Browsing: Federal reserve


When it comes to crypto assets, banking regulators seek to strike a balance between providing enough room for technological innovation to flourish while protecting consumers from a sector that has proven susceptible to fraud, Federal Reserve Vice Chairman for Supervision Michael Barr said this week.


Recent economic data suggests the Federal Reserve will need to continue to raise interest rates this year to slow inflation and possibly push rates higher than previously projected, Fed Chairman Jerome Powell told lawmakers on the Senate Banking Committee this week.


Financial conditions have tightened since June 2022 and are significantly tighter than a year ago, and while banks have seen some slowdown in revenue growth, the sector remains strong overall, the Federal Reserve said this week in its semiannual Monetary Policy Report to Congress.


Credit quality improved in 2022 in the Shared National Credit portfolio, although the results do not fully reflect increasing interest rates and softening economic conditions that began to affect borrowers in the second half of last year, federal agencies said this week.

Newsbytes Federal Reserve Vice Chair Lael Brainard at podium making a speech

Lael Brainard submitted her resignation today as Federal Reserve vice chair, with President Biden nominating her to serve as director of the National Economic Council.

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