Federal Reserve
Discount rate held steady, AI impact on labor noted
The Federal Reserve Board approved maintaining the primary credit rate at 3.75 percent in meetings on June 8 and June 17, 2026.
Focus
Bowman: Responsible innovation expands financial inclusion
Federal Reserve Vice Chair Michelle W. Bowman emphasized that responsible innovation is crucial for expanding financial inclusion.
Barr explores AI's dual impact on living standards and inequality
Federal Reserve Governor Michael S. Barr discussed the potential for artificial intelligence to either broadly raise living standards or exacerbate income and wealth inequality.
Latest
Warsh outlines Fed policy review, holds rates at 3.5-3.75%
Federal Reserve Chairman Kevin Warsh affirmed the central bank's commitment to price stability and full employment in his first semiannual Monetary Policy Report to Congress.
Waller flags core inflation risk, policy path unclear
Federal Reserve Governor Christopher J. Waller stated that U.S. core inflation is at a crossroads, with its future trajectory uncertain.
Bowman: Regulation must prioritize risks, foster innovation
Federal Reserve Vice Chair for Supervision Michelle W. Bowman outlined four guiding principles for modernizing financial regulation.
More Topics
Fed establishes task forces to review monetary policy
The Federal Reserve announced the leadership and objectives of five new task forces.
Hours elasticity rises in recessions, capacity use explains why
A new Federal Reserve paper finds that the aggregate hours elasticity is significantly higher in recessions than in expansions.
Fed seeks comment on new anti-money laundering program rules
The Federal Reserve Board is inviting public comment on a proposed rule to update anti-money laundering and countering the financing of terrorism (AML/CFT) program requirements for its supervised banks.
Machine Learning improves volatility forecasts
A Federal Reserve working paper introduces a machine-learning framework to forecast implied volatility by partitioning the option surface.
Bowman details AI sound practices, seeks feedback
Federal Reserve Vice Chair for Supervision Michelle W. Bowman discussed the Financial Stability Board's consultation report on sound practices for artificial intelligence.
Waller says initial conditions and guidance shape transmission
Federal Reserve Governor Christopher J. Waller highlighted two key aspects of monetary policy transmission at a conference in Rome.