Late 2023 or 2024 remains the target date for the launch of the Federal Reserve’s round-the-clock payments system, “FedNow,” the chair of the agency’s board affirmed in comments Thursday. Speaking to a conference hosted by […]
The chair of the Federal Reserve essentially took a pass Wednesday when asked a question during a press conference about the future of the revised supplementary leverage ratio (SLR), which is set to expire in […]
It’s a busy week ahead for members of the Federal Reserve Board, with testimony, speeches and lectures scheduled for the chair, both vice chairs and two other members of the board delivering views on a […]
The current accommodative target range of the federal funds rate will stay where it is in order to bring back labor market conditions somewhere approaching employment levels before the pandemic erupted last spring, the chair […]
The state of the U.S. labor market will be the focus of remarks next week by the chair of the nation’s central bank to a New York group, and priorities for the new chairman of […]
Financial stability vulnerabilities overall are moderate and the financial system itself has remained resilient in the face of the financial impact of the coronavirus crisis, the chair of the Federal Reserve said Wednesday. In remarks […]
Policymakers should continue to do what they can to manage “downside risks” to the economy’s outlook – including taking additional action to stimulate or protect the economy – particularly since the future remains “highly uncertain,” […]
The “Main Street Lending” (MSL) program has attracted involvement from financial institutions representing more than half of all banking assets – but fewer than 600 banks total – and has so far issued loans amounting […]
The Federal Reserve on Thursday announced changes in how it manages its targets for maximum employment and price stability, a decision informed by trends following the global financial crisis and discussed in a speech by […]
The monetary policy framework review will be the topic for the Federal Reserve Board chair presented during the annual economic policy symposium in Jackson Hole, Wyo. However, like many meetings in 2020, the session Aug. […]
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