Federal Reserve System
Warsh on financial markets and the Federal Reserve
In the speech 'Financial markets and the Federal Reserve' given on 21 November Kevin Warsh of the Federal Reserve said the U.S. economy is still at risk of higher inflation, although market signals point to a gradual receding of price gains.
Fisher comfortable with current Fed policy
Federal Reserve Bank of Dallas president Richard Fisher said on Monday 20 November he was happy with the current policy stance of the U.S. central bank.
Milton Friedman, Nobel Prize winner, 1912-2006
Milton Friedman, a Nobel Prize winner, and one of the most influential economists of the 20th century, died in San Francisco on Thursday 16 November, aged 94.
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 July-September 2006, published 16 November, the U.S. monetary authorities did not intervene in the foreign exchange markets…
Dallas Fed chief sees dollar staying top currency
Federal Reserve Bank of Dallas President Richard Fisher said on Friday 17 November he does not expect a global shock that would be big enough to remove the dollar's status as the world's top currency.
Fed's Kroszner on conquest of worldwide inflation
In the speech 'The conquest of worldwide inflation: Currency competition and its implications for interest rates and the yield curve' given on 16 November Randall Kroszner of the Federal Reserve said better performance by central banks around the world…
Fed minutes show concern on curbing inflation
Keeping inflation under control remains the top concern for Federal Reserve policymakers, minutes published Wednesday 15 November showed.
Rubin, Volcker see shift away from dollar
Robert E. Rubin, Treasury secretary under President Bill Clinton, and former Federal Reserve chairman Paul Volcker have questioned whether foreign investors will keep increasing dollar holdings.
Bernanke seen as unlikely to push inflation target
This article from the Finanical Times, published Wednesday 15 November, says that fallout from the Democrats recent victories could include a slow down in Ben Bernanke's drive to lead the Federal Reserve towards adopting a numerical inflation target.
NY Fed to change Treasury holdings cap
The Federal Reserve Bank of New York said on Monday 13 November it was changing the limits on its holdings of U.S. Treasury securities in its portfolio.
Phil Fed's Survey of Professional Forecasters
The Federal Reserve Bank of Philadelphia published its Fourth Quarter 2006 Survey of Professional Forecasters on 13 November. The rate of growth in U.S. output over the next few quarters looks slower now than it did just three months ago, according to 51…
Iraqi central bank officials get skills boost
A five-day workshop offering training to officials from the Central Bank of Iraq was launched Monday 13 November in Bahrain.
Philadelphia Fed Business Outlook Survey, Oct 2006
According to the firms surveyed for the Philadelphia Fed's October 2006 Business Outlook Survey, the pace of activity in the region's manufacturing sector was generally steady in October.
Bernanke holds fewer political meetings
According to data gathered by an academic, Federal Reserve chairman Ben Bernanke is holding fewer political meetings than his predecessor, Alan Greenspan, did in the last five years of his term at the Fed.
ECB's Papademos on the conduct of monetary policy
In the speech 'The role of money in the conduct of monetary policy' given on 9 November Lucas Papademos of the ECB said a large and influential body of academic work has disregarded or deemphasised the role of money as a determinant of inflation, even in…
Bernanke on monetary aggregates & monetary policy
In the speech 'Monetary aggregates and monetary policy at the Federal Reserve: A historical perspective' given on 10 November Ben Bernanke of the Federal Reserve said the Fed will continue to monitor and analyse money growth even though the relationship…
'The Region' from the Minneapolis Fed, Sep 06
The Federal Reserve Bank of Minneapolis has published its regular magazine, The Region, for September 2006. The latest edition carries an interview with Harvard professor Martin Feldstein in which he comments on the current course of monetary policy and…
New York Fed announces Kos to leave
The Federal Reserve Bank of New York announced Wednesday 8 November that Dino Kos, the head of market operations, will resign to pursue interests outside the bank.
Interview with Richmond Fed's Jeffrey Lacker
In an interview with the Financial Times, published Wednesday 8 November, Richmond Fed president Jeffrey Lacker said the Federal Reserve has failed to communicate its determination to bring down inflation in a forceful enough fashion.
Econ Perspectives - Central counterparty clearing
The Chicago Fed's Economic Perspectives for the Fourth Quarter 2006 focuses on central counterparty clearing and includes a summary of the conference, titled "Issues related to central counterparty clearing."
Fed gets ambiguous data, no reasons for a change
Federal Reserve officials are likely to keep US interest rates unchanged at their next meeting, according to this article from Bloomberg published Tuesday 7 November.
Fed's Pianalto says US can withstand housing slump
The U.S. economy will withstand the housing slump and grow at a ``moderate'' pace with slowing inflation, Cleveland Federal Reserve Bank president Sandra Pianalto said Monday 6 November.
Kohn on the evolving role of the Fed banks
In the speech 'The evolving role of the Federal Reserve banks' given on 3 November Donald Kohn of the Federal Reserve said the current system of 12 decentralized Fed banks will continue to be needed despite changes in the banking system, but their role…
Bernanke sets out his stall
David Hale analyses the decisions Ben Bernanke has made and dilemmas he faces, as he begins to build his brand of monetary policy