Eddie George

Sudan to switch dollar reserves

The Bank of Sudan has said it is looking to replace its dollar reserves with euros and other currencies by the end of 2007 to lessen the impact of US sanctions.

Conservatives want one-term limit for BoE governor

Britain's opposition Conservative Party is considering a one-term limit for the governor of the Bank of England, a policy that would mark the biggest change in the framework for monetary policy since the bank was made independent in 1997.

Report names likely Fed appointees

US president Bush administration is considering Larry A. Klane as a board member at the Federal Reserve, two people familiar with the matter were quoted as saying by MarketWatch.

Ex-BoE George on 1997 independence

Former Bank of England governor Eddie George said in an interview with the Financial Times Wednesday 2 May that he didn't consider resigning when the BoE was given independence in 1997, relieving it of the role of supervising commercial banks.

New York court lifts PMA freeze

A New York court has lifted a freeze on the US operations of the Palestine Monetary Authority, which acts as the Palestinian central bank, that was imposed in connection with the killing of two Americans in a Hamas shooting attack.

Philadelphia Fed Business Review, 1st Quarter 2007

The Federal Reserve Bank of Philadelphia published its Business Review for the First Quarter 2007 on 20 March. In the article "Trade deficits aren't as bad as you think," George Alessandria offers an alternative view to the mainstream: Trade deficits…

Chou promoted at Taiwan central bank

According to the Taipei Times, the central bank of China in Taiwan announced Monday 29 January that George Chou, who serves as director-general of the foreign exchange department, will be promoted to the position of deputy governor.

FMC report shows Fed governors get richer

The Federal Reserve Board's governors have grown steadily richer in the last year as President George Bush's appointments have reshaped the board of governors, research by the Financial Markets Center shows.

How Greenspan gave Stevens a master class

According to this article, published Tuesday 8 August by The Australian, the elevation of Glenn Stevens to governor of the Reserve Bank of Australia barely raised a ripple on Wall Street.

Too much secrecy in appointing the Bank's MPC

Writing in the Financial Times on Friday 7 July, UK shadow chancellor George Osborne says the appointment process to the Bank of England's Monetary Policy Committee has been brought into sharp focus with the MPC down to seven of its full complement of…

Comment: Bernanke's ally

The nomination of Frederic Mishkin to fill one of the two vacant seats on the Fed's board of governors will bolster the chairman, Ben Bernanke, in his attempts to quantify the central bank's inflation objective and move towards a more rule-based monetary…

Comment: Wanted: experienced US central banker

The perception of a "Fed in flux" has been strengthened by the departure of two more senior officials. With the unprecedented rate of turnover in personnel, the Fed now appears somewhat short of experience. Chairman Ben Bernanke's job could be made…

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