Browsing: Policy

Economy FOMC minutes: Members uncertain about further rate hikes

Federal Open Market Committee members all agreed to raise the federal funds rate by 25 basis points at their meeting earlier this month but were divided on whether further monetary policy tightening would be needed, according to FOMC minutes.

Economy Waller: Inflation too high to stop rate increases

Federal Reserve Governor Christopher Waller said that he does not support stopping increases in the federal funds rate unless there is “clear evidence” that inflation is heading towards the Fed’s 2% objective.

Newsbytes ABA, trade groups: CFPB research skirts legal requirements

In a joint letter, ABA, the U.S. Chamber of Commerce and three other banking and credit union trade associations criticized the Consumer Financial Protection Bureau’s proposed study of disclosures as circumventing Paperwork Reduction Act requirements intended to ensure agency research maximizes the utility of information collected.

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