Federal Reserve System
Testimony of Chairman Alan Greenspan
SPEECH - Alan Greenspan, Chairman of the Federal Reserve Board, has given testimony today, 18 July, before the Committee on Financial Services, U.S. House of Representatives. His testimony is the Federal Reserve Board's semiannual monetary policy report…
Meyer takes aim at the Greenspan legacy
US - Kansas City Fed President Thomas Hoenig, who broke a recent pattern of Federal Open Market Committee unanimity by voting against a half-percentage-point rate cut on May 15, is not a real FOMC dissident, reports Dow Jones news.
Federal Reserves Meyer on Inflation Targets
SPEECH - Federal Reserve Board member, Governor Laurence H. Meyer has given a speech at the University of California, San Diego Economics Roundtable, San Diego, California. The speech is titled "Inflation Targets and Inflation Targeting" and was made…
Second banker in month nominated to Fed board
US - President Bush announced 10 July that he will nominate former community banker and Senate Banking Committee aide Mark Olson to the Federal Reserve Board.
Federal Reserve Bank of New York Research
RESEARCH - Kevin J. Stiroh at the Federal Reserve Bank of New York has published an article titled Investing in Information Technology: Productivity Payoffs for U.S. Industries. The article is published in Current Issues in Economics and Finance, June…
Speech by Fed Bank of Chicago President M Moskow
SPEECH - Michael H. Moskow, President and CEO of the Federal Reserve Bank of Chicago spoke at the Greater Milwaukee Committee monthly meeting, Milwaukee, Wisconsin on 9 July.
New York Fed names new appointments
NEW YORK - The Federal Reserve Bank of New York announced that its board of directors has approved the promotion of three officers to assistant vice presidents and named eight new officers at the bank.
US recession risk rose in May - Chicago Fed index
US - The recession risk for the U.S. economy increased to its highest point this year in May, according to an index released by the Federal Reserve Bank of Chicago on 5 July.
Beware of Dr. Green and Mr. Span
US - Some pretty smart people are warning about the danger of playing with interest rates, comparing the nation's central bankers to Dr. Jekyll and Mr. Hyde. Call these critics the Alan Greenspan bashers, writes the Economist magazine 5 July.
Fed settles with ex-Bankers Trust exec
US - The U.S. Federal Reserve said yesterday, 2 July, it had settled charges brought against a former Bankers Trust executive in connection with accounting violations at the bank during the mid-1990s.
Fed approves Citigroup's purchase of EAB
US - Federal banking regulators approved Citigroup Inc.'s $1.6 billion purchase of European American Bank, a deal designed to expand Citibank's presence in the New York metropolitan area.
The inside story of the Fed
BOOK - A new book on the Federal Reserve System looks at what it does and doesn't do, what it must do, how it works, and how it hasn't changed. It is written by Martin Mayer.
Alan Greenspan on energy prices and the economy
SPEECH - Federal Reserve Board Chairman Alan Greenspan gave a speech before the Economic Club of Chicago, Chicago, Illinois on 28 June titled Impact of energy on the economy.
Alan Greenspan on the value of public outreach
SPEECH - Federal Reserve Board Chairman Alan Greenspan gave a speech at the dedication of the Visitors Center at the Federal Reserve Bank of Chicago, Chicago, Illinois on 28 June titled The value of public outreach by the Federal Reserve.
Federal Reserve cuts rates, by less than expected
US - Alan Greenspan, the U.S. Federal Reserve Board chairman and Federal Reserve governors, ended a two-day meeting yesterday, 27 June, by reducing interest rates, but only by a quarter of a percentage point, instead of the half-point cut that some…
Comment on the Fed's rate cut decision
UK - The Financial Times in London, 28 June, has published a comment on the US Federal Reserve Board's decision to cut it's key interest rate measure by 0.25 percent.
US rate cut to deter Thai outflows - Thai c.bank
THAILAND - The Thai central bank said on 28 June that the Federal Reserve's latest cut in U.S. interest rates would help deter the capital outflows from Thailand.
Fed set for fresh rate cut - but by how much?
US - The US central bank, the Federal Reserve, will announce today, 27 June, whether it has decided to cut interest rates further to boost the flagging American economy.
History of recessions contradicts Greenspan
ARTICLE - David Leonhardt, writing in the New York Times, says that Federal Reserve Board Governor, Alan Greenspan, is wrong to be optimistic about the prospects for the US economy.
Comparing measures of core inflation
RESEARCH - Todd E. Clark, of the Federal Reserve Bank of Kansas City has published an article in the Bank's Second Quarter 2001 Economic Review. The research compares five different measures of core CPI inflation.
Basel II - Comment and Analysis
A selection of the comment and analysis on the committee's proposals.
Condition of the U.S. banking system
US - Federal Reserve Board chairman Alan Greenspan testified before the Committee on Banking, Housing, and Urban Affairs at the U.S. Senate on 20 June.
Cathy Minehan, President Boston Fed Reserve Bank
SPEECH - Federal Reserve Bank of Boston President and Chief Executive Officer, Cathy Minehan spoke on 18 June at the Boston Municipal Research Bureau Semi-Annual Meeting, Swissotel, Boston, Massachusetts.
Testimony of Fed Vice Chairman Roger Ferguson
US - Roger W. Ferguson, Jr on 13 June gave his statement of renomination to the Federal Reserve Board, before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate.