Beige Book: Economic Activity Grows Moderately, Held Back by Supply Chain Issues
Economic activity grew at a moderate pace from early October to mid-November, but some parts of the country reported constrained ...
Tag: Economy
Powell: Banking System Strong, Cyber Risk Remains a Threat
Federal Reserve Chairman Jerome Powell told members of the Senate Banking Committee today that “the banking system is strong,” and ...
Cleveland Fed: PPP Loans Helped Mitigate Effects of Recession
Paycheck Protection Program lending helped to soften the effects of the pandemic-related recession on state-level employment growth, and had “significant” ...
FOMC: Higher Inflation Could Last Longer than Anticipated
Federal Open Market Committee members said that they see the current elevated level of inflation as transitory but that it ...
Fed’s Waller Says He Favors Faster Pace of Asset Tapering
Federal Reserve Governor Christopher Waller today said that rapid improvement in the labor market and “deteriorating inflation data” have pushed ...
OFR Flags Cyber Risk, Macroeconomic Uncertainty in Annual Report
The Treasury Department’s Office of Financial Research flagged cybersecurity and macroeconomic risk as top areas of concern as the cost ...
ABA Data Bank: Real Interest Rates in the Red Across the World’s Developed Economies
Headline inflation surged to 6.2% in October, yet the federal funds rate remains near-zero. As a result, the real interest ...
ABA Says ‘Whole-of-Government’ Approach Needed to Address Semiconductor Shortage
With millions of microchips needed annually to equip smart chip payment cards, the American Bankers Association today told the Commerce ...
Fed’s Clarida: Inflation ‘Overshoot’ Is ‘More than Moderate’
Federal Reserve Vice Chairman Richard Clarida today acknowledged that the growth of inflation in personal consumption expenditures is “much more ...
FOMC Begins to Reduce Pace of Asset Purchases
The Federal Open Market Committee said today that it will begin reducing the monthly pace of its asset purchases since ...
