The chair of the Federal Reserve Board and the Treasury secretary kept in relatively close contact in at the year’s beginning, according to the chair’s published calendar, but there was no contact with President Donald […]
Elevated levels of unemployment or inflation can be damaging and painful for communities, families, and businesses, the chair of the nation’s central bank said Wednesday as he pointed to higher tariffs that are likely to […]
A representative picture of what Americans own—from houses and cars to stocks and bonds—how and how much they borrow, and how they bank, as well as their feelings about their economic situation and that of […]
Federal Reserve Board Chair Jerome H. (“Jay”) Powell was succinct and clear Thursday about whether he would resign from his job if asked by the new president-elect – a man who during his first term […]
Federal Reserve Board (FRB) Chair Jerome H. (“Jay”) Powell said Wednesday he stands behind the Basel III endgame changes outlined Sept. 10 by the board’s vice chair for supervision and that he was involved in […]
A final rule on stricter capital requirements (implementing the so-called “Basel III endgame”) will reflect “broad support” on the Federal Reserve Board, the agency’s chair said Wednesday. During a press conference following the announcement of […]
The Federal Reserve Board has a new vice chair and a full complement of seven members following the swearing in Wednesday of three newly Senate-confirmed governors for the central bank. Phillip N. Jefferson, Lisa D. […]
The banking system is sound and resilient, the interest-rate setting committee of the Federal Reserve Board said Wednesday following action by the panel to raise interest rates by 25 basis points, citing inflation risks – […]
Having in place appropriate rules and supervisory practices for banks of the size that failed in March and early May, and the resulting stress for other banks, highlight the importance of appropriate rules and supervision, […]
“The U.S. banking system is sound and resilient,” the Federal Reserve’s rate-setting committee said Wednesday, pointing to that fact (among others) to make no changes to interest rates, at least for now. Additionally, the leader […]
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