Federal Reserve
Bowman: Fed reforms target AI, stablecoins, banking resilience
Michelle W. Bowman, Vice Chair for Supervision at the Federal Reserve, testified on the banking system's resilience and ongoing regulatory reforms.
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Euro area inflation perceptions drive consumer expectations
A Federal Reserve working paper shows that euro-area households' perceptions of recent price changes significantly influence their inflation expectations.
Digital bank runs possible even with safe reserves
A new Federal Reserve paper reveals that digital money can experience runs even when fully backed by safe reserves.
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Double inertia rules improve monetary policy fit
A new Federal Reserve study finds that 'double-inertial' Taylor rules significantly improve the explanation of U.S. monetary policy gradualism.
Tariffs raise prices, cut spending for US households
A Federal Reserve study estimates that 2025 U.S. tariffs led to a 1-2 percent price increase and a roughly 4 percent drop in household spending.
Financial liberalization fuels booms, raises crisis risk
A new Federal Reserve study finds that financial liberalizations directly expanding credit supply lead to temporary economic booms but increase the risk of financial crises.
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Powell: Fed independence vital for public trust
Federal Reserve Chair Jerome Powell stressed the vital importance of independent public institutions, particularly the Fed, for maintaining democracy and public trust.
Fund manager skill and efficiency: Alpha decomposition reveals insights
A new Federal Reserve study introduces 'efficiency' as a measure of mutual fund manager ability, decomposing abnormal returns (alpha) into this new metric and traditional 'skill'.
Fed scenarios 1968-2020: Value and limits for risk management
A new Federal Reserve paper documents 1,265 staff alternative scenarios presented to the FOMC from 1968 to 2020.
Bowman details framework for practical Fed policy
Federal Reserve Vice Chair for Supervision Michelle W. Bowman presented her framework for practical monetary policy decision-making.
Jefferson flags global risks, upside inflation pressures
Federal Reserve Vice Chair Philip N. Jefferson outlined three global economic developments, including elevated energy prices and AI advancement, that could impact the U.S. economy.
Cook highlights AI's economic promise, warns of inflation risks
Federal Reserve Governor Lisa D. Cook discussed the opportunities and risks of artificial intelligence for the economy and financial system.