Federal Reserve System
Philadelphia Fed names new president
The Federal Reserve Bank of Philadelphia announced Tuesday 6 June that Charles I. Plosser, a professor of economics, has been named president of the Philadelphia Fed.
St Louis Fed's Central Banker, Summer 2006
The St. Louis Fed has published the Summer 2006 edition of its Central Banker magazine. In the article "Our strategic direction: The big picture" First Vice President Dave Sapenaro shares where the Bank is headed.
Chicago Fed's Moskow on the US economic outlook
In the speech 'US economic outlook and the role of inflation inertia' given on 2 June Michael Moskow of the Federal Reserve Bank of Chicago said US inflation will likely stay contained but is at the top end of the price-stability zone and interest-rate…
NY Fed's Geithner on uncertainty and transparency
In the speech 'Uncertainty and transparency in the conduct of monetary policy' given on 31 May Timothy Geithner of the Federal Reserve Bank of New York said the neutral range of U.S. interest rates is almost impossible to capture, making the near-term…
Kohn Senate hearing set for 8 June
The Senate Banking Committee said on Thursday 1 June that it will hold a hearing on the nomination of Federal Reserve governor Donald Kohn to be vice chairman at the Fed next Thursday.
Fed minutes show uncertainty on future hikes
Federal Reserve policymakers at their May meeting considered raising a key interest rate by half a percentage point before deciding on a quarter-point increase, minutes published Wednesday 31 May showed.
Bernanke subcommittee to explore communication
Federal Reserve chairman Ben Bernanke has called on three experienced Fed officials to explore a broad range of issues related to how the Fed talks to financial markets.
Former Fed chair Volcker faults US policy
Former chairman of the Federal Reserve Paul Volcker has said US policy abroad is too abrasive.
Fed's Olson on community development
In the speech 'Community development and the bigger picture' given on 25 May Mark Olson of the Federal Reserve said recent news on the U.S. economy has been positive on balance and forecasters expect activity to moderate to a more sustainable pace than…
Comment: May in Review
Inflation concerns and financial markets volatility returned in the month of May - central bankers around the world, in both the developed and developing world, are suddenly confronted with a very different environment.
Fed can't ignore stock, home prices says Bernanke
Fed chairman Ben Bernanke said in a written response to a senator that the US central bank cannot turn a blind eye to price changes for stocks and homes when deciding on interest rates, but should take action only when they threaten the overall economy.
Bernanke to deliver MIT's commencement address
Federal Reserve chairman Ben Bernanke will deliver the main commencement address at the Massachusetts Institute of Technology on 9 June.
Chicago Fed National Activity Index, April 2006
The Chicago Fed National Activity Index for April 2006, published 18 May, was +0.38 in April, up slightly from +0.35 in March.
Fisher on globalization's impact on U.S. growth
In the speech 'Globalization's impact on U.S. growth and inflation' given on 22 May Richard Fisher of the Federal Reserve Bank of Dallas said Washington policymakers don't understand how globalization has changed the world economy.
Fed's Olson on compliance risk management
In the speech 'Compliance risk management in a diversified environment' given on 16 May Mark Olson of the Federal Reserve said the Fed is pleased that large banks are creating senior positions to oversee whether institutions are in step with regulations…
Fed's Kroszner on innovative statistics
In the speech 'Innovative statistics for a dynamic economy' given on 24 May Randall Kroszner of the Federal Reserve said that Congress should spend money and seek new approaches to bring U.S. economic statistics into the new century.
SF Fed paper on the bond yield 'conundrum'
The Federal Reserve Bank of San Francisco Working Paper "The bond yield 'conundrum' from a macro-finance perspective," published May 2006, documents the extent and timing of the bond yield conundrum using two empirical no-arbitrage macro-finance models…
Bush has 'total confidence' in Bernanke
President George W. Bush has "total confidence" in Federal Reserve chief Ben Bernanke, a top White House adviser said in an interview on Thursday 25 May.
Chicago's Moskow on bank structure and competition
In welcoming remarks for the 42nd annual conference on bank structure and competition given on 18 May Michael Moskow of the Federal Reserve Bank of Chicago said products such as adjustable rate and no-money-down mortgages have helped boost U.S…
Fisher on the Trustees of America's potential
In a speech 'To the Trustees of America's economic potential' given on 20 May Richard Fisher of the Federal Reserve Bank of Dallas told students that they are living "in a world undergoing dramatic change."
Geithner on financial supervision and regulation
In the speech 'Principles to guide the future evolution of financial supervision and regulation' given on 19 May Timothy Geithner of the Federal Reserve Bank of New York said US financial institutions need to examine "the frontier of risk" to make sure…
Hoenig warns on rate overshoot - report
The Federal Reserve must guard against raising interest rates too high, Kansas City Federal Reserve President Tom Hoenig said Friday 19 May in an interview with the Wall Street Journal's Greg Ip.
Bernanke regrets 'lapse of judgment'
Federal Reserve chairman Ben Bernanke said Tuesday 23 May during a Senate Banking Committee hearing that he suffered a "lapse of judgment" when he spoke to a CNBC reporter recently.
Roach urges new monetary policy approach
In comments published on Monday 22 May, Stephen Roach of Morgan Stanley said he is worried that central banking's recent record will not be judged kindly by history.