United States
FDIC chair says US community banks must upgrade technology
“Banks, if you do not innovate, you will lose in the long run,” Jelena McWilliams warns
Fed can now keep rates on hold, senior official says
Recent cuts have provided greater assurance Fed will hit inflation target, Charles Evans says
EMEs can resist spillovers with prudential policy – BoE paper
Some prudential policies work better than others, researchers find
Researchers use option prices to gauge ZLB risk – San Fran Fed
Chance of rates hitting zero lower bound by the end of next year is 16%, researchers find
Financial plumbing might be ‘rusty or clogged’ – Philadelphia Fed president
Patrick Harker calls for review of the US’s money market plumbing
Demand wanes for NY Fed repo operations
Term repo was undersubscribed today and overnight repo saw lower demand
Fed has a risk management problem – Richmond Fed president
“The economy is giving us conflicting signals,” Tom Barkin says
Kansas Fed’s George defends proposed instant payments system
Former FDIC head Bair warns current payment systems could fail “catastrophically”
Corporate debt levels would amplify downturn, Brainard warns
CCyB should be used when stability risks are inconsistent with dual mandate, governor says
Asymmetric inflation targets improve welfare – Chicago Fed paper
Fed can remove deflationary bias by adopting asymmetric target, model suggests
NY Fed president sends warning on Libor transition
Firms “sticking their metaphorical heads in the sand” must act now, Williams says
Fed researchers model impact of recent trade uncertainty
Trade uncertainty could account for a 1–2% decline in US investment, researchers say
Yellen condemns ‘unacceptable’ treatment of female and minority economists
Former Fed chair says more needs to be done to tackle discrimination in the profession
Inflation models must pay more attention to globalisation – Brookings paper
Global factors more important for some inflation measures since 2008 financial crisis, researcher finds
Regional Fed presidents differ starkly over US economy
Boston Fed president warns of easing risk creates risks, but St Louis Fed chief says manufacturing is in recession
Economists propose solutions to Fed’s liquidity problem
New York Fed prepares for sustained series of interventions in coming weeks
Rate round-up: Fed triggers further global easing
Fed cut prompts flurry of action, with many central banks hinting at a more dovish stance
New York Fed injects liquidity for third straight day
Operation was oversubscribed for second day in a row, with banks requesting $83 billion
Fed cuts rates and makes further ‘technical adjustment’
Fed doesn’t see funding pressure episode having implications for its ability to control rates
Economists use payments data to build high-speed indicator
Team says transaction-based metric gives quick insight into consumer spending
30 years of central banking
Central banks face credibility tests on a number of fronts
Fed provides update on future RTGS system
FedNow cross-border payments could be considered in future, the central bank says
Global growth will strengthen in 2020, says strategist
Central banks should be cautious about responding to manufacturing slowdown, Kevin Gardiner says; Fed likely to cut again in September 18 decision
BIS: forex volumes rise to $6.6 trillion as London trading soars
While the UK capital reinforces its prominence in forex markets, trading in Asian currencies heats up