Federal Reserve Bank of New York President William Dudley highlighted the importance of consistent international standards to the safety and soundness of the global payment and market infrastructure system.
One of the sharpest and best positioned critics of the bailouts that kept Wall Street afloat in 2008, but did far less to mend the finances of Main Street is following a well-trod path from top regulatory posts to the banks that benefited from the government's intervention.
Richard Fisher, who left the Federal Reserve Bank of Dallas in March, joins Barclays as a senior adviser July 1, the bank announced Monday.
Susan Ladika It has to happen sooner or later. After months of dithering, it appears the Federal Reserve will actually start to push interest rates higher, ending years of record low returns on bank accounts. While it could start as soon as July, the Fed seems more likely to initiate this epic change in policy in September [...]Show More Summary
The Dallas Federal Reserve Bank said that manufacturing activity contracted in its Texas district for the sixth straight month. Nonetheless,Read the Rest...
The Federal Reserve should wait until the middle of 2016 to start raising short-term interest rates from near zero to ensure the economy is on a firmer footing and inflation is returning to the central bank’s 2% target after undershooting it for more than three years, the IMF says.
While the punchline of this post is well-known by everyone, and even the Federal Reserve finally admits that its own actions have led to record inequality and a world in which the rich have never been richer and poor, never been poorer...Show More Summary
Ever feel like since the Federal Reserve et al took over the stock "market" trading has no longer made any sense? You are not alone. Here is BofA's Michael Hartnett explaining why thanks to $22 trillion in central bank artificial support...Show More Summary
In a speech that highlighted the need for further improving the U.S. payments system, Federal Reserve Bank of Kansas City President Esther George also said there's a renewed focus on bolstering security.
The Federal Reserve offers custodial services for foreign central banks. Precisely which countries use these services is confidential as is who patronizes a commercial bank's services. There was a large draw down in...
The Kansas City Federal Reserve Bank said that manufacturing activity declined for the fourth straight month in June, albeit atRead the Rest...
From the Kansas City Fed: Tenth District Manufacturing Activity Declined at a Slower Pace The Federal Reserve Bank of Kansas City released the June Manufacturing Survey today. According to Chad Wilkerson, vice president and economist...Show More Summary
The Wall Street Journal’s Daily Report on Global Central Banks for Thursday, June 25, 2015. Jon Hilsenrath sees a 13-day stretch in July as key to understanding the Fed's likely policy path.
Federal Reserve officials aren’t changing their minds about revealing the models that lie at the heart of their stress tests of the nation’s biggest banks.
The Federal Reserve is seeking input from the financial industry and others with the goal of improving its stress tests of big banks, Fed Vice Chairman Stanley Fischer said Wednesday.
The Richmond Federal Reserve Banks said that manufacturing activity expanded at its fastest pace since January – a sign thatRead the Rest...
From the Philly Fed: The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for May 2015. In the past month, the indexes increased in 35 states, decreased in 10, and remained stable in five, for a one-month diffusion index of 50. Show More Summary
If the U.S. Federal Reserve is concerned about the state of dental care in this country, you know we have a problem. In fact, according to the Fed, we have a very big problem. The Federal Reserve Board of Governor's Report on the Economic Well-Being of U.S. Show More Summary
The Federal Reserve is taking stock of the nation's financial sector. The U.S. central bank on Monday announced the 2015 Census of Finance Companies, which will collect information on financing offered by nonbank financial instituti...
The central bank circus was on full display this week as the Federal Reserve's Open Market Committee held a two-day meeting only to emerge with another mind-numbing series of excuses for keeping interest rates at zero when the economy...Show More Summary