Press conference: Federal Reserve (post-FOMC meeting)
Federal Reserve Board Chairman Jerome H. (“Jay”) Powell holds a press conference following the two-day meeting of the Fed’s rate-setting Federal Open Market Committee (FOMC).
Federal Reserve
CFPB
THIS WEEK: Powell remarks after FOMC meet; FDIC vote on CBLR; payday (PALs II) rule for CUs; 2nd CFPB symposium
(Updated Sept. 18, 2019) A vote on a final community bank leverage ratio (CBLR), a press conference featuring Federal Reserve Board Chair Jerome (“Jay”) Powell (following the close of a monetary policy setting session), and […]
The Fed
Senate confirms Bowman to Fed Board through January 2034
The Senate on Thursday approved Michelle (“Miki”) Bowman’s reappointment to the Federal Reserve Board for a full, 14-year term, ensuring her ability to remain on the board through Jan. 31, 2034. Bowman was first nominated […]
The Fed
Fed terminates enforcement order with IL bank holding company
An enforcement action entered into in September 2010 between the Federal Reserve Board and Homestar Financial Group, Inc. (Manteno, Ill.) was terminated Sept. 3, the Fed said Tuesday. The 2010 agreement directed the board of […]
The Fed
Apparent Powell, Trump estrangement continued in July, calendar shows
For the second month in a row, the chairman of the nation’s central bank and the president of the United States had no apparent contact – interrupting what had been, at least, monthly contact between […]
The Fed
Proposal would set capital requirements for insurance firms supervised by the Fed
A proposal to establish capital requirements for certain insurance companies supervised by the Federal Reserve – referred to as the “Building Block Approach (BBA)” – was issued by the central bank Friday, with the caveat that […]
The Fed
Nebraska bank fined for flood insurance violation; 12-year old action ended against Miami bank for money-laundering
A Nebraska bank must pay a $37,000 civil money penalty (CMP) for a violation of flood insurance requirements, and a Miami, Fla., institution no longer faces an enforcement action that was first applied 12 years […]
The Fed
Quarles says stress capital buffer could be ready for 2020 stress tests, nods to U.K. approach on countercyclical buffer
A final stress capital buffer (SCB) framework – one that may eliminate two provisions of the framework proposed in 2018 in favor of one or two other options under consideration – could be in place […]
The Fed
Beige Book notes ongoing, modest economic growth; several districts report modest loan growth
Modest growth in loan volumes in several of the Federal Reserve’s 12 districts was one of the findings of the Fed’s latest Beige Book, an informal snapshot of economic conditions based on input acquired as […]
The Fed
Fed likely to share findings from monetary policy review in first half of 2020, Bowman says
Findings from the Federal Reserve’s year-long look at its monetary policy strategy, tools and communication practices could be shared with the public in the first half of next year, the Fed Board’s community banking representative […]