Biden to Keep Powell as Fed Chair
President Joe Biden announced Monday that he’s nominating Jerome Powell for a second four-year term as Federal Reserve chair, endorsing Powell’s stewardship of the economy through a brutal pandemic recession.
Fed: Climate Scenario Analysis a Key Tool for Banks
The Federal Reserve is working on developing a model to help financial institutions and regulators analyze the effects of climate changes on the industry and the economy.
Fed Offers its Own CRA Reform Package
Another attempt to overhaul the Community Reinvestment Act moved forward yesterday as the Federal Reserve released its proposal to modernize the legislation that encourages financial institutions to meet community credit needs.
Can Hurdles to Stablecoins be Safely Addressed?
Although Libra’s launch may be delayed indefinitely, it has nevertheless sparked a serious debate among central bankers, economic policymakers and lawmakers about the future role of stablecoins as an alternative to fiat currencies.
