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THE ECONOMY.(TO THE POINT)
ECRI gauge flat in May 23 week
The Economic Cycle Research Institute's leading U.S. index held at 121.5. Rising producer prices, falling new jobless claims and declining Treasury yields offset a dip in stock prices and a wider spread between Treasury and corporate yields. Still, the index's growth rate, a four-week average, rose to 4%, the best in over 10 months.
Fed's Bies: banking system strong
Despite the "tepid" economy, U.S. banks remain "strong and profitable," said Fed Gov. Susan Bies. She said the banking system, "the most innovative, responsive and flexible in the world," has weathered the downturn without the kind of credit failure in previous slumps. She said banks, like corporations overall, could improve internal controls.
** Minneapolis Fed President Gary Stern said the private sector, not the Fed, should drive change in the rapidly evolving world of retail payments. Americans are writing fewer checks and shifting to payments over the phone, Internet or automated bill pay.
** Philly Fed President Anthony ...
- Greater Philadelphia Chamber of Commerce and Sovereign Bank to Host 2005...
- Press release article from: PR Newswire January 12, 2005 700+ words
...Ballroom at the Park Hyatt Philadelphia at the Bellevue. Dr. Anthony Santomero, President, Federal Reserve Bank of Philadelphia, will...nation's most consistent and improved performers. Dr. Anthony Santomero is an authority and an accurate prognosticator on regional...
- Wharton experts available for comment on savings and loan crisis. (Jack M....
- Press release article from: PR Newswire February 7, 1989 700+ words
...Jacob Safra professor of international banking; -- Ricahrd Herring, director, International Banking Center; -- Anthony Santomero, Richared King Mellon professor of finance; -- Jeremy Siegel, professor of finance; -- Edward Herman, professor...
- More Than 1,000 Leaders, Advocates to Attend National Summit to Explore...
- News wire article from: AScribe Business & Economics News Service May 18, 2005 700+ words
Byline: PolicyLink NEW YORK, May 18 (AScribe Newswire) -- Over 1,000 people from across America have registered to attend the Advancing Regional Equity: The Second National Summit on Equitable Development, Social Justice, and Smart Growth at the Pennsylvania Convention Center, in Philadelphia, May
- The Philadelphia Inquirer The Economy column: An exit interview - sort of -...
- Newspaper article from: Philadelphia Inquirer (Philadelphia, PA) March 26, 2006 700+ words
Byline: Andrew Cassel Mar. 26--Anthony Santomero won't say precisely what he plans to do next. Only that after he steps down as president of the Federal Reserve Bank of Philadelphia...
- Fear of the Fed a little overdone. (Market Watch).(Brief Article)
- Magazine article from: Futures (Cedar Falls, Iowa) Beckner, Steven K. May 1, 2002 700+ words
...unacceptably high. Chicago Fed President Michael Moskow typified Fed...approach to raising rates. Dallas Fed President Robert McTeer was explicit...his colleagues. Philadelphia Fed President Anthony Santomero, a mainstream FOMC voter...
- How Effective Has Monetary Policy Been?
- Press release article from: PR Newswire September 27, 2007 700+ words
...President Jeffrey Lacker, San Francisco Fed President Janet Yellen and Philadelphia Fed President Anthony Santomero. Williams and Rasche describe St. Louis Fed President William Poole's statements regarding...
- The Fed faces a new kind of recovery.(Market Watch)(Federal Reserve)
- Magazine article from: Futures (Cedar Falls, Iowa) Beckner, Steven K. November 1, 2003 700+ words
...and fiscal stimulus. Boston Fed President Cathy Minehan observed that...disinflation, as San Francisco Fed President Robert Parry and others have...megatrend," as Philadelphia Fed President Anthony Santomero called it, is "globalization...
- The Atlanta Journal-Constitution Wall Street column.
- Newspaper article from: Atlanta Journal-Constitution (Atlanta, GA) October 8, 2005 700+ words
...Committee. Philadelphia Fed President Anthony Santomero -- another member of the FOMC -- and Kansas City Fed President Thomas Hoenig also indicated...ters news agency, Atlanta Fed President Jack Guynn this week said...
