Tag Archives: federal reserve

Trades Support Fed Proposal to Harmonize Reg J, Reg CC

ABA earlier this week joined three other financial trade groups in offering support for a Federal Reserve proposal to harmonize Regulation J -- which governs the collection of checks or other items by Federal Reserve banks and funds transfers through Fedwire -- with Regulation CC, which implements the Expedited Funds Availability Act. 

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Trump Announces Federal Reserve Board Nominees

President Trump today announced the nomination of economist and monetary policy specialist Richard Clarida to serve as Federal Reserve vice chairman and Michelle Bowman to fill the designated community bank seat on the Federal Reserve Board of Governors.

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Powell: Low Inflation Caught Fed by ‘Surprise’

Inflation running under the Federal Reserve's 2 percent target was "a bit of a surprise" to monetary policymakers over the past few years, especially the decline in inflation in 2017 even as the labor market improved, Fed Chairman Jerome Powell said at an event in Chicago today.

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