United States

Regulatory board for accountants hits snag

US - The process of setting up the new regulatory board for accountants is being delayed because of a dispute over one possible member, Donald Kirk, a former regulator criticised for being too close to the audit profession.

Speech by Susan Schmidt Bies of the Fed, 28 Sep

SPEECH - In the speech titled 'Bank Performance and Corporate Governance' Bies said that following sound accounting, auditing, and disclosure practices consistently is crucial to maintaining the confidence of capital and financial markets. We should…

Philadelphia Fed Business Outlook Survey

REPORT - Results from August's Business Outlook Survey show for the first time this year, manufacturing firms' responses from the Business Outlook Survey indicate a slight decrease in activity. Indicators of general activity, new orders, and shipments…

Chicago Fed National Activity Index, August 2002

REPORT - CFNAI indicates economy slowed in August - In August, the Chicago Fed National Activity Index (CFNAI) fell to its lowest level since December 2001, largely as a result of weakness in the production- and employment-related data. The CFNAI fell to…

Minutes of the Federal Open Market Committee

MINUTES - The Federal Reserve on 26 September released the minutes of its FOMC meeting of 13 August. All the members indicated that they could accept, and most said they preferred, a proposal to shift the Committee's assessment of the risks to the…

Monetary Hawks and Doves

ARTICLE - In an article from the Ludwig von Mises Institute Mark Thornton, a senior fellow of the Mises Institute, suggests that differences occur in the propensity for Fed governors to be given the tag of either dove or hawk on their FOMC voting habits…

Testimony of Fed V Chairman Roger Ferguson, 25 Sep

SPEECH - In his testimony titled 'The proposed Check Clearing for the 21st Century Act' Ferguson said that although an increasing number of payments are being made electronically, it was clear that checks will continue to play an important role in the US…

Speech by Fed Chairman Alan Greenspan, 25 Sep

SPEECH - In the speech titled 'World Finance and Risk Management' Greenspan said a proper dispersement of risk will allow shocks to the overall economic system to be better absorbed and less likely to create cascading failures that could threaten…

Minutes indicate fed concern about stocks

US - Federal Reserve policy makers believe that a decline in the stock market could be the catalyst for another rate cut, according to the minutes of the 13 August meeting of the Federal Open Market Committee.

Speech by Fed Chairman Alan Greenspan, 25 Sep

SPEECH - In the speech titled 'Regulation, Innovation, and Wealth Creation' Greenspan said transparency may present a paradox. On the one hand markets function best when the participants are fully informed. But the full disclosure of what some…

IMF News Brief

NEWS BRIEF - IMF Managing Director Horst Kohler Meets Colombian President lvaro Uribe, 25 September.

IMF World Economic Outlook, September 2002

REPORT - World Economic Outlook, Trade and Finance, International Monetary Fund, September 2002. In the most recent World Economic Outlook the International Monetary Fund said that world economic output would increase by 3.7% in 2003, compared to its…

IMF calls for boost to global confidence

US - International Monetary Fund Managing Director Horst Koehler said on Thursday that global growth had been hurt by financial market uncertainty and called on world financial leaders to do their bit to restore calm.

Speech by Fed Chairman Alan Greenspan, 25 Sep

SPEECH - In the speech titled 'Policy Coordination' Greenspan reflected on the historic association between the Bank of England and the Federal Reserve with ties cemented in the 1920's. Greenspan said that London has stayed on top in the provision of…

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