Sudden shifts in official reserve holdings are also unlikely, despite the disproportionate size of the euro area's own reserves.
Lehrman (with whom this writer is professionally associated via American Principles Project and the Lehrman Institute) has provided with The True Gold Standard: A Monetary Reform Plan Without Official Reserve Currencies.
Some people have been asking me what I think of the gold standard proposal by Lewis Lehrman, as expressed in his most recent book The True Gold Standard: A Monetary Reform Plan Without Official Reserve Currencies.
Some bullish comments from a U.S. Federal Reserve official helped to boost the precious metals.
The only Federal Reserve official scheduled to speak is Cleveland President Sandra Pianalto.
Implied yields fell heavily as investors built-up expectations for an official monetary antidote from the Reserve Bank.
The official word from the Federal Reserve, delivered to Congress in February, is that "inflation pressures are anticipated to remain well contained, " and a look at the March Consumer Price Index numbers wouldn't give you much ammunition to shoot holes in the Fed's assertion.
When it met on April 2nd, the Reserve Bank held its official interest rate unchanged, at 4.25%, but may well raise rates in May.
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This doesn't mean it's a terrible device -- we'll reserve judgment until its official review when it comes -- it just doesn't have the crazy flagship-type specs we would like to see.
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And news leaked out Friday that Tim Geithner, who is the president of the New York Federal Reserve, will be the first official member of the incoming administration's Cabinet.
That was the meaning of the announcement of the US Federal Reserve that it anticipates holding its official interest rate, the so-called federal funds rate, at exceptionally low levels "at least" through mid-2013.
Australia was in focus after the Reserve Bank of Australia lowered its official interest rate by a quarter percentage point to 2.75 percent amid some signs the economy is coming off the boil as the Australian dollar rises.
The eurozone can't take all the credit for that - the Federal Reserve's commitment to keep its official interest so low is clearly a big part of it.
Arguably all those purchases of sovereign and official debt by the Bank of England and US Federal Reserve, and purchases of such debt by eurozone banks with the benefit of subsidised loans from the European Central Bank, have created potentially dangerous bubbles in government bonds.
Mr. Curry, who became the OCC's top official in April, will attend Wednesday's hearing with officials from the Federal Reserve, Treasury Department, Federal Deposit Insurance Corp. and the Consumer Financial Protection Bureau.
Their official reason for building up a cash hoard in the first place was to create a reserve for Microsoft's legal battles, all stemming from its alleged monopolistic abuses.
U.S. driver Alexander Rossi will remain the second team reserve, but will take over Ma's seat in the GP2 championship -- which is the official feeder F1 series for the next generation of drivers.
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