Federal Reserve System
Greenspan says debate, openness must be balanced
Federal Reserve chairman Alan Greenspan said in response to questions from Congress that the FOMC works hard to balance policymakers' need to have private discussions about economic matters and investors' desire for transparency.
Greece's Garganas: ECB won't follow Fed rate rises
The European Central Bank won't follow the US Federal Reserve's practise of continuous interest rate hikes, Bank of Greece governor and ECB Governing Council member Nicholas Garganas said Friday 9 December.
Fed's Ferguson on asset price levels & volatility
In the speech 'Asset price levels and volatility: Causes and implications' given on 15 November Roger Ferguson of the Federal Reserve said the reduced volatility seen in overall economic activity since the mid-1980s does not seem to have carried over…
Fed's end to rate increases in 2006
Federal Reserve officials will gather on 13 December and for the 13th meeting in a row will raise interest rates by a quarter-percentage point, this article published Tuesday 6 December says.
Richmond Fed's Economic Quarterly, Fall 2005
The Federal Reserve Bank of Richmond has published its Economic Quarterly for Fall 2005. The latest issue includes the article 'Monetary policy and the term structure of interest rates'.
Fed's Olson on economic growth
In the speech 'Economic growth: Lessons from the Sioux Falls experience' given on 5 December Mark Olson of the Federal Reserve said the Fed can best promote a credit climate that fosters rural progress by maintaining an environment of low inflation.
Fed's Greenspan on international imbalances
In the speech 'International imbalances' given on 2 December Alan Greenspan of the Federal Reserve warned about the urgency for the United States to tackle its huge budget deficits to preserve the global economy's health.
Ferguson on recent changes in household finances
In the speech 'Recent changes in household finances and home lending' given on 18 November Roger Ferguson of the Federal Reserve said U.S. financial regulators should study why blacks tend to get more higher-priced mortgage loans than non-Hispanic whites.
How the Fed should steer the Bernanke transition
According to this article published on Monday 28 November, the minutes of the latest Federal Open Market Committee meeting, released last week, suggest the Federal Reserve is having some difficulty handling the transition to a new chairman.
Fed's Greenspan on budget policy
In the speech 'Budget policy' given on 2 December Alan Greenspan of the Federal Reserve said good short-term prospects for the U.S. economy should not distract from huge looming fiscal strains that pose "significant" economic risks.
Fed's Bies on developments in regulatory capital
In the speech 'Recent developments in regulatory capital' given on 30 November Susan Bies of the Federal Reserve said concerns raised by a US study of the effects of proposed Basel II bank capital standards may have delayed US implementation of the rules…
How should central banks communicate?
This European Central Bank Working Paper published on 25 November shows that central bank communication is a key determinant of the market's ability to anticipate monetary policy decisions and the future path of interest rates.
Change in Fed statement is coming (either way)
According to this article published on Monday 28 November, the part of the Fed's statement on the balance of risks to the Committee's objectives has degenerated, as have all the Fed's formulaic means of conveying an inter-meeting bias or long-term…
Fed's Ferguson: Market stress may affect policy
Federal Reserve Vice Chairman Roger Ferguson said in a speech released on Monday 28 November that central banks may consider changing interest rates if financial stresses on markets or institutions put financial stability at risk.
New York Fed to host regulation Seminar
The Federal Reserve Bank of New York will host a seminar to review Regulatory Reporting Best Practices as observed by Statistics Function staff on 12 January 2006.
The Bernanke Files
Since the White House announcement on 24 October, the Financial Markets Center has published a detailed package of four pieces on Ben Bernanke's nomination as Federal Reserve Chairman.
Richmond Fed directors re-appoint FAC member
G. Kennedy Thompson - chairman, president and CEO, Wachovia Corp., Charlotte, N.C. - was re-appointed on 18 November as the Fifth Federal Reserve District's representative on the Federal Advisory Council for 2006.
Bernanke for Asia? Mundell seems to think so
According to this article published on Thursday 24 Novemver, even before Ben Bernanke is confirmed as the next chairman of the Fed, a Nobel-winning economist has come up with a plan that seeks to make Alan Greenspan's successor the monetary boss of Asia…
Fed nominee's life rooted in numbers
The background and upbringing of Federal Reserve nominee Ben Bernanke is detailed in depth in this article published this week. From his counting ability at aged 3, to his decision to study economics rather than majoring in English at Harvard. While…
Interview with Richmond Fed's Lacker
In an interview published this week, Federal Reserve Bank of Richmond President Jeffrey Lacker said that as far as he is concerned it is clear "we're not done removing accommodation," suggesting US interest rates have further to rise.
Chicago Fed National Activity Index, October 05
The Chicago Fed National Activity Index for October 2005 was +0.73 up from -0.82 in September. All four broad categories of indicators that make up the index made positive contributions.
US rate outlook may change `before long'
Federal Reserve policy makers discussed the need ``before long'' to alter their outlook for U.S. interest rates, with some FOMC members concerned about the risk of raising it too much, minutes of their 1 November meeting showed.
Philadelphia Fed Business Outlook Survey, Nov 2005
According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, November 2005, activity in the region's manufacturing sector continues to expand.
Phil Fed's Survey of Professional Forecasters
The Federal Reserve Bank of Philadelphia published its Fourth Quarter 2005 Survey of Professional Forecasters on 14 November. Growth in the current quarter looks slower now than it did just three months ago, according to the 51 forecasters surveyed.