Federal Reserve
Discount and federal funds rates maintained at existing levels
The Federal Reserve Board and the Federal Open Market Committee both decided to maintain key interest rates at their January 20 and 28 meetings.
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Cook optimistic on AI's long-term productivity, cautious on labor impact
Federal Reserve Governor Lisa D. Cook expressed optimism about artificial intelligence's long-term potential for innovation and productivity growth, while cautioning about its short-term impact on the labor market.
Waller outlines Federal Reserve's strategy for AI integration
Federal Reserve Governor Christopher J. Waller detailed the central bank's strategy for integrating artificial intelligence into its operational work.
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Federal Reserve proposes rule to codify ban on reputation risk in bank supervision
The Federal Reserve Board is inviting public comment on a proposed rule that would codify the removal of reputation risk from its supervisory programs.
Study reveals gender gap in credit card limits for mortgage applicants
A Federal Reserve study by Nathan Blascak and Anna Tranfaglia reveals a persistent, though economically small, gender gap in bankcard credit limits for sole mortgage applicants.
Waller questions January job data, hints at policy pause
Federal Reserve Governor Christopher J. Waller expressed skepticism about the strength of the January employment report, questioning if it signals a true labor market rebound.
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Federal Reserve schedules public meeting for EGRPRA review
The Federal Reserve Board will hold a hybrid public outreach meeting on Thursday, March 26. This meeting is part of its mandated review of regulations under the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA).
Bowman details risk-focused bank supervision, regulatory reforms
Federal Reserve Vice Chair for Supervision Michelle Bowman outlined the future direction of bank supervision and regulation.
Prediction markets offer real-time macroeconomic expectation insights
A new Federal Reserve paper evaluates the accuracy of Kalshi, a federally regulated prediction market, for measuring macroeconomic expectations.
Barr: AI to profoundly disrupt labor markets, boost long-term growth
Federal Reserve Governor Michael S. Barr outlined that artificial intelligence will deeply disrupt labor markets in the short term but lead to profoundly positive long-run economic effects.
Bowman advocates Basel changes to boost bank mortgage lending
Federal Reserve Vice Chair Michelle Bowman highlighted a significant migration of mortgage origination and servicing out of the banking sector.
FEDS paper proposes distinct crypto risk class for uncleared markets
A Federal Reserve Finance and Economics Discussion Series (FEDS) paper proposes classifying cryptocurrencies into a distinct risk class within the ISDA Standardized Initial Margin Model (SIMM) framework.