News stories tagged Federal Reserve

Senate Approves Dr. Lisa Cook as First Black Woman on Federal Reserve Board of Governors

The Senate confirmed economist Lisa Cook on Tuesday to serve on the Federal Reserve’s board of governors, making her the first Black woman to do so in the institution’s 108-year...

Fed Hikes Rates Half-Point as Powell Signals Similar Moves Ahead

Courtesy of Matthew Boesler and Steve Matthews, Bloomberg Interest-rate increase marks largest upward move since 2000 Stocks rally as Powell pushes back on 75 basis-point Fed move The Federal Reserve...

Panel schedules vote on all five Fed nominees

(Feb. 4, 2022) Less than two weeks from now, the nominations of those testifying this week – along with two other Fed nominees – will be considered in vote by...

Fed nominees sit for confirmation hearing

(Feb. 4, 2022) Three nominees for seats on the Federal Reserve Board sat before the Senate Banking Committee Thursday to face questions on their nominations to the agency leadership. Sarah...

Fed issues ‘first step’ paper on CBDCs

(Jan. 21, 2022) Pros and cons of a U.S. central bank digital currency (CBDC) are examined in a discussion paper released by the Federal Reserve Thursday, the agency said, which...

Former state regulator among trio of Fed nominees

(Jan. 21, 2022) The names of three candidates to fill three open seats on the Federal Reserve Board are now in the hands of the U.S. Senate – including the...

Nominations for Harper, Fed leaders, resubmitted

(Jan. 7, 2022) The nomination of Todd M. Harper to be reappointed chairman of the NCUA Board, for a six-year term to run through April 2027, was resubmitted by the...

BRIEFLY: Former state regulator up for top Fed supervisor seat, reports say; Nebraska turns back bank purchase by CU; CFPB calls out credit reporting agencies

(Jan. 7, 2022) Sarah Bloom Raskin, a former Maryland financial institution regulator who also served as a deputy Treasury secretary and member of the Federal Reserve Board, is under consideration...

Fed, CFPB set new fee schedules for 2022

(Dec. 3, 2021) Fees – both mandatory and maximum allowable — are on the increase for 2022 under actions taken this week by the CFPB and the Federal Reserve. A...

Biden begins making his mark on Fed

(Nov. 24, 2021) Leadership at the Federal Reserve would be solidified at least through 2026 if President Joe Biden’s (D) nominations for chair and vice chair of the board, made...

Rule finalized requiring notification of cyber incidents

(Nov. 24, 2021) A final rule requiring banks to notify their federal regulators of certain cyber incidents with potentially systemic effects was approved jointly late last week; it takes effect...