A federal court enjoined the federal government from enforcing its vaccine mandate for federal contractors working on federal contracts in Kentucky, Ohio and Tennessee. Banks that conduct business with the federal government or that have branches on military bases or other federal property may be subject to the vaccine mandate.
Federal Reserve Chairman Jerome Powell told members of the Senate Banking Committee today that “the banking system is strong,” and that while “there are some issues to address in the capital markets, I wouldn’t say they rise to the level of grave systemic importance.” He did flag cyber risk as a key threat to financial stability.
The Fifth Circuit Court of Appeals’ stay of the Occupational Safety and Health Administration’s vaccine mandate is expected to remain in place until at least Dec. 10, based on a court order filed right before Thanksgiving.
Federal Open Market Committee members said that they see the current elevated level of inflation as transitory but that it could take longer to subside than they had previously assessed.
The financial condition of the banking system remained strong and improved during the first half of 2021, despite some lingering concerns, the Federal Reserve found in its latest supervision and regulation report released today.
As expected, the Biden Administration today asked the Sixth Circuit Court of Appeals to reinstate the vaccine mandate that would require employers with 100 or more employees to be vaccinated or tested weekly for COVID-19.
Federal Reserve Governor Christopher Waller today said that rapid improvement in the labor market and “deteriorating inflation data” have pushed him toward favoring a faster pace of asset purchase tapering.
The Sixth Circuit Court of Appeals was chosen to hear the complaints filed by several governors and private entities challenging the emergency temporary standard that would require all employers with 100 or more employees to be fully vaccinated or tested weekly for COVID-19.
A federal appellate court on Friday issued a nationwide stay of enforcement of the emergency temporary standard that will require all employers with 100 or more employees to be fully vaccinated or test weekly for COVID-19.
The federal banking regulators today announced the end of the mortgage servicing supervisory and enforcement flexibility issued in response to the COVID-19 pandemic.