Federal Reserve System
NY Fed's Geithner on risk management challenges
In the speech 'Risk management challenges in a changing financial environment' given on 5 April Timothy Geithner of the Federal Reserve Bank of New York said economic stability should not make investors complacent to the possibility of future financial…
St Louis Fed's Regional Economist, April 2006
The Regional Economist, April 2006 edition, from the St Louis Fed includes the article "Is the U.S. current account deficit dangerous?". Although this deficit has been rising steadily since the early 1990s, a "hard landing" for the U.S. economy is…
Columbia economist linked to Fed board
The Federal Reserve is reported to be considering appointing former Columbia University economist and ex-Federal Reserve Bank of New York senior staff member Frederic Mishkin as vice chairman of the Fed's board.
Is the ECB so special?
The paper "Is the ECB so special? A qualitative and quantitative analysis" analyses the European Central Bank (ECB) monetary policy over the period 1999-2005, both from a qualitative and a quantitative perspective, and compares it with the Federal…
Fed's Poole: Inflation rise difficult to reverse
William Poole said on Friday 7 April that it would be more difficult for the Federal Reserve to deal with a spike in inflation than a softening of growth.
Chicago Fed's Moskow on the US economic outlook
In the speech 'U.S. economic outlook and the current account deficit' given on 6 April Michael Moskow of the Federal Reserve Bank of Chicago said the U.S. economic outlook looks good for the next couple of years, with growth self-sustaining and inflation…
Chicago's Moskow on central counterparty clearing
In the speech 'Public policy and central counterparty clearing' given on 4 April Michael Moskow of the Federal Reserve Bank of Chicago said new clearing arrangements are emerging all the time.
Kroszner on geographic restrictions on banking
In the speech 'The effect of removing geographic restrictions on banking in the United States: Lessons for Europe' given on 6 April Randall Kroszner of the Federal Reserve said the U.S. experience with the change in its banking structure holds…
'Dissolving' Fed secrecy
According to this article published on Wednesday 5 April, in 2000, when Wall Street's bubble burst, Federal Reserve Chairman Alan Greenspan and other Fed officials revealed in their meetings plenty of concern about just where things might be headed.
Fed's Bernanke on financial education
In the speech 'Financial education and the National Jump$tart Coalition Survey' given on 5 April Ben Bernanke of the Federal Reserve said financial literacy for both the young and old is a topic of vital importance to the nation's economic future.
Richmond Fed's Lacker on the economic outlook
In the speech 'The economic outlook' given on 4 April Jeffrey Lacker of the Federal Reserve Bank of Richmond said the U.S. economy looks set for healthy gross domestic product growth of about 3.5 percent in 2006, despite some cooling in the housing…
Feds Hoenig says 'close to where we need to be'
Interest rates are very close to appropriate levels after 15 straight meetings with quarter-point rate hikes, said Thomas Hoenig, the Kansas City Fed president.
Fed's Kroszner on central counterparty clearing
In the speech 'Central counterparty clearing: History, innovation, and regulation' given on 3 April Randall Kroszner of the Federal Reserve said in recent years, public policymakers have demonstrated growing interest and concern about the effectiveness…
Philly Fed chief Santomero departs
According to this article published on Friday 31 March, Philadelphia Federal Reserve Bank president Anthony Santomero steps down during a phase of unusually high turnover at the U.S. central bank.
Bernanke may prove hawk in dove's clothing
This article published on Wednesday 29 March reports that some commentators are saying the first few glimpses into the new Fed chairman's thinking suggest he may yet turn out to be more of a hawk than many predicted.
Understanding Fed statement is like child's play
According to this article published on Wednesday 29 March, Federal Reserve chairman Ben Bernanke didn't quite achieve his goal of full transparency in his first time at bat this week.
Comment: Exposed currencies cause jitters
The Central Bank of Iceland raised interest rates by 75 basis points last week. The central bank is concerned over the possibility of further declines in the Icelandic krona, which has fallen 12% against the US dollar this year.
Fed's Bies on sound capital and risk management
In the speech 'Sound capital and risk management' given on 29 March Susan Schmidt Bies of the Federal Reserve said the Fed is committed to maintaining strong bank capital levels as institutions make the transition to standards under new Basel II capital…
Fed raises rates again
The Federal Open Market Committee decided Tuesday 28 March to raise its target for the federal funds rate by 25 basis points to 4-3/4 percent.
Comment: More of the same from Bernanke
The Fed completed its first monetary policy meeting under the chairmanship of Ben Bernanke on Tuesday 28 March. The 25 basis point increase - taking US rates to 4.75% - was a mere formality, but Fed watchers were preparing to pore over the accompanying…
Fed introduces new kids' web page
The Federal Reserve Board on Monday launched a new kids' web page designed to educate middle school students about the Board of Governors of the Federal Reserve System.
Bernanke ponders his course
According to this article published on Thursday 23 March, the way ahead for the Fed's policy committee is less obvious now. The US central bank has a new captain, Ben Bernanke, several new crew members and an increasingly uncertain course to steer, it…
Indra Nooyi elected to NY Fed Board of Directors
Indra Nooyi, president and chief financial officer of PepsiCo, Inc., was elected to the board of directors of the Federal Reserve Bank of New York on Thursday 23 March.
Dollar risk not 'worrisome' says Bernanke
Federal Reserve chairman Ben Bernanke said in a 21 March letter that a possible decline in the dollar because of less foreign investment wouldn't have a "worrisome" effect on the U.S. economy.