The Federal Reserve today issued a report defending its long-standing practice of paying interest on banks’ excess reserves held at the Fed.
As deposit competition heats up, bankers may need to revisit assumptions and pricing models.
Six months after last discussing the economic outlook with Ellen Zentner, chief U.S. economist at Morgan Stanley, the ABA Banking Journal Podcast welcomes Zentner for a new economic update.
Economic growth will hit 2.8 percent for 2018, the fastest rate of growth in the current expansion, the ABA Economic Advisory Committee said today.
As the Federal Reserve slowly normalizes it balance sheet, including reducing reserve balances, policymakers are watching closely for possible effects on large bank liquidity, Fed Vice Chairman for Supervision Randal Quarles said on Friday.