Federal Open Market Committee members said that if they decide to start tapering asset purchases at their next meeting, the process could begin in mid-November or mid-December.
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The Federal Reserve introduced its CECL Scalable CECL Allowance Estimator, or SCALE, method and tool during an “Ask the Fed” webinar this summer.
Treasury Secretary Janet Yellen called the possible consequences of breaching the debt ceiling “catastrophic” during a House Financial Services Committee hearing
Higher inflation rates “will likely remain so in the coming months,” Federal Reserve Chairman Jerome Powell acknowledged today in testimony before the Senate Banking Committee.
If the economy continues to improve broadly, “a moderation in the pace of asset purchases may soon be warranted,” the Federal Open Market Committee said today.
The Federal Reserve today published a paper highlighting how community banks can partner effectively with fintech companies.
In a comment letter to the Federal Reserve today, the American Bankers Association offered feedback on a recent proposal to revise Regulation J to accommodate the new FedNow Service, which is expected to go live in 2023.
In a highly anticipated speech at the Federal Reserve’s Jackson Hole economic symposium today, Fed Chairman Jerome Powell signaled that his agency could begin tapering its asset purchases before the end of the year, citing recent progress toward maximum employment and controlling inflation.
Federal Reserve Board Governor Michelle Bowman and Acting Comptroller of the Currency Michael Hsu will address ABA’s virtual Government Relations Council fall meeting on Sept. 9.
Slowing vaccination rates and the spread of the Delta variant pose “downside risks” to the economic outlook, according to members of the Federal Open Market Committee.