New Fed office to aid stability, macroprudential efforts
The Federal Reserve on Thursday created an Office of Financial Stability Policy and Research to aid in the systemic risk oversight mandate of the newly-established Financial Stability Oversight Council (FSoc).
The office is intended to develop and coordinate Fed efforts in analysing risks to the economy by monitoring key indicators such as asset prices, leverage and financial flows.
The new office will also analyse policies to promote financial stability and aid the FSoc, the macroprudential
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