United States
Fed minutes suggest rate hikes sooner than thought
US - A clearly recovering economy may allow the Fed to lift interest rates higher sooner, and by a wider margin, than currently projected - simply because the markets are prepared for such a development.
White House says interviewing Fed candidates
US - The Bush administration is interviewing candidates to fill two vacancies on the powerful seven-member Federal Reserve Board, a senior U.S. official said on Thursday.
US keeps interest rates unchanged
US - The US central bank, the Federal Reserve, has left interest rates unchanged Wednesday at 1.75%, saying signs for an economic recovery were "promising".
Dodge refuses to rule out common currency
CANADA - David Dodge, the Governor of the Bank of Canada, Tuesday, refused to rule out the possibility that Canada and the United States could share a common currency some day, though he said a number of tough conditions would have to be met first.
Federal Reserve Press Release, 30 January
PRESS RELEASE - The Federal Open Market Committee decided today to keep its target for the federal funds rate unchanged at 1-3/4 percent.
Globalisation forum kicks off
US - More than 3,000 of the world's movers and shakers are kicking off the World Economic Forum in the unaccustomed surroundings of bustling New York City.
Speech by Horst Kohler, Managing Director, IMF
SPEECH - In his speech titled 'Working for a Better Globalization' Kohler urged Argentine authorities to develop a comprehensive and coherent economic strategy that the lender can back with loans.
IMF's Koehler urges coherent plan from Argentina
US - The head of the International Monetary Fund (IMF) on Monday urged Argentine authorities to develop a comprehensive and coherent economic strategy that the lender can back with loans.
US economy shows unexpected strength
US - The US economy grew 0.2% in the last three months of 2001, official data has shown.
Finance and Economics Discussion Series
RESEARCH - Federal Reserve Finance and Economics Discussion Series, Monetary Policy Rules and the Great Inflation by Athanasios Orphanides, January 2002.
Speech by Stanley Fischer of the IMF
SPEECH - In his speech titled 'Breaking Out of the Third World: India's Economic Imperative' Fischer said the Indian monetary policy of not trying to peg a particular value for the rupee was good economics and that all the eight countries which…
Fischer suggests managed floating currency system
INDIA - The Indian monetary policy of not trying to peg a particular value for the rupee was good economics, Stanley Fischer said here today. The former first deputy managing director of the International Monetary Fund was speaking at a seminar organised…
Testimony of Richard Spillenkothen of the Fed
TESTIMONY - In his testimony titled 'Antiterrorism initiatives' Spillenkothen said that the Federal Reserve has a significant commitment to the bank regulatory community's anti-money laundering and anti-terrorism mission and that we will continue our…
Chicago Fed Letter, February 2002
REPORT - According to research in the latest Chicago Fed Letter, improvements in average worker skill levels have slowed and are likely to continue to slow the rest of this decade, which could negatively impact U.S. productivity growth in years to come.
IMF News Brief, 28 January
NEWS BRIEF - IMF, World Bank and IDB Working Closely to Help Argentina.
Speech by Shigemitsu Sugisaki of the IMF
SPEECH - In the speech titled 'Global Prospects after September 11 and Implications for Japan' Sugisaki said that the Bank of Japan should set a deadline to end deflation and stop a cycle of falling prices in the world's second largest economy.
Testimony of Fed Chairman Alan Greenspan
SPEECH - In his testimony before the US Senate titled 'The state of the economy' Greenspan said that the US economy seemed finally to be climbing out of recession.
Speech by Anthony Santomero of Philadelphia Fed
SPEECH - In the speech titled 'Great Expectations: Monetary Policy in Today's Economy' Santomero said the U.S. Federal Reserve has room to cut interest rates further from their already rock-bottom level if need be.
Speech by William Poole of the St. Louis Fed Bank
SPEECH - Poole said in the speech titled 'Flation' that within the confines of the goal of price stability, the central bank has some flexibility to lean against fluctuations in output and employment but that this goal should not be compromised in…
Fed's Poole - C banks mustn't risk price stability
US - St. Louis Federal Reserve President William Poole warned on Monday that central banks should not chase economic stability at the expense of stable prices.
Speech by US Treasury Secretary Paul O'Neill
SPEECH - In a sign of growing U.S. alarm over the state of Japan's economy, US Treasury Secretary Paul O'Neill scrapped the Bush administration's no-lecture policy toward the Japanese government and said "decisive actions" are needed to return Japan to…
Greenspan: US economy is picking up
US - The US economy seems finally to be climbing out of recession, Federal Reserve chairman Alan Greenspan said.
The Inflation Forecast and the Loss Function
RESEARCH - A new paper by Lars E.O Svensson, Princeton University, CEPR and NBER, December 2001.
Speech by Michael Moskow, President, Chicago Fed
SPEECH - In the speech titled 'Economic Trends 2002' Moskow said that he did not see a near-term threat to the U.S. economy from deflation, although prices for some goods have been declining. "I don't see deflation as a threat to our economy on the near…