“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 […]
Supervision and regulation of large banks will need to be strengthened in the wake of the recent failure of two institutions, the chair of the Federal Reserve Board said Wednesday. Speaking to the press following […]
The Federal Reserve is on the lookout for a new board vice chair following the announcement Tuesday that the incumbent will move over to the White House to lead the president’s National Economic Council, according […]
The rise of interest rates has, as yet, had little impact on financial stability, especially as the banking system remains well capitalized, the chair of the Federal Reserve Board indicated Wednesday. Speaking to reporters after […]
The Federal Reserve Board now has a permanent chair, and is a step closer to having its full contingent of seven members after action in successive days by the U.S. Senate. Jerome H. (“Jay”) Powell […]
Lisa DeNell Cook will be the next governor of the Federal Reserve Board once she is sworn in, following a confirmation vote by the full Senate Tuesday. Cook was confirmed by a vote of 50-50, […]
Confirmation of a new Federal Reserve Board member could be considered this week by the Senate if the nomination clears a procedural vote, according to the Senate’s schedule for the week. The nomination of Lisa […]
Confirmation of two nominees for positions on the Federal Reserve Board may be considered early this week under a schedule set by the Senate majority leader. Under the Senate’s Executive Calendar for Monday, the Senate […]
The implications for the U.S. economy are “highly uncertain” in the wake of the Russian attack on Ukraine, the leader of the Federal Reserve Board said Wednesday, although he also pledged that the agency would […]
Five Federal Reserve Board nominees received “yes” votes Wednesday for a recommendation to the Senate for confirmation from all 12 Democratic members of the Senate Banking Committee – but none of the 12 Republicans on […]
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