Federal Reserve
Jefferson: Cautious optimism for economy, productivity crucial for disinflation
Federal Reserve Vice Chair Philip N. Jefferson expressed cautious optimism for the economic outlook, citing a stabilizing labor market and potential for sustainable growth.
Focus
Cook Signals Caution Amid Stalled Inflation and Balanced Labor Market
Federal Reserve Governor Lisa D. Cook outlined her economic outlook, noting resilient U.S. growth, inflation stalled above 2 percent, and a stabilized labor market.
Annual stress test scenarios for 2026 finalized, capital rules unchanged
The Federal Reserve Board has finalized the hypothetical scenarios for its 2026 annual supervisory stress test, effective February 15, 2026.
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Banks use loan covenants to manage monetary policy exposure
A new Federal Reserve study finds that banks use stricter loan covenants to prepare for future monetary policy tightening.
Fed paper reveals rising wealth inequality in retirement
A new Federal Reserve paper introduces an annualized measure of comprehensive wealth, finding that median household wealth increases throughout retirement primarily for college-educated and White households.
Federal Reserve paper analyzes LLM preferences in economic reasoning
A new Federal Reserve paper explores the implicit preferences of large language models (LLMs) in economic reasoning, revealing structured latent preferences that can be steered.
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Fed Governor Waller dissents, urges policy rate reduction
Federal Reserve Governor Christopher J. Waller dissented at the most recent FOMC meeting, arguing for a 25 basis point cut to the policy rate.
Jefferson outlines economic outlook, defends 2025 rate cuts
Federal Reserve Governor Philip N. Jefferson shared a cautiously optimistic economic outlook for 2026, highlighting a stabilizing labor market and inflation returning to the 2 percent target.
Federal Reserve study details LSAP spillovers on euro area bank capital and lending
A new Federal Reserve study finds that U.S. large-scale asset purchases (LSAPs) affect credit provision in the euro area.
Bowman outlines economic outlook, cites labor market fragility
Federal Reserve Governor Michelle Bowman outlined her outlook for the economy and monetary policy, emphasizing that labor market fragility poses the greater risk to the policy path.
Fed paper finds Beige Book sentiment predicts GDP growth and recessions
A new Federal Reserve study applies natural language processing to the Beige Book.
Fed approves Prosperity Bancshares acquisition of Southwest Bancshares
The Federal Reserve Board approved the acquisition of San Antonio-based Southwest Bancshares, Inc. and Texas Partners Bank by Houston-based Prosperity Bancshares, Inc. The decision was announced on Thursday.