlook, mortgage market
In the speech 'Economic outlook and developments in mortgage markets' given on 18 January Susan Bies of the Federal Reserve said weakness in U.S. home building appears not to have spilled over to other sectors, while a slowing in broader price rises is…