Donald Kohn, a former vice chairman of the Federal Reserve, said “the Chinese will need to allow the exchange rate to fluctuate.” “They’ll need to grant independence for the People’s Bank of China to run an independent monetary policy aimed at macroecono

Donald Kohn, a former vice chairman of the Federal Reserve, said “the Chinese will need to allow the exchange rate to fluctuate.” “They’ll need to grant independence for the People’s Bank of China to run an independent monetary policy aimed at macroecono

Feb 6 (Reuters) - When Federal Reserve officials gathered in late 2006 to talk about setting an inflation target, most favored the idea but worried Democrats in Congress would cry foul. However, when the U.S. central bank finally laid out a target last m

By Luca Di Leo Federal Reserve Chairman Ben Bernanke is heading back to the classroom.Mr. Bernanke, a former economics professor, will deliver four lectures in March to undergraduate students at the George Washington University School for Business, talki

On Wednesday, after months of preparation, the Federal Reserve will reveal its own facelift that has economists sitting on the edge of their seats, awaiting the Fed forecast. For the first time in history, Fed officials will release forecasts for their b

Jan. 12 (Bloomberg) -- Federal Reserve officials in 2006 began their current opening up to greater scrutiny with warnings that their goal was to make policy more effective rather than make the Fed transparent to the public. “We need to keep in mind that