The president of the St. Louis Fed said that regulators should go back to the pre-Dodd Frank framework for small banks, while warning about changes to the system as fintechs expand their presence.
The release of the September meeting of the Federal Open Market Committee minutes reinforce concerns that the central bank doesn't fully grasp the interplay between monetary policy, inflation, and unemployment.
Society has accepted central banks’ monopoly over creating and controlling the flow of money, but history and current technological innovations point to alternative approaches.
With Federal Reserve Board Chair Janet Yellen's term due to expire in February, speculation is rampant in D.C. about who might replace her — or whether she will be replaced at all.
House Republicans are ramping up their criticism of the Fed for making interest payments to member banks on excess reserves, and may have identified a way to counter claims that the payments are critical to monetary policy.
Fed Chair Janet Yellen called the Treasury's report a "complicated document" that shared many of the central bank's objectives, including reducing regulatory burden without sacrificing safety and soundness.
The expansion of the Federal Reserve’s portfolio of Treasury debt and mortgage-backed securities has a bigger impact on the credit markets than paying banks interest on excess reserves.
Contrary to others’ opinion, interest on excess reserves is part of the Federal Reserve’s monetary policy that serves to reduce volatility and encourage growth.
