Fed makes changes to payments system risk policy
The Federal Reserve today adopted changes to its payments system risk policy that would expand access to collateralized intraday credit from the Federal Reserve Banks.
Browsing: Federal reserve
Goolsbee to lead Chicago Fed
Economist Austan Goolsbee has been named president and CEO of the Federal Reserve Bank of Chicago. effective Jan. 9, 2023.
Barr signals significant changes to bank capital, stress testing requirements
Federal Reserve Vice Chair for Supervision Michael Barr previewed potential changes that could come out of a “holistic review” of bank capital standards that the agencies are currently undertaking.
Bowman: Regulation pushing banking services to nonbanks
Policymakers should explore ways to increase bank participation in traditional banking activities that have been pushed to “shadow banks” because of regulation, Fed Governor Michelle Bowman said today.
Brainard reflects on effects of COVID, war on inflation
The “relative inelasticity of supply in key sectors” sets the economy of the past three years (encompassing the COVID-19 pandemic and the Russian war in Ukraine) apart from the 30-year period prior, Federal Reserve Vice Chair Lael Brainard said.
Fed officials see inflation fight lasting through 2024
Two members of the Federal Open Market Committee said today that the committee is likely to raise the federal funds rate again in the future and perhaps maintain a restrictive policy stance into 2024.
Agencies find no deficiencies in largest banks’ ‘living wills’
The Federal Reserve and FDIC announced Wednesday that the eight largest U.S. banks did not have deficiencies in their most recent resolution plans, also known as living wills.
Brainard suggests Fed could slow pace of rate increases
It soon may be appropriate to slow the pace of increases in the federal funds rate, Lael Brainard, vice chairwoman of the Federal Reserve, said yesterday during an interview with Bloomberg News.
Fed report: Banking industry remains strong amid uncertain economic outlook
The banking industry remained financially sound in the first half of 2022, but banks are starting to take steps for potentially weaker economic conditions, according to the Federal Reserve’s latest supervision and regulation report released today.
Interagency Group Provides Update on Treasury Market Surveillance Initiative
The Interagency Working Group on Treasury Market Surveillance issued a progress report on steps it has taken to enhance the resilience of the U.S. Treasury market.