Central banks around the world lined up to hail Credit Suisse’s rescue, and emphasized the strength of the lenders under their remit. U.S. Treasury Secretary Janet Yellen and Federal Reserve
The US central bank will revisit the range of rules that apply to firms with more than $150b in assets, including stress testing and liquidity requirements.
Former Federal Reserve supervision chief Randal Quarles rejected the Fed’s criticism of oversight on his watch in its report Friday on the failure of Silicon Valley Bank.
US regulators are ratcheting up oversight efforts across the banking system as they lack the ability to quickly overhaul rules to blunt turmoil that’s already collapsed four mid-sized lenders.
Federal Reserve Chair Jerome Powell said he understood the harm done by high rates of inflation and pledged that policymakers would not flinch in bringing it under control.
(Bloomberg) -- Federal Reserve Chair Jerome Powell gave a clear signal he is open to pausing interest-rate increases next month and said that tighter credit conditions could mean the policy peak will be lower.Most Read from BloombergDisney Drops Plan to Move Workers to Florida, Closes HotelWall Street Fears $1 Trillion Aftershock From Debt DealNYC Skyscrapers Sit Vacant, Exposing Risk City Never PredictedUkraine Leader Zelenskiy to Visit Hiroshima in Bid to Rally AidMorgan Stanley CEO Gorman to
(Bloomberg) -- Federal Reserve officials are leaning toward pausing interest-rate increases at their meeting in June amid heightened uncertainty over the outlook, but signaled they aren’t yet ready to call an end to their battle against stubborn inflation.Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksLula Lashes Out and Sends Warning to Central Bankers EverywhereWorld’s Richest Man Loses $11 Billion After LVMH Stock RoutRussian Wagner Chief Blasts Outcome of Pu
The Federal Reserve should probably skip an interest-rate increase at its upcoming June policy meeting, Philadelphia Fed President Patrick Harker said.
The Federal Reserve’s June meeting is shaping up to be one of the trickiest in its 15-month campaign to tame inflation: Chair Jerome Powell seems intent on skipping an interest-rate increase, while explaining to the public that officials aren’t done yet.