United States
Yellen unsettles markets with rate rise comments
Treasury secretary’s offhand comment about raising interest rates leads to stock selloff
Lights. Camera. Reverse repo: Fed to be dramatised in TV series
Warner Brothers Television developing “The Fed” drama series for IMDb TV
People: US set to name OCC chief; IMF’s Werner to retire
New deputy governor appointed in India; former Ecuadorian general manager dies; and more
Dallas Fed chief wants to talk about tapers
Comments may indicate split at Fed, though FOMC remains committed to asset purchases
Central clearing of Treasuries could cut disruption – NY Fed paper
Central clearing could have avoided most settlement failures during Covid-19 crisis, authors say
Central bank ‘activism’ risks long-run costs, paper argues
Central banks acting outside their mandate is “never without cost”, law professor says
Fed plays down US economic rebound
Powell says economy still “a long way from our goals” as FOMC holds policy steady
Navigating the hazards of inequalities
Inequality poses a serious challenge for central bank communications, says Mike Hannah
Fed must clarify future of QE, IMF says
IMF warns that rising longer-term Treasury yields could have major impact
Black applicants face US mortgage discrimination – Philadelphia Fed paper
Lower approval rate cost Black Americans more than $200 billion between 1994 and 2018
People: deputies appointed in China and El Salvador
New MPC member in Turkey; former RBI governor dies; and more
Communities struggle to access stimulus funds – Richmond Fed
Barkin details challenges of getting relief funds to recipients
Zhang Tao on the IMF’s fintech agenda, CBDCs and big tech oversight
IMF deputy managing director speaks about the fund’s perspectives on CBDC operating frameworks, regulating big tech and macrofinancial oversight in a digital world
Biden stimulus will not move inflation much – Chicago Fed paper
Research finds most models predict very limited and short-term increases
Fed may make Fima permanent – SF president Daly
SF Fed president says policy-makers also considering creation of domestic repurchase facility
Covid-19 support may have created “zombie firms” – BIS economists
Policy-makers should impose tighter lending standards and reform bankruptcy law, analysts argue
MMT rests on ‘untested statements’ – Richmond Fed paper
Authors warn that modern monetary theory rests on shaky foundations
Demand for US services likely to rebound- Cleveland Fed survey
Study says US consumers have become more optimistic, except older people
SF Fed president says inequality could have cost US $2.6 trillion in 2019
Research paper argues opportunity and pay could increase labour output 40% by 2029
People: UAE president restructures central bank board
Cleveland Fed appoints senior vice-president to head project on improving US Treasury’s tax collection
New FOMC target may be shifting expectations – research
Cleveland Fed paper says some professional forecasters driving rise in inflation expectations
Richmond Fed: is US ready for digital dollar?
Brief argues there are questions to answer before embarking on CBDC
Republican senator accuses Fed of politicising research
Toomey demands documents from San Francisco Fed on climate and racial justice studies
A latent rise in r* could upend monetary policy
A rising natural rate could create serious challenges for policy-makers, write Jorma Schäublin and Philip Turner