Gary Siegel

NEW YORK - The Institute for Supply Management's non-manufacturing business activity composite index was 53.0 in February, up from 50.5 in January, on a seasonally adjusted basis, the group said today.

NEW YORK – Supervision should be an alternative to monetary policy actions for dealing with asset bubbles and imbalances in the economy or financial system, Federal Reserve Bank of Boston President and Chief Executive Officer Eric S. Rosengren said today.

NEW YORK – The regulatory reform proposals before Congress do not offer “meaningful reform” and could lead to more future crises rather than averting them, Federal Reserve Bank of Philadelphia President and Chief Executive Officer Charles I. Plossersaid today.

The Treasury Department yesterday auctioned $31 billion of four-week bills at a 0.080% high yield, a price of 99.993778.

The federal funds rate cannot remain zero forever, and it should be raised “sooner rather than later” Federal Reserve Bank of Kansas City president Thomas Hoenig said yesterday.

While many economic forecasters predict real gross domestic product will grow at a 3% pace this year and a 4% pace in 2011, Federal Reserve Bank of Minneapolis president Narayana Kocherlakota said yesterday he believes growth will be a little slower, averaging 3% over the next two years.

NEW YORK – Many private forecasters and the Federal Open Market Committee predict real gross domestic product will grow at a 3% pace this year and 4% next year, but Federal Reserve Bank of Minneapolis President Narayana R. Kocherlakota said today he believes growth will be a little slower, averaging 3% over the next two years.

NEW YORK - The Treasury Department today auctioned $31 billion of four-week bills at a 0.080% high yield, a price of 99.993778.

NEW YORK – The fed funds rate can’t remain zero forever, and it should be raised “sooner rather than later” Federal Reserve Bank of Kansas City President Thomas Hoenig said today.

About 3,957,000 online job postings appeared on leading Internet job boards in February, a 66,900 decrease from January’s 4,023,900, the Conference Board reported yesterday.

The overall economy grew for the tenth straight time while the manufacturing sector expanded for the seventh time, the Institute for Supply Management reported yesterday. The ISM index dipped to 56.5 in February from 58.4 in January.

Financial system health depends on the return of market discipline, Federal Reserve Bank of Richmond president Jeffrey Lacker said yesterday.

Federal Reserve Board vice chairman Donald L. Kohn yesterday announced he intends to resign when his term expires on June 23, the Fed said.

NEW YORK - Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 0.125% high rate, up from 0.100% the prior week, and the six-months incurred a 0.185% high rate, off from 0.190% the week before.

NEW YORK - The Treasury Department said it will auction $25 billion 56-day cash management bills on Wednesday, March 3.

NEW YORK - The Treasury Department said it will sell $31 billion of four-week discount bills tomorrow.

NEW YORK – About 3,957,000 online job postings appeared on leading Internet job boards in February, a 66,900 decrease from January's 4,023,900, The Conference Board reported today.

NEW YORK - The overall economy grew for the tenth straight time after seven months of contraction, while the manufacturing sector expanded for the seventh time after eighteenth months of contraction, the Institute for Supply Management reported this morning.

NEW YORK – Federal Reserve Board Vice Chairman Donald L. Kohn today announced his intention to resign when his tem expires on June 23 in a letter to President Obama, the Fed said.

NEW YORK – Financial system health depends on the return of market discipline, Federal Reserve Bank of Richmond President Jeffrey Lacker said today.