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Governors serve unlimited terms in half of central banks
While term length averages five years, majority of governors can be dismissed early
- Benchmarking
NY Fed credit survey shows consumers are strapped
Study finds more people are having applications rejected and expect loans to be harder to secure
Smaller central banks more likely to manage government debts
Consumer protection widely overseen in larger institutions
- Benchmarking
Financial market infrastructure services: Nasdaq
Nasdaq has added a monetary operations portal to its cloud-based reserves services as part of its growing integrated suite
Half of central banks must be consulted on law changes
Practice is slightly more common at banks with government officials on the board
- Benchmarking
US farmers need extra revenue to make ends meet – research
Costs largely outweigh income generated by agri, says Richmond Fed study
Professional long-run inflation forecasts are flawed – study
Chicago Fed research says projections are bogged down by cognitive distortions and overconfidence
Bank of Canada cuts rates by 25 basis points
Monetary policy “cannot offset the impacts of a trade war”, says central bank
Eurozone outlines payment verification system
ECB says new service will build on work by Portuguese and Latvian central banks
US homes not adequately insured against disasters – report
Philly Fed study says most households do not have coverage to rebuild following catastrophic damage
Rates should stimulate economy in response to tariffs – study
Optimal monetary policy promotes employment and income, Minneapolis Fed paper argues