While the wild crowd call it "Woodstock for Central Bankers", others get festivities off on a sour note, referring to it as "Understanding Inflation and the Implications for Monetary Policy". Regardless of what your invitation to this party reads, it starts today, Monday June 9th on the 50th anniversary of The Phillips Curve, a previously discredited forecasting tool which may be revived by Ben Bernanke at The Federal Reserve.
posted on Jun 9, 2008 - View this thread

According to the latest biweekly numbers released last Thursday by the Federal Reserve, for the two weeks that ended January 16th American banks had negative $1.3 billion in non-borrowed reserves. This is, historically, extremely unusual; just two months ago they had $30 billion (positive, of course) in non-borrowed reserves. The only reason some banks haven't been shut due to insufficient -- negative! -- reserve requirements is that the Federal Reserve is currently loaning them enough money through the brand new TAF (Term Auction Facility) program (also running in Canada and Europe) to make up their shortfalls. Today's TAF press release says that 52 American banks or institutions are currently receiving loans totaling ~$40 billion -- but the Fed refuses to name who they are.
posted on Jan 29, 2008 - View this thread

A fairly lucid description of recent actions of the Federal Reserve.
posted on Aug 17, 2007 - View this thread

Gov't will no longer report on M3 money supply, nor count Columbia River salmon Without explanation, the the Federal Reserve Board will, in March 2006, be stopping publication of its "M3" money supply information. Funding for the lab responsible for counting salmon on the Columbia River has also been eliminated.
posted on Dec 2, 2005 - View this thread

Alan Greenspan Takes A Bath : a profile of Greenspan
posted on Mar 29, 2005 - View this thread

Is the currency that oil is denominated in the real reason for the Iraq War? "The Federal Reserve's greatest nightmare is that OPEC will switch its international transactions from a dollar standard to a euro standard. Iraq actually made this switch in Nov. 2000 (when the euro was worth around 80 cents), and has actually made off like a bandit considering the dollar's steady depreciation against the euro. (Note: the dollar declined 17% against the euro in 2002.)"
posted on Feb 11, 2003 - View this thread