Articles by Riley Steward
Uses of CBDC are unclear, several officials say
Officials differ over whether digital currency could increase financial inclusion
Educating banks is key to CBDC project, ECCB officials say
Crypto asset providers tried to take advantage of CBDC launch, deputy governor says
Dollar remains key to central banks’ reserves
Renminbi purchases come with possible legal risks, Central Banking’s Autumn Meetings told
Regional Feds divided on discount rate
New York and San Francisco were dovish compared with counterparts in Minneapolis
CBDC, cash and fast payments: the view from the IMF meetings
Digital currency and fast payments present ample opportunity for improvements, say policy-makers
US and European policy-makers feel ‘vindicated’ over aggressive hikes
QT may deserve a slower approach than traditional policy, says Jacob Frenkel
African governors face multiple financial ‘floods’
Kenyan governor says a “doubling, tripling” of access to IMF resources is needed
Armenian governor argues for ‘paradigm shift’ in forecasting
Base case should be abandoned in favour of multiple scenarios, says Martin Galstyan
World has ‘very little space’ for policy, says Georgieva
Carney, Georgieva, Donohoe and El-Erian agree room is limited and mistakes are punished harshly
Global risks at worst in four decades, says IMF
Financial stability report paints a picture of growing vulnerabilities
Open-ended mutual funds may destabilise markets, says IMF paper
Funds with daily redemption create “major potential vulnerability”, researchers say
Inclusive growth must come after price stability, says Fed’s Jefferson
First speech as a governor re-emphasised hawkish Fed statements forecasting slow growth
Regional Fed presidents signal resolve and acknowledge recession risks
Fed’s Collins, Mester, Bullard, Evans, Kashkari and Daly speak on the path ahead for policy
Fed raises interest rate 75bp for third time
Powell reiterates pledge to “keep at it” until inflation is back to 2%
US CBDC research ‘could take years’, says Treasury
Report weighs design choices that could underpin digital dollar
US needs tighter policy, former senior Fed adviser says
Higher rates will cause little damage to supply chains, David Wilcox argues
Fed’s QT will be more complex this time, official says
Overnight repurchase liabilities make up a larger portion of balance sheet than before
US will take ‘some time’ to decide on CBDC, Powell says
Fed chair says it must act to prevent inflation expectations rising
Cyber induced bank runs pose “huge risk”, says Richmond Fed’s Barkin
Banks lack proper cyber security metrics and should learn from other firms, argues senior Fed official
New Dallas Fed president says inflation is top priority
Lorie Logan pledges to build relations with local population and work on behalf of community banks
Fed’s QT reaches maximum as critics warn of stability risks
Former RBI governor Rajan and co-authors argue QT may pose risks for financial stability
Case for retail CBDC ‘not compelling’ in Singapore – Menon
But MAS is building CBDC and sees some “promising use cases” for digital assets
Powell promises ‘forceful’ action to reduce inflation
Fed chair warns against premature loosening and says cutting inflation “will take some time”
Inflation targeting’s time may be over, Adam Posen says
Posen says changes to global economy may necessitate complete rethinking of monetary policy