While first results from the Federal Reserve suggest banks are prepared for a severe downturn, they may have to hold on to more of their own capital.
The Richmond Federal Reserve Bank said that manufacturing activity in its district continued to decline in June, falling for the second straight month. The composite index of general business activity...
The Dallas Federal Reserve Bank said that manufacturing activity in its Texas district has now contracted for 18 straight months. The composite index of general business conditions edged somewhat higher,...
SINTRA (Reuters) - Federal Reserve Chair Janet Yellen is no longer due to speak at a global central bank summit starting on Monday, the second high-profile defection after the Bank of England's governor pulled out following Britain's vote to leave the European Union. Show More Summary
From the Philly Fed: The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for May 2016. In the past month, the indexes increased in 38 states, decreased in eight, and remained stable in four, for a one-month diffusion index of 60. Show More Summary
The Federal Reserve's stress tests of big banks found all 33 have enough capital to withstand a severe economic shock, though Morgan Stanley trailed the rest of Wall Street in a key measure of leverage.... This year, the hypothetical scenarios were seen as especially tough, calling for banks to assume -- in the most severe case -- that U.S. Show More Summary
The US Federal Reserve is following global financial market developments and is prepared to provide dollar liquidity to address market pressure following the UK decision to leave the European Union, the bank said in a statement on Friday.
From the Federal Reserve: The Federal Reserve is carefully monitoring developments in global financial markets, in cooperation with other central banks, following the results of the U.K. referendum on membership in the European Union. Show More Summary
Guest post by Jeff Mosenkis of Innovations for Poverty Action. Alicia Munnell, a Harvard-trained economist who studies retirement policy, worked for the Federal Reserve Bank of Boston, was Assistant Secretary of the Treasury and served on the president’s Council of … Continue reading ? The post IPA’s weekly links appeared first on Chris Blattman.
US banks have been expanding their accumulations of capital and credit-worthiness, putting them in better shape to withstand the financial pressures of any major economic downturn, the US Federal Reserve Board said in a press releas...
The U.S.’ largest financial institutions have enough armor to withstand the turmoil of a major and prolonged U.S. and global recession, the Federal Reserve said Thursday. The annual “stress tests” show that the 33 largest financial institutions, including JPMorgan Chase, Citigroup, Bank of America...
The Federal Reserve announced the results of its latest round of banking stress tests Thursday, saying that the 33 largest financial institutions in the US look safer. The tests, conducted since 2009 and mandated by the Dodd-Frank Act...Show More Summary
Polarization among US politicians has surged over the last decade. In a recent report to clients, a Goldman Sachs research team shared a chart of the Federal Reserve Bank of Philadelphia's Partisan Conflict Index, which tracks the degree...Show More Summary
From the Kansas City Fed: Tenth District Manufacturing Activity Increased SlightlyThe Federal Reserve Bank of Kansas City released the June Manufacturing Survey today. According to Megan Williams, survey manager and associate economist...Show More Summary
The Kansas City Federal Reserve Bank said that manufacturing activity expanded slightly for the first time since January 2015. The composite index of general business conditions rose from -5 in...
Federal Reserve Chair Janet Yellen recently appeared before the Senate Banking Committee to deliver the Semiannual Monetary Policy Report to the Congress. A handful of Senators queried Yellen as to the lack of diversity among both the...Show More Summary
WASHINGTON (Reuters) - The Federal Reserve Bank of New York might begin taking closer looks at international money transfers using the SWIFT network, Fed Chair Janet Yellen said on Wednesday in response to questions over a recent theft by cyber criminals. Show More Summary
Each month the Federal Reserve Bank of Philadelphia produces a monthly coincident index for each of the 50 states in an effort to "summarize current economic conditions in a single statistic." With its current reading of 60, it is now back to late 2010, early 2011 levels...
WASHINGTON (Reuters) - Federal Reserve Vice Chair Stanley Fischer defended the Fed's approach to the too-big-to-fail issue on Wednesday, telling a conference in Sweden that the central bank's proposals would limit the fallout from a major failure and take taxpayers off the hook. Show More Summary
In a 2002 book called Why Britain Should Join the Euro, a team of experts including LSE economist Richard Layard, Federal Reserve Chairman Paul Volker, European Bank Chief Economist Willem Buiter, Chris Huhne, who sat on the European Parliament's Economic and Monetary Affairs Committee, and others set out the risks of not joining the euro. Show More Summary