Federal Reserve System
Greenspan: Fed carried on 11 Sept without him
US - Federal Reserve Chairman Alan Greenspan, who is often praised for his steady hand during times of crisis, said Friday that he was "essentially incommunicado" on 11 Sept, yet the Fed functioned quite well without him.
Can Alan save the day again?
ARTICLE - Probably not. In the past decade, we've created inflated ideas of the Federal Reserve's power.
Hayami says Greenspan against inflation targeting
JAPAN - Bank of Japan Governor Masaru Hayami said on Thursday U.S. Federal Reserve Chairman Alan Greenspan had told him the U.S. central bank chief was opposed to the idea of setting an inflation target for central banks.
Fed nominees pledge inflation fight, help growth
US - Two candidates for the Federal Reserve board, Susan Bies and Mark Olson, Wednesday gave their support to the U.S. central bank's dual mandate of fighting inflation and pursuing steady economic growth.
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.
Philadelphia Fed Oct. index plunges
US - The Federal Reserve Bank of Philadelphia's business outlook survey for October indicated the regional economy reversed following the 11 September terror attacks.
Testimony of the Fed Chairman Alan Greenspan
TESTIMONY - Testimony of Federal Reserve Board Chairman Alan Greenspan, before the Joint Economic Committee, U.S. Congress, 17 October.
Research from the San Francisco Fed Bank
RESEARCH - The Federal Reserve Bank of San Francisco has published an Economic Letter 2001-29; 19 October, titled Has a Recession Already Started?
Has a Recession Already Started? - FRBSF
US - In this latest Economic Letter, San Francisco Federal Reserve Bank Senior Research Advisor Glenn Rudebusch examines the definition and dating of recessions.
Speech by J Alfred Broaddus of the Richmond Fed
SPEECH - Remarks by J. Alfred Broaddus, Jr. President, Federal Reserve Bank of Richmond at the 26th Annual Economic Policy Conference, Federal Reserve Bank of St. Louis, St. Louis, MO, 12 October.
Richmond Fed's Broaddus says inflation target good
US - Federal Reserve Bank of Richmond President Alfred Broaddus said on Friday 12 October the Fed should have an explicit long-term inflation objective to further boost the U.S. central bank's credibility.
Greenspan upbeat on economy
US - Prospects for the future of the US economy have been "scarcely diminished" by the 11 September attacks, Federal Reserve chairman Alan Greenspan has said.
Speech by Roger Ferguson of the Federal Reserve
SPEECH - Remarks by Federal Reserve Board Vice Chairman Roger W. Ferguson, Jr.at the Bond Market Association's 1st Annual Credit and Risk Management Conference, New York, New York, 16 October.
Hearing on nominees to US Fed set for 17 Oct
US - The U.S. Senate Banking Committee will hold a hearing on 17 October to consider two candidates for the Federal Reserve Board, a Senate aide said on Friday 12 October.
Fed's Ferguson - Long term US econ prospects sound
US - Federal Reserve Vice Chairman Roger Ferguson on Tuesday said the U.S. economy's longer-term prospects "remain sound," but said it is not known how long it will be before U.S. economic growth begins to recover from the events of 11 September.
Speech by Laurence Meyer of the Federal Reserve
SPEECH - Remarks by Governor Laurence H. Meyer, at the Bank Administration Institute's Conference on Risk Management, New York, NY, 15 October.
Meyer: Basel rules take time, need bank support
US - New rules on risk management and bank capital standards will take longer to set up than either banks or regulators want but they are too complicated to rush, Federal Reserve Governor Laurence Meyer said in a speech on Monday 15 October.
Speech by Laurence Meyer of the Federal Reserve
SPEECH - Remarks by Governor Laurence H. Meyer of the Federal Reserve Board at the 52nd International Atlantic Economic Conference, Philadelphia, Pennsylvania, 12 October.
Fed's Meyer says attacks raise surplus doubts
US - Federal Reserve Gov. Laurence Meyer said in a speech on Friday 12 October the 11 September attacks on U.S. financial and military landmarks have raised sharply uncertainties about future federal budget surpluses.
Speech by Federal Reserve Chairman Alan Greenspan
SPEECH - Remarks by Federal Reserve Board Chairman Alan Greenspan at the Federal Reserve Bank of St. Louis, Economic Policy Conference, St. Louis, Missouri (via videoconference), 11 October.
Speech by Patrick Barron of the Atlanta Fed
SPEECH - Remarks by Patrick K. Barron, Retail Payments Product Director, Federal Reserve Bank of Atlanta, BAI National Electronic Check Collection Conference, Tucson, Arizona, 1 October.
Greenspan rejects idea of inflation targets
US - Choosing a specific inflation target for the Federal Reserve to meet would not help the central bank set interest rates, Alan Greenspan, the Fed chairman, said yesterday, 11 October.
Fed will have single MICR format in 2005
US - The Federal Reserve announced Wednesday 10 October that it will adopt a single standard for magnetic ink character recognition detail on checks by mid-2005.
Fed best at policy communication? Not necessarily
UK - If you thought the U.S. Federal Reserve was the paradigm of central bank transparency while the European Central Bank struggled to communicate policy, think again. This comes from a recent report entitled "How Do Central Banks Talk?" published by…