Federal Reserve

Finance & Economics

Federal Reserve Governor Lisa Cook Says About Importance of Cautious to Policy Easing

The governor of the Federal Reserve System, Lisa Cook, said that the central bank of the United States needs to take a cautious approach when deciding on monetary policy easing.

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Inflation’s Tenacious Grip: Analyzing the Latest U.S. Economic Data

As the U.S. grapples with an enduring economic challenge, new data from the Bureau of Labor Statistics (BLS) released on Tuesday casts light on the persistent inflationary pressures facing the nation.

Finance & Economics

Jerome Powell Says Fed Needs More Confidence on Inflation to Cut Rates

Federal Reserve Chairman Jerome Powell, during a speech before the House of Representatives commission on Wednesday, March 6, said that the central bank of the United States is not yet ready to start making decisions on lowering interest rates, because, before appropriate measures, it is necessary to make sure that the final victory in the […]

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Atlanta Fed Chief Says About Prospects of Rate Cuts

Atlanta Fed President Raphael Bostic described the most likely, in his opinion, trajectory of the inflationary process in the United States in the current year as slow and bumpy.

Finance & Economics

Fed Fines Chinese Bank ICBC

United States regulators have reported fines of about $32.4 million against the Industrial and Commercial Bank of China.

Finance & Economics

Fed Signals Possibility of Rate Cuts

The Federal Reserve has said that the current cycle of interest rate hikes may be completed soon.

Finance & Economics

Fed Bank Watchdog Supports New Capital Requirements

The Deputy chairman of the Federal Reserve for Supervision, Michael Barr, during a speech at the American Bankers Association (ABA) event on Monday, October 9, said that lenders should consider the new capital requirements as a help, not an obstacle.

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Fed Warns Goldman Sachs Over FinTech Risk

The Federal Reserve issued a warning to Goldman Sachs about risk control and compliance with regulatory requirements in the unit of the investment bank specializing in financial technologies.

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Fed Raises Interest Rates

The US central bank has decided to raise interest rates to the highest level in the last 22 years.

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Federal Reserve Fines UBS

The Federal Reserve System last Monday, July 24, announced the application of sanctions in the form of fines against UBS due to the practice of committing misconduct by Credit Suisse in risk management of Archegos Capital Management, an investment fund that declared bankruptcy in 2021.

Finance & Economics

Fed Fines Deutsche Bank

The Federal Reserve System fined Deutsche Bank $186 million.

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Finastra Completes FedNow Certification

Finastra has become one of the first vendors in the financial services industry to complete the process of testing and certification for the FedNow  – Federal Reserve’s new instant payments service to launch this July

Finance & Economics

JPMorgan Creates AI Model to Analyze Fed Speeches

A week before the Federal Reserve meeting, JPMorgan Chase & Co. presented an artificial intelligence model based on ChatGPT, the purpose of which is to decipher an in-depth analysis of central bank messages and identify potential signals for the trading sector.

Finance & Economics

The Role of Abraham Lincoln in Establishing the National Banking System

President Abraham is The Great Emancipator for his part in black emancipation. But little is known of his exploits as a major proponent of the federal monetary structure. Andrew Jackson vetoed the “Bank Bill” to the Senate in 1832. Later on, Jackson tagged it as the greatest achievement of his life. The bill killed the […]