In a speech delivered in San Francisco, Dallas Fed President Richard Fisher said the "I" word several times. Mr. Fisher said "If inflationary developments and, more important, inflation expectations continue to worsen, I would expect a change of course in monetary policy to occur sooner rather than later, even in the face of an anemic" economy.

Secretary of Treasury Paulson sees more economic difficulties ahead and says IMF needs to find better ways to monitor financial markets.

Chinese Premier Wen Jiabao said on Tuesday that how to properly adopt various monetary policies is a great test to China, as the changes in interest rates and exchange rates have pros and cons.

Asian stocks recouped some of their steep losses of the past two days after market confidence received a shot in the arm from the U.S. Federal Reserve. But as VOA's Heda Bayron reports from Hong Kong, stock analysts say the markets may remain volatile despite Tuesday's U.S. interest-rate cut.

What a delightful current issue of The Economist - a special pull-out section with the title "Only Human - A special report on central banks and the world economy" along with a number of other articles on the faults and foibles of central bankers.

Terming the Indian growth pattern as "impressive", the IMF has has said it does not foresee overheating of its economy as long as the current monetary policy is in place and its "independence is strengthened".

Ben. S. Bernanke, Chairman of the Federal Reserve Board, has presented the Semiannual Monetary Policy Report to the Congress, Before the Committee of Financial Services, US House of Representatives.

In a speech given today at a Merrill Lynch conference for hedge funds, Paul Tucker - Executive Director, Markets and a member of the Monetary Policy Committee - discusses the current interaction between global monetary and financial conditions and the risks to price stability and financial stability.

The Bank of England's Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 5.25%.