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 ...
Tag: Federal Reserve
Fed: Banking System Conditions Improved in 2021 as Banks Remain Strong
The financial condition of the banking system remained strong and improved during the first half of 2021, despite some lingering ...
Regulators Planning Crypto Guidance for Banks
Banks can expect additional guidance from regulators over the next year clarifying the types of crypto-related activities they may be ...
Biden Taps Powell for Second Term as Fed Chair, Brainard for Vice Chair
President Biden today announced that he will re-nominate Federal Reserve Chairman Jerome Powell to serve a second term as head ...
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 ...
OCC Nominee Takes Softer Stance on ‘Relationship Banking’ in Prepared Testimony
In prepared testimony submitted ahead of her nomination hearing tomorrow, Saule Omarova, President Biden’s nominee for comptroller of the currency, ...
Fed’s Waller Pushes Back on Stablecoin Report Recommendations
Challenging a recent report from the President’s Working Group on Financial Markets, Federal Reserve Governor Christopher Waller said at a ...
Banking Agencies Issue Report on Differences in Accounting, Capital Standards
The FDIC, OCC and Federal Reserve today issued an annual report outlining differences among the accounting and capital standards used ...
Fed: Banks Continue to be Profitable and Strongly Capitalized
Banks continued to be profitable and strongly capitalized as structural vulnerabilities persist in some types of money market funds, the ...
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 ...
