News stories tagged Federal Reserve

Dimon Says Brace for U.S. Economic ‘Hurricane’ Due to Inflation

June 1 – Jamie Dimon, Chairman and Chief Executive of JPMorgan Chase & Co described the challenges facing the U.S. economy akin to an “hurricane” down the road and urged...

The Federal Reserve Releases the May 2022 Financial Stability Report

The Fed’s Board of Governors released the May 2022 Financial Stability Report, which presents key insights into the state of the American economy. What did the Federal Reserve’s latest decisive...

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...

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...

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...

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...

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...

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...