Riley Steward
Riley is a reporter for Central Banking, based in New York.
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Articles by Riley Steward
Biden orders CBDC report from Fed and other agencies
Report must advise on how possible CBDC would affect US security and sovereignty
Markus Brunnermeier on the need for CBDCs
The Princeton academic co-authored a paper for the European Parliament exploring the potential pitfalls of CBDCs. But they are still needed, he says
Economists warn Latin America faces another lost decade
Continent is “halfway to a lost decade already”, says World Bank’s Carmen Reinhart
Ukraine invasion raises questions for Fed policy and Latin America
Economists say some countries may benefit from higher commodity prices, but food inflation and uncertainty over Fed policy complicates the outlook
Brazil moves forward with crypto legislation
Economic committee votes to give the central bank new regulatory powers
People: Canadian deputy governor retires
Ghanaian deputy governor gets second term; IMF statistics director steps down, and more
Fed officials debate risks of a ‘hot economy’
Academics and policy-makers weigh up whether economy is now overheating
Stablecoin risks raise need for CBDC research – Brainard
ECB’s Panetta says “stablecoins are not money”, as Brainard weighs CBDC as possible alternative
Fed’s Brainard backs series of rate hikes followed by asset runoff
Governor says economy is responding appropriately to Fed communications and incoming data
US inflation hits highest level since 1982
FOMC voting members Bullard and Mester call for rate increase as inflation rises 7.5% in January
Fed paper explores stablecoins’ impact on financial system
Researchers say stablecoins could be a ‘digital safe haven’ during volatility, but design choices matter
Boston Fed-MIT team hails successful CBDC test
The project’s two open-source systems were able to process large transaction volumes
IMF officials warn of high-risk asset sell-off
Investment in emerging markets could be hit by over-aggressive tightening, economists say
Fed signals time will be right for rate hike ‘soon’
QE set to end in March, with balance sheet to start shrinking after rates rise
Canada removes forward guidance and maintains policy rate
Economic slack was absorbed rapidly in late 2021 and early 2022, bank says
Experts divided over Fed’s ‘intermediated’ approach to CBDC
Observers praise the Fed’s conservative pace but criticise aspects of its hypothetical system design
People: NGFS names Menon as chair
Armenia appoints a new deputy governor and the Polish senate approves two for the MPC
Consumer prices reach 30-year high in Canada
Wage increases fall below prices as consumers' inflation expectations reach record highs
Visa and ConsenSys launch plan to bridge CBDCs and traditional payments
Payments giant and fintech firm to develop “on-ramp” to link up existing and new systems
Fed Board announces regional chairs and deputies
Proportion of women and ethnic minority directors at regional Feds increases
Jamaica prepares for national CBDC launch
Country is in the vanguard of digital currencies as it begins its national launch this quarter
Afghanistan’s frozen assets trigger controversy as harsh winter looms
Cash that is “desperately needed” by ordinary Afghans remains frozen in overseas central bank accounts
Fed doubles pace of quantitative easing taper
FOMC says recent inflation figures and labour market strength drove the decision