Federal Reserve System
Fed after Greenspan will need skillful handler
An article published on Wednesday 31 August asks whether the next Fed chairman can possibly be as skillful as Alan Greenspan has been in using a discretionary approach to monetary policy.
ECB's Trichet on monetary policy
In the speech 'Monetary policy and 'credible alertness'' given on 27 August, Jean-Claude Trichet of the ECB defended the ECB's infrequent intervention in interest rates compared to the US Federal Reserve.
Atlanta Fed paper on credit and identity theft
This working paper from the Atlanta Fed looks at the phenomenon of identity theft. It says that ultimately society may have to find a level of theft that balances its preference for privacy with its tolerance for transaction fraud.
Olson says 'too early' to judge impact of Katrina
Federal Reserve Governor Mark Olson told reporters on Wednesday 31 August it was "too early" to make any comment on the impact of Hurricane Katrina on the U.S. economy.
Papers from 29th Kansas Fed Symposium
Papers presented at the Federal Reserve Bank of Kansas City's 29th annual economic policy symposium, The Greenspan Era: Lessons for the Future, held August 25 - 27 in Jackson Hole, Wyoming, were published on Wednesday 31 August.
Atlanta Fed on the origins of central banking
This Working Paper from the Atlanta Fed outlines a model of the first true central bank, the Bank of Amsterdam, founded in 1609. It describes how it was able to control inflation in seventeenth- and eighteenth-century Netherlands.
Greenspan's legacy - 'Greatest central banker'
This article published Monday looks at a paper presented at the recent conference held by the Kansas Fed in Jackson Hole. Although the paper criticises that "much of the secret of Greenspan's success remains a secret" - according to the article this is…
Greenspan on the Fed and the future
In closing remarks to the Jackson Hole symposium given on 27 August, Fed chairman Alan Greenspan said he will miss debates on the conduct of monetary policy with members of the Federal Open Market Committee.
Greenspan on the central banker's art
Alan Greenspan attributed the recent increase in asset values to investors' willingness to accept lower compensation for risk, as part of his opening remarks to the annual central bank symposium in Jackson Hole.
NY Fed to host credit derivatives powwow
The Federal Reserve Bank of New York is to hold a meeting with major banks to discuss issues in the credit derivatives market in September.
Philadelphia Fed Business Outlook Survey, Aug 2005
According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, August 2005, activity in the region's manufacturing sector continued to expand in August, at a somewhat faster pace than in July.
ECB behind BoE, Fed on clarity; must reveal more
This article published on Thursday 18 August reveals the results of a poll of economists and academics who were asked to compare the ECB with the Bank of England, U.S. Federal Reserve and Bank of Japan for clarity of communication.
Kohn to replace Gramlich on loan guarantee boards
Federal Reserve Board Chairman Alan Greenspan on Wednesday 17 August named Governor Donald L. Kohn to replace Governor Edward M. Gramlich as the Chairman's designee on four federal loan guarantee boards, effective 1 September.
Chicago Fed National Activity Index, July 2005
The Chicago Fed National Activity Index for July 2005 was +0.16 down from +0.40 in June. Three of the four broad categories of indicators that make up the index - employment, consumption and housing, and sales, orders, and inventories - made positive…
NY Fed conference on The Economics of Payments II
The Federal Reserve Bank of New York published on Thursday 18 August a call for papers for a conference on "The Economics of Payments II," being held from 29-30 March 2006.
Oil-market frenzy and the Fed
This editorial by The Washington Times, published on Tuesday 16 August, says the job of the Federal Reserve has become far more complicated today. Today, following years in which international financial markets have been increasingly integrated, global…
Phil Fed's Survey of Professional Forecasters
The Federal Reserve Bank of Philadelphia published its Second Quarter 2005 Survey of Professional Forecasters on 15 August. The economy in the second half of the year looks stronger now than it did three months ago, according to 53 forecasters surveyed.
Kansas Fed Paper on inflation targeters
The Kansas Fed Working Paper "Do we really know how inflation targeters set interest rates?" published July 2005 says under inflation targeting regimes other objectives that possibly conflict with the inflation goal are present.
Calvin Mitchell to take over New York Fed role
Calvin A. Mitchell III was named senior vice president of the Federal Reserve Bank of New York in charge of the bank's public information area on Monday 8 August.
Fed is content with size, pace of rate increases
This article published on Wednesday 10 August suggests why impatient analysts are wrong to complain that the Federal Reserve is raising interest rates too slowly.
Greenspan, her art-throb
Fascinated by the Federal Reserve chairman, this article looks at the work of an artist who has completed 20 paintings and sketches of Alan Greenspan. The artist then decided to display her works at a gallery on Long Island over the summer.
Italian economy minister wants ECB rate cut
Italy's deputy economy minister Mario Baldassari said he favours the European Central Bank cutting its interest rates, as well as the euro being valued at parity with the dollar.
Foreign central banks buying more US debt
Foreign central banks were big buyers of US debt in the latest week, swallowing up similar amounts of both Treasury and agency debt in what was the heaviest week of buying in 2-1/2 months, Federal Reserve data showed on Thursday 11 August.
New spokesman for the New York Fed
Peter Bakstansky has been the spokesman for the New York Fed for so long - 30 years, to be precise - that his impending retirement will be hard to get accustomed to, at least for any journalist.