Federal Reserve System
Broaddus - Fed moves significant and help recovery
US - Richmond Federal Reserve Bank President Alfred Broaddus said Friday the Fed's policy moves to date have been "significant" and will help with the economic recovery.
Speech by Robert Parry of the San Francisco Fed
SPEECH - In the speech 'The Economy in 2002' Robert Parry said on Wednesday that recent mixed economic data are encouraging and a resumption of growth is possible this quarter - but it is too early to count on.
Fed's Parry: US recovery could happen in Q1 2002
US - San Francisco Federal Reserve President Robert Parry said on Wednesday that he expects the U.S. economy to be growing again by the second quarter of this year, and possibly earlier.
Speech by Federal Reserve Chairman Alan Greenspan
SPEECH - In the speech 'The history of money' Alan Greenspan praises central bankers' success in containing inflation during the past two decades and raises hopes that fiat money can be managed in a responsible way. This has been the case in the United…
Speech by Laurence Meyer of the Federal Reserve
SPEECH - This speech 'Rules and discretion' focuses specifically on how the study of rules can be helpful in informing discretionary policy decisions. Laurence Meyer's term at the Fed is due to finish at the end of January 2002.
Speech by Roger Ferguson of the Federal Reserve
SPEECH - In the speech Ferguson says that the U.S. economy should rebound from recession relatively soon but it is difficult to gauge how vigorous the bounceback will be.
Federal Reserve Board - Beige Book
REPORT - Prepared at the Federal Reserve Bank of Dallas and based on information collected before January 9, 2002. This document summarizes comments received from business and other contacts outside the Federal Reserve and is not a commentary on the…
Drachmas to euro, money exhibit opens at NY Fed
ARTICLE - The Federal Reserve is hoping that the power of money will lure visitors to a lower Manhattan exhibit at a time when other downtown museums are having trouble.
Beige book says US econ weak but shows improvement
US - The US economy started the new year on a weak note, although some scattered signs of improvement emerged, the Federal Reserve Beige Book survey has said.
Fed's Meyer - A little inflation better than none
US - Outgoing Federal Reserve Governor Laurence Meyer said on Wednesday that the U.S. central bank's commitment to price stability should not be taken as a goal to eliminate inflation entirely.
Speech by Michael Moskow, President, Chicago Fed
SPEECH - In the speech 'Economic Outlook' Michael Moskow said "I must emphasize that we still face a period of uncertainty," he said. Moskow added that the uncertainty stemmed from the risk of further attacks on U.S. soil, weakness in economies abroad…
Fed's Moskow sees some signs US economy improving
US - The U.S. economy is in a transition period with "scattered signs" of improvement but the timing of a full recovery is still uncertain, Federal Reserve Bank of Chicago President Michael Moskow said on Monday.
Research by the Fed Bank of Minneapolis
RESEARCH - From The Region, December 2001 published by the Federal Reserve Bank of Minneapolis. The Federal Reserve and Electronic Payments. What do considerations of principle, experience and reputation tell us? By Gary H. Stern, President.
Federal Reserve Press Release, 14 January
PRESS RELEASE - Laurence H. Meyer submitted his resignation Monday as a member of the Board of Governors of the Federal Reserve System, effective the last day of his term, January 31, 2002.
Federal Reserve governor Meyer to step down
US - Federal Reserve governor, Laurence H. Meyer, said today that he would step down from the seven-member board when his term expires at the end of the month.
Speech by Federal Reserve Chairman Alan Greenspan
SPEECH - In the speech given 11 January 'The Economy' Greenspan said that the economy still faced "significant risks in the near term", even though there are signs of the downturn beginning to bottom out. He also said that despite encouraging signs, it…
Speech by Cathy Minehan, Boston Fed Bank President
SPEECH - In this speech Cathy Minehan says that "The American economy has had to absorb some extraordinary shocks over the past year or more. It has done so in remarkable fashion, even in the wake of the tragedy of September 11".
Minehan - Data suggest slowdown bottoming out
US - Federal Reserve Bank of Boston President Cathy Minehan said Friday that the U.S. economy slowdown appears to be reaching its end and that recovery may be in sight.
Greenspan sees risks in path to recovery
US - In his first speech on the economy in months, Federal Reserve Chairman Alan Greenspan sounded considerably more cautious about recovery prospects than private forecasters and even fellow Fed policy makers.
Speech by Federal Reserve Chairman Alan Greenspan
SPEECH - Remarks by Federal Reserve Chairman Alan Greenspan at the Ninth Annual Economic Development Summit, The Greenlining Institute, Oakland, California, 10 January 2002.
Greenspan: non-discrimination good for business
US - Federal Reserve Chairman Alan Greenspan said on Thursday that discrimination in lending and other aspects of financial life simply makes for bad business.
Poole - Job losses can rise after recovery starts
US - Recent economic data suggest that the U.S. economy has already seen the worst of the current recession, though the data show little sign about the timing and strength of an economic recovery, Federal Reserve Bank of St. Louis President William Poole…
Speech by William Poole of the St. Louis Fed Bank
SPEECH - In the speech given 11 January 'What is Happening in the U.S. Economy?' Poole gave little direct insight into the Fed's intentions regarding interest rates. The Fed "is ready to act when required" and "ready to do nothing, when required," he…
Fed adds $5 billion reserves through 28-day repos
US - The Federal Reserve said on Thursday it added $5.0 billion in temporary reserves to the banking system through the purchases of 28-day fixed system repurchase agreements.