Federal Reserve System
Cain may not be able to pass US Senate hearings
Herman Cain likely to be rejected, but Stephen Moore’s chances still unclear
FOMC’s normalisation ‘largely successful’, St Louis Fed president says
Fed must “tread carefully” though, as inflation and yield curves offer challenges, Bullard says
The IFF China Report 2019: Redesigning the international trading and monetary system
Reform of the financial system that brought about the 2007–08 financial crisis has not gone far enough and advanced and emerging market economies must find a more co-operative way forward to ensure globalisation can continue.
The turmoil test for emerging and advanced economies
Greater integration between advanced and emerging market economies during globalisation has made both more susceptible to risk of spillover – financial contagion and volatility. As the US continues to normalise its monetary policy, deputy governor of…
Assessing the RBNZ’s new dual mandate
Researchers weigh pros and cons of multiple central banking objectives
Fed still open to rate hike this year
Lower for longer interest rates could lead to greater financial stability risks, FOMC members say
Now is a ‘critical time’ for Ibor transitions – Bailey
Global regulators convene in Washington, DC to tackle the transition to new benchmark rates
Yellen weighs in on Trump’s potential Fed nominations
Those “who come with a political view” may not get much traction at FOMC meetings, Yellen says
‘Does the Fed know more about the economy?’ asks San Francisco Fed
Researcher compares Fed and private sector growth forecasts
Fed considering imposing local liquidity requirements on foreign banks
The proposal will likely be one of the first of its kind in international regulation
Trump urges Fed to restart quantitative easing
It would turn the economy into a “rocket ship”, the president says
Trump plans to nominate second loyalist to Fed board
Herman Cain has strongly supported a return to gold standard in the past
People: New chief operating officer appointed at the Fed
Patrick McClanahan returns to US central bank to take up COO post; former Central Bank of Ireland chief dies; and more
Fed launches database on household wealth distribution
Database designed to help policy-makers understand the impact of their decisions on patterns of inequality
Fed to require fewer banks to submit resolution plans
The reform is the latest effort to streamline regulation under the Crapo Bill
Quarles defends decision to set countercyclical buffer at zero
But there may still be disagreement within the Fed’s ranks
Fed provides details on changes to stress-testing models
Central bank publishes report on 2019 stress-test models as part of transparency drive
US bank holding companies have become less complex – NY Fed paper
Researcher examines organisational, business and geographical complexity in decade after 2007
Atlanta’s Bostic lays out case for central banking with ‘ample’ reserves
Floor system performing well and has benefits, says Atlanta Fed president; Harker and Rosengren argue for shift in balance sheet composition
Fed has limited tools to combat climate change impact – San Fran Fed paper
But central banks can do more to research appropriate policy responses to climate change
Trump nominates loyalist Stephen Moore for Fed board
“Donald Trump wanted to drain the swamp. The Fed is the swamp,” Moore says
Book notes: Floored!, by George Selgin
Michael Reddell remains unconvinced the Fed’s introduction of the IOR prolonged the recession, but credits Selgin’s argument the IOR policy made the central bank a more powerful credit lender
FOMC cuts rate projections as Powell warns of slowing growth
Federal Reserve’s rate-setting body projects slower inflation, higher unemployment
Fed set to end quantitative tightening in September
FOMC will also slow the pace of its balance sheet reduction programme from May