Federal Reserve System
Central bank intervention and ex rate volatility
The St Louis Fed Working Paper "Central bank intervention and exchange rate volatility, its continuous and jump components" analyses the relationship between interventions and volatility at daily and intra-daily frequencies for the two major exchange…
A hands-off central banker?
According to the Working Paper "A hands-off central banker? Marriner S. Eccles and the Federal Reserve Policy, 1934-1951" published April 2006, the Federal Reserve after 1935 acquired new instruments to command monetary policy, but it did not change its…
Wages no bar to Fed pause after move tomorrow
There's no reason for Federal Reserve officials to stop thinking about a pause in raising interest rates after going to 5 percent when they meet tomorrow (Wednesday), according to this article published Tuesday 9 May.
Former Fed economist urges more transparency
There is cautious optimism that Federal Reserve chairman Ben Bernanke will bring real transparency to the US central bank, this article published Monday 8 May says.
Bush sees no credibility problem for Bernanke
US President George Bush said in an interview on Friday 5 May that new Federal Reserve chairman Ben Bernanke did not have a credibility problem.
Kansas Fed's Payments system research briefing
The Kansas City Fed's Payments system research briefing for May 2006, examines the potential for fraud associated with various "traditional" payment methods and the protective measures that consumers should take when using them.
U.K. inflation targeting and the exchange rate
This St Louis Fed Working Paper, published May 2006, considers whether it is welfare-reducing to target inflation in the CPI rather than in a narrower index.
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 January-March 2006, published 4 May, the U.S. monetary authorities did not intervene in the foreign exchange markets during…
Chairman Bernanke's clarity issue
According to this article published Thursday 4 May, while Ben Bernanke is unlikely to make radical changes in the statement issued after the next FOMC meeting, Fed watchers say he could aid his cause by eventually disclosing the central bank's forecasts…
Fed's Bies on current bank capital and market risk
In the speech 'Supervisory perspective on current bank capital, market risk, and loan product issues' given on 4 May Susan Schmidt Bies of the Federal Reserve said top bank managers must be involved to make sure their institutions' exposure to risks is…
Bernanke couldn't be clearer -- You hear that?
According to this article published on Wednesday 3 May, although virtually all reporters treat discussions at social events as being off-the-record, Ben Bernanke wasn't cautious enough about the ground rules when he chatted with journalists at the recent…
Fed and ECB communications stumble
Things have gone somewhat awry the past month for major central banks which pride themselves on clear communications, this article published on Tuesday 2 May reports.
Fed's Bernanke on community revitalization
In the speech 'Community revitalization: Lessons from Anacostia' given on 3 May Ben Bernanke of the Federal Reserve said reviving economically distressed communities takes teamwork between the government and private developers and a creative vision of…
Fed's pause may send Asian currencies higher
With Federal Reserve chairman Ben Bernanke signalling a pause in U.S. interest-rate increases, the spotlight is once again on Asia, according to this article published on Tuesday 2 May.
Comment: Bernanke slips up
Ben Bernanke has had to learn very fast indeed. An alleged "off the record" remark has triggered a frenzy in financial markets.
Federal Reserve Bank of Chicago - Annual Report 05
Federal Reserve policy has attained one of the benefits often attributed to formal inflation guidelines: well-anchored inflationary expectations, Chicago Fed President Michael Moskow said in an essay in the bank's 2005 annual report.
Atlanta's Guynn says Fed journey ending
The Federal Reserve's journey to bring interest rates back to a more normal setting is almost complete, if the economy performs as expected in coming weeks and months, said Jack Guynn, the president of the Atlanta Federal Reserve on Monday 1 May.
Markets misunderstand testimony says Bernanke
Federal Reserve chairman Ben Bernanke believes that the media and the markets have misinterpreted his words last week as a signal that the Fed would stop after one more rate hike, according to CNBC anchor Maria Bartiromo on Monday 1 May.
Bernanke delivers 'There may come a time' speech
According to this article published on Friday 28 April , Fed chairman Ben Bernanke has given his version of Greenspan's "there may come a time" speech, suggesting the Fed could pause in its campaign to raise rates.
Fed's Bies on enterprise risk management
In the speech 'A bank supervisor's perspective on enterprise risk management' given on 28 April Susan Schmidt Bies of the Federal Reserve said the fast growth in commercial real estate lending by U.S. banks could lead to problems somewhere down the road.
Fed's Kohn on business capital spending
In the speech 'Business capital spending' given on 27 April Donald Kohn of the Federal Reserve said solid business investment should prevent U.S. economic growth from easing too abruptly as the housing sector slows.
We hardly knew ye, conundrum; Now you're gone
According to this article published on Thursday 27 April, once Alan Greenspan was no longer around to articulate hypothetical explanations for the long-rate conundrum, it vanished with the former Fed chairman.
Federal Reserve Board - Beige Book, April 2006
The Federal Reserve published its April 2006 Beige Book survey on 26 April. U.S. economic activity continued to expand across the country in March and the first half of April, but higher energy prices put pressure on costs, the report said.
Nacha honours Fed vice chairman Roger Ferguson
The Electronic Payments Association will present its 2006 George Mitchell Payments System Excellence Award to Roger Ferguson, Vice Chairman of the Federal Reserve, who is completing his service to the Federal Reserve and the U.S. payments system on 28…