Federal Reserve System

Greenspan sets out defence of free markets

US - Alan Greenspan, Federal Reserve chairman, speaking on Wednesday levelled one of his most aggressive defences yet of free markets, while warning that the prospect of additional terrorist acts threatened to reduce trade and its economic benefits.

The Federal Reserve Beige Book

REPORT - The Federal Reserve published on 24 October its regular Summary of Commentary on Current Economic Conditions by Federal Reserve District known as the Beige Book.

US reports weak economic activity

US - Economic activity was weak across the US in September and the first half of October, as the effects of last month's terrorist attacks compounded the slowdown already in place before 11 September, the Federal Reserve said yesterday, Wednesday.

Shadow Group tells Fed to end rate cuts

US - In studying the Federal Reserve for six decades, Anna Schwartz has witnessed some of the Fed's most aggressive interest rate reductions, such as those after the Korean War, before Richard Nixon's re-election and during Ronald Reagan's second year of…

Fed eases rules on foreign banks, US branches

US - Almost four years after it was first proposed, the Federal Reserve on Wednesday approved easing rules on activities of branches of U.S. banks abroad and for U.S.-based branches of foreign financial institutions.

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