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THE ECONOMY.(A)
Federal Reserve watchdog group
blasts Fed's easy money policy
The Shadow Open Market Committee, a group of private economists, sharply criticized the Federal Reserve's recent interest rate cuts, warning the Fed is ignoring the risk of inflation. "We are concerned that the Fed has lost sight of its primary objective of price stability," said Charles Plosser, co-chair ofthe SOMC and dean of the business school at the University of Rochester. The Fed has aggressively cut the fed funds target rate four times so far this year,for a total of 200 basis points. The SOMC was especially critical of the Fed'stwo "surprise" rate cuts, Jan. 3 and April 18, which were in between regular Fed policy meetings.
G-7 nations' three-day meeting covers slowdown, health, crises
Finance ministers from the G-7 nations ended three days of talks in Washington on the slowing global economy. Finance ministers and central bank governors also agreed to look for an improved early warning system to prevent future crises. And, for the first time, the group said there was a "need for global action" in the fight against AIDS and other infectious diseases, though the U.S. has reservations about whether such an effort can succeed.
Bank Of France's Trichet warns
Europe rate cut isn't very likely
- Cleveland Fed at top of stack. (Federal Reserve Bank of Cleveland ranked the...
- Magazine article from: Crain's Cleveland Business Wolf, Carol July 25, 1994 700+ words
...facade of the Federal Reserve Bank of Cleveland. The Cleveland Fed in the last few...According to the Federal Reserve's internal...the Cleveland Fed last year ranked...banks within the Federal Reserve System. The Fed also has been...
- Some lawmakers claim fed keeps critics at bay with jobs. (Federal Reserve)
- Magazine article from: American Banker Davies, Stephen A. December 2, 1994 700+ words
...consultants to the Federal Reserve, a practice that...criticism of the Fed's rate-setting...government records, the Federal Reserve Board and 11 of...surveyed was the Federal Reserve Bank of Boston. The Boston Fed's own research...
- Conducting monetary policy without government debt: the Fed's early...
- Magazine article from: Federal Reserve Bank of St. Louis Review Wheelock, David C. May 1, 2002 700+ words
...holders, including the Fed, declined from 1997 to 2001, prompting Federal Reserve officials to consider how the Fed might conduct monetary...conflicts created by the Fed's desire to prevent Federal Reserve credit from financing speculative...
- Fed considers $100M addition to its local HQ. (Federal Reserve Bank of...
- Magazine article from: Crain's Cleveland Business Bullard, Stan February 11, 1991 700+ words
Fed considers...local HQ The Federal Reserve Bank of Cleveland...questions about the Fed's plans...said, "The Federal Reserve Bank of Cleveland...from regional Federal Reserve banks to Washington...the Cleveland Fed's plans...
- Federal Reserve to Consider Monetary Policy Recommendations from High School...
- Press release article from: PR Newswire November 10, 1998 700+ words
...for the 1999 Fed Challenge...sponsored by the Federal Reserve Bank System...the number of Federal Reserve districts that...compete in The Fed Challenge...For the 1999 Fed Challenge, nine of the 12 Federal Reserve Districts are...
- Fed to update management of financial services. (Federal Reserve banks)
- Magazine article from: American Banker Marjanovic, Steven December 13, 1994 700+ words
The 12 Federal Reserve banks have formed...management of the Fed's financial services...payment systems. Fed officials have set...procedures in the Federal Reserve districts. Such...president of the Federal Reserve Bank of St. Louis...direction for the Fed's ...
- Giving the Fed a public face. (Federal Reserve Bank of Boston's Cathy E....
- Magazine article from: US Banker Marshall, Jeffrey August 1, 1996 700+ words
...second woman Federal Reserve Bank president...the Cleveland Fed in the 1980s...public has of the Federal Reserve tends to focus...ways and the Fed's inscrutable...belonging to the Federal Reserve System. The Boston Fed has a special...
- GOP Dubious on Fed's Focus if It Bolsters Powers.(Washington)(powers and duties...
- Magazine article from: American Banker Sloan, Steven July 10, 2009 700+ words
...proposal to establish the Fed as a systemic risk regulator...natural outgrowth of the Federal Reserve's existing supervisory...Donald Kohn, the Fed's vice chairman...change would distract the Fed from its core responsibility...This stretches the Federal Reserve too thin," he ...