The Federal Reserve Bank of New York on Thursday filled top roles on its markets desk and financial services group, plugging leadership gaps in units responsible for critical functions essential to Wall Street and the banking system as a whole.
With memories of September's historic spike in short-term funding costs still raw, Wall Street and the Federal Reserve are gearing up for another potential cash crunch at year end.
Federal Reserve officials are looking into whether supervisory and regulatory constraints contributed to the recent rupture in money markets, Fed Chair Jerome Powell said on Wednesday, adding that officials were open to adjusting rules to help minimize volatility in the federal funds rate.
NEW YORK, Dec 10 The Federal Reserve's efforts
to calm money markets could fall short at the end of the year,
potentially leading to a spike in Treasury yields and forcing
the central bank to resort to launch a round of quantitative
easing, a Credit Suisse analyst warned this week.
EAST HARTFORD, Conn For the first time in a while, Diomedes Dilone is earning enough money that he can afford to take the weekends off.
WASHINGTON The U.S. economy expanded modestly from October to mid-November and the outlook for growth was generally positive while labor markets remained tight across the country, the Federal Reserve said in a report on Wednesday.
PROVIDENCE, R.I. Monetary policy is "well positioned" to support the strong labor market, which is just now starting to benefit workers on the margins, Federal Reserve Chair Jerome Powell said Monday.
CLEVELAND Cleveland Federal Reserve President Loretta Mester said on Thursday that financial firms and regulators should be more agile and share information to better combat cybersecurity threats.
NEW YORK The Federal Reserve will hold off deciding whether to introduce a permanent lending facility aimed at staving off the money market ructions seen earlier this fall even as a growing number of policymakers warm to the idea, several sources told Reuters.