Federal Reserve System
The Art of Targeting Inflation
RESEARCH - The Federal Reserve Bank of Cleveland's Central Bank Institute has published the paper "The Art of Inflation Targeting" by Lars Heikensten and Anders Vredin. The paper describes the Riksbank's transition to inflation targeting and explains how…
Ferguson on Rules and Flexible Monetary Policy
SPEECH - In the speech 'Rules and Flexibility in Monetary Policy' Roger Ferguson of the Federal Reserve said over the past twenty-five years some important consensuses have been achieved on the best way to conduct monetary policy. Central banks have…
Fed Reserve Bank of St Louis Review, Jan/ Feb 2003
PUBLICATION - The latest edition of the St Louis Fed's Review for January-February 2003 includes articles titled "The Impact of Changes in FOMC Disclosure Practices on the Transparency of Monetary Policy: Are Markets and the FOMC Better "Synched"?" and …
McDonough on Implementing the New Basel Accord
SPEECH - In the speech 'Implementing the New Basel Accord' William McDonough of the Federal Reserve Bank of New York said the success of the New Accord will be directly attributable to the enormous support and assistance provided by both bankers and…
KC's Fed Reserve Bank joins economic conference
Economists from the Federal Reserve Bank of Kansas City will make presentations at a free conference Thursday in Jefferson City titled "Raising the Economic Speed Limit."
Bies on financial markets and corporate governance
SPEECH - In the speech 'Financial Markets and Corporate Governance in the United States and Other Countries' Susan Bies of the Federal Reserve said as the United States goes forward, even if transparency through corporate financial reports improves,…
Guynn on the state of the recovery
SPEECH - In the speech 'The State of the Recovery' Jack Guynn of the Federal Reserve Bank of Atlanta said the recovery is real, it's showing up on our radar; we know it's here, it's just not as obvious as it usually is. Guynn thinks the recovery will be…
Greenspan and Bush in public clash
In a rare rift with Alan Greenspan, the White House has taken issue with the Federal Reserve chairman's assessment that now is not the time to boost the economy - at least not along the course George Bush has chosen.
Fed's Ferguson: Oil prices not major econ threat
Japan's ongoing economic troubles have taught policymakers to use monetary policy aggressively in the face of challenges to growth, Federal Reserve Vice-Chairman Roger Ferguson said Wednesday.
Greenspan testimony to congress
SPEECH - In testimony to Congress Alan Greenspan said in today's environment acceptable ranges of deficit were 1-2 per cent and it was too early to tell whether the US economy was weak enough to require emergency fiscal stimulus.
Fed's plan could affect 160 workers in St. Louis
The Federal Reserve's plan to close five regional check-processing centers will affect about 160 employees at the Federal Reserve Bank of St. Louis.
U.S. economy facing more than war - Guynn
The U.S. economy is being restrained by more than just the prospect of war, but an expected pickup in business spending should help it strengthen as the year unfolds, Atlanta Federal Reserve Bank President Jack Guynn has said.
Greenspan testimony questions stimulus for economy
Federal Reserve Chairman Alan Greenspan said on Tuesday that uncertainties over a possible war with Iraq posed "formidable barriers" to business spending and made it tough to gauge the U.S. economy's health.
Mark Olson on the Gramm-Leach-Bliley Act
SPEECH - Fed governor Mark Olson looks at the Gramm-Leach-Bliley Act and asks to what extent it contributed to recent corporate misbehaviour - or was it just a coincidence? He encourages the role of the legal community as facilitator of the self…
Inflation-target sentiment seen growing inside Fed
ARTICLE - This article weighs up Federal Reserve policy-makers current positions on the issue of inflation targeting. The board appears split with governors putting the case for and against a target and Chairman Alan Greenspan coming down on the side of…
Financial Services Policy Committee Press Release
PRESS RELEASE - Federal Reserve Banks Announce Changes to Increase EfficiencyIn Check Services as Check Volumes Decline Nationwide, 6 Feb.
Fed plans to change its check operations
The Federal Reserve System moved Thursday to streamline its behind-the-scenes check-processing operations, citing Americans' increasing use of debit cards and other electronic payment options to pay bills. The move is likely to lead to several hundred…
Some inflation target fans at Fed despite ECB
ARTICLE - This article asks whether some Federal Reserve officials are pushing an idea that gets the European Central Bank nothing but grief? The idea in question is inflation targeting.
McTeer on confessions of an erstwhile economist
SPEECH - In the speech 'Reflections and Confessions of an Erstwhile Economist' Bob McTeer of the Federal Reserve Bank of Dallas delved into his past and revealed he met his wife in his economics class, is decidedly "non-quantitative" and doesn't trust…
Ferguson on September 11 and the Federal Reserve
SPEECH - In the speech 'September 11, the Federal Reserve, and the Financial System' Roger Ferguson of the Federal Reserve said on the morning of September 11, the Fed, as monetary authority, as payment system operator, as banking supervisor, and as…
Ferguson: Can't predict war impact on economy
Federal Reserve Vice Chairman Roger Ferguson said on Wednesday it is very difficult to gauge how a potential war with Iraq would affect the U.S. economy.
Greenspan to deliver Senate report next week
Federal Reserve Chairman Alan Greenspan is scheduled to appear before a Senate panel next week to deliver the central bank's semi-annual report on the health of the economy, a Senate Banking Committee aide said on Tuesday.
McTeer on the banking industry
SPEECH - In a speech to the Cato Institute 20th Annual Monetary Conference Bob McTeer of the Federal Reserve Bank of Dallas said the U.S. now has a low inflation rate, close to that of the euro zone. But that the US unemployment rate has been only half…