Federal Reserve News

Banks Should Be More Cautious on Crypto Contagion Risks, U.S. Regulators Warn

Banks should be more careful about the risks of fraud, legal uncertainty and misleading disclosures by crypto firms, U.S. regulators warned on Tuesday, just two months after the collapse of crypto exchange FTX stunned the financial world. In their first …

Federal Reserve Issues Guidance for Banks Considering Crypto Activities

The U.S. Federal Reserve on Tuesday issued additional guidance for banks considering activities involving cryptocurrencies, emphasizing that firms must notify the Fed beforehand and make sure whatever they do is legally permitted. The Fed said in a statement that while …

Powell Says Fed Will Fix Inflation, Calls Price Stability ‘Bedrock’ of Economy

Calling stable prices the “bedrock” of the economy, Federal Reserve Chair Jerome Powell said on Thursday the U.S. central bank’s battle to control inflation would “include some pain” as the impact of higher interest rates is felt, but that the …

Inflation, Ukraine War Seen as Chief Financial Risks

High inflation, volatility in stock and commodity markets and the war in Ukraine have emerged as the chief risks to the U.S. financial system, the Federal Reserve reported on Monday in a biannual update on financial stability that warned of …

Global Supply Pressures Eased in February, New York Fed Says

Global supply chain pressures eased in February as backlogs and delivery times improved in several key markets and a measure of ocean shipping costs declined, according to new data from the New York Federal Reserve released on Thursday. The New …

Fed’s Powell Prepares for Possible Pivot With Inflation Risks Rising

The U.S. central bank needs to be ready to respond to the possibility that inflation may not recede in the second half of next year as most forecasters currently expect, Federal Reserve Chair Jerome Powell said on Wednesday. In his …

Labor Force Participation Rebound Will Take Time: Research

The U.S. Federal Reserve faces a long slog if it hopes for the country’s labor force participation rate to climb back to pre-pandemic levels according to new research identifying a participation “cycle” that typically lags falling unemployment rates by nine …

Risks of Business Failures ‘Remain Considerable,’ Says Fed

The risks of ongoing business failures in the United States “remain considerable” even as the economy emerges from the coronavirus pandemic, the Federal Reserve said on Friday in its semi-annual monetary policy report to Congress. Business borrowing “now stands near …

Getting Digital Currency Right More Important Than U.S. Being First, Says Fed’s Powell

In any development of a cross-border digital currency, it is more important for the United States “to get it right than be first,” U.S. Federal Reserve Chair Jerome Powell said on Monday. “We do think it’s more important to get …

Fed Leader Says ‘Pernicious’ Effects of Redlining Against Blacks Still Persist

The “pernicious and persistent” impact of long-outlawed policies like “redlining” Blacks out of white neighborhoods continues to influence the ability of minority families to amass wealth, and requires a deeper look at how those longstanding problems might be addressed, Atlanta …