Federal Reserve Bank of Kansas City
Powell gives hawkish speech at Jackson Hole
Fed chair warns monetary policy could do too little or too much
Custodia opens for business without Fed master account
Wyoming digital assets bank is continuing legal action against the US central bank
Kansas City Fed names new president
Former bank chief executive Jeffrey Schmid takes over from Esther George
Bullard steps down as St Louis Fed president
FOMC hawk will become dean of Purdue Business School after 15 years leading regional Fed
Ex-Fed vice-chair Quarles linked to bank seeking master account
Quarles’s involvement recalls controversy over Sarah Bloom Raskin
Kansas City Fed warns slow wage growth could spur debt problems
Subprime auto debt back above pre-pandemic levels and consumer debt at highest level ever
Fed details Custodia rejection decision
Decision says Wyoming firm has deficient management and risky business model
Fed spurns Custodia a second time
Central bank again denies membership application from Wyoming crypto firm
Fed deals double blow to crypto bank
Wyoming-based Custodia turned down for Fed membership and master account
Mark-ups made up more than 50% of US inflation – Kansas City Fed
Rise in mark-ups may point to opportunistic pricing by firms
Law change set to make Fed reveal holders of master accounts
Amendment grew out of dispute between Republican senators and Kansas City Fed
Proportionality in bank regulation: striking the right balance
The ‘final’ Basel III framework contains elements designed to make the rules fairer while reducing regulatory arbitrage. This means careful analysis is required when making any proportionality adjustments in the EU single rule book, writes Maurizio…
Liquidity dependence may hamper QE exit
Expanding reserves may prove perilous for financial stability, with maximum danger during QT, writes Viral Acharya
People: July to September 2022
A round-up of central bankers in the news and on the move during the past three months
Fed announces new guidelines after master account controversy
Rules will impose tight scrutiny on non-conventional applicants
Fed governors still talking tough on inflation
Lower inflation expectations and CPI come as positive signals for the path ahead
Rethinking regulation of the modern financial system
Bank of Italy’s Maurizio Trapanese writes that rules need to address uncertainty as well as measurable risks, entity types as well as activities, and should not be overly complex
US senator attacks regional Fed over fintech firm’s payments access
Kansas City Fed president Esther George refuses to release correspondence about terminating account
Virtual asset service provider sues Fed
Crypto firm wants “master account” but critics warn of regulatory problems
Esther George to step down as Kansas City Fed president
George will retire in January on reaching retirement age, after 11-year tenure
Biden nominates Barr for Fed supervision post
Previous nominee Sarah Bloom Raskin withdrew in March after Republican attacks
Raskin withdraws Fed candidacy
Nominee cites “relentless attacks by special interests” after key senators oppose bid
Raskin Fed role in doubt as key senators voice opposition
Manchin says appointment would “politicise” Fed with opposition to fossil fuels
US Senate Republicans stall Fed nominations
Raskin denies opposition lawmakers’ allegations that she engaged in untoward lobbying