News Topic: FOMC

John Williams, a monetary policy expert, has been a critic of Wall Street culture and has voiced concerns about financial startups not offering equal access to credit. ... Read full article

The New York Fed has tapped San Francisco Federal Reserve Bank President John Williams as its next president, concluding a search process that has drawn criticism for being inadequately considerate of candidates with more diverse backgrounds. ... Read full article

In an interview with American Banker, the outgoing president of the Federal Reserve Bank of New York discussed changes in supervision, bank culture and his advice to his successor. ... Read full article

While regulatory relief legislation would raise the asset threshold for “systemically important” banks, Federal Reserve Chairman Jerome Powell said the central bank could still apply prudential scrutiny to banks below that new cutoff. ... Read full article

Powell, a former investment banker who has served as a Fed governor, was confirmed by the Senate last month to a four-year term as chair of the central bank. ... Read full article

Her career at the Federal Reserve is one of stunning accomplishments, but time will tell how her tenure ultimately is remembered on bank regulation and stewardship of the economy. ... Read full article

Upper chamber approves nomination to succeed Janet Yellen; Twitter’s operations chief to take over online lender in March. ... Read full article

Senators overwhelmingly approved Jerome Powell to lead the Federal Reserve Board despite vocal opposition from some Democrats. ... Read full article

Bank says most of the benefits from tax reform will be used for dividends and buybacks; Michael Loughlin will stay on until his replacement is named later this year. ... Read full article

The Fed said Wednesday that the system paid roughly $80.2 billion to the Treasury in 2017, a 13% drop from a year earlier because of an increase in interest payments to member banks for reserve balances. ... Read full article

Despite concerns from Democrats about the bank regulatory views of Federal Reserve Board officials who will lead the central bank going forward, the current Fed chair said she is not worried. ... Read full article

Marvin Goodfriend, a noted economist and former Richmond Fed official, was tapped to fill one of three vacancies on the Fed board. ... Read full article

Federal Reserve chair Janet Yellen said interest on bank reserves should remain the central bank’s primary monetary policy tool ... Read full article

William Dudley is leaving before his term is up; esoteric bank security pays off big. ... Read full article

Many industry observers believe Federal Reserve Board Janet Yellen will retire from the central bank once her term as chair expires in February. But there are reasons she might stay. ... Read full article

Fed Gov. Jerome Powell, who was first nominated to the central bank by President Obama, is widely seen as a continuity choice. ... Read full article

Rule that would have made it easier for banks to be sued is repealed; a survey says the technology isn’t a priority for bank CIOs. ... Read full article

Quarterly earnings at big five banks could have been worse; Chase to buy WePay, which helps online marketplaces and crowdfunding websites process payments. ... Read full article