Riley Steward
Riley is a reporter for Central Banking, based in New York.
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Articles by Riley Steward
Payments Benchmarks 2024 report – towards tokenisation
Benchmarks highlight optimism on tokenisation, hostility to crypto and efforts to upgrade RTGS
Non-banks in RTGSs: greater efficiency or more risk?
Policy-makers and practitioners from central banks in Brazil, Hungary, Israel, Romania, Rwanda and the US share their perspectives
Financial statement revisions can predict bank instability – research
Central Bank of Brazil researchers looked at 7.4 million financial items from 1,812 banks
Bank of Canada reduces rates by 25bp
Macklem says runway for a soft landing is in sight and policy is working
Atlanta Fed cuts second-quarter US GDP estimate
Bostic says “orderly slowdown” could be positive news
Fed research investigates supply chain resilience
Stiglitz and co-authors look at firms’ investment in production capacity
Beth Hammack named new Cleveland Fed president
Former Goldman Sachs executive will vote on Fed policy in 2024
Global supply chains undergoing “great reallocation”, expert says
Mexico is biggest winner from US trade shift, economist tells Atlanta Fed conference
Fed policy-makers express frustration over price rises
Officials draw differing conclusions on the outlook for the labour market
Fed paper looks at US opioids crisis
Banks are causing credit contraction in worst-affected communities, researchers say
Research queries monetary policy ability to curb financial crises
“Leaning against the wind” is unlikely to work, New York Fed paper argues
Fed releases guidance on third-party services
Fed board warns of possible operational, compliance, financial and strategic risks
Banxico paper probes forced labour’s lingering effects in Ecuador
High forced labour involvement is associated with decreased descendants’ income
Retail CBDC complexity may discourage adoption, says research
Kansas City Fed author argues Caribbean CBDCs have struggled to add value
Fed holds rates as it struggles with inflation’s last mile
Experts disagree over risks of rising inflation and difficulty of Fed’s position
US needs to change bank takeover rules, FDIC official says
Rohit Chopra criticises SF Fed over bank linked to Sam Bankman-Fried firms
Nigerian governor declares fixed exchange rates are over
Cardoso says central bank plans to move to an inflation-targeting regime
Fed policy-makers disagree over risks
Williams and Goolsbee say policy is restrictive but Logan takes different view
Africa’s CMA revamps cross-border payments over AML fears
Central Bank of Lesotho officials say the transition should be smooth but challenging
New measurement shows ‘historically high’ Canadian financial stress
Financial fragility is concentrated among renters and some mortgage holders, paper says
Fed officials say strong economy gives them flexibility and time
Kugler, Barkin and Powell say upside and downside risks are evening out over time
Slight majority of US consumers ‘warm’ to CBDC, survey says
Respondents most interested in free use and widespread market adoption, Philadelphia Fed finds
Federal Reserve posts largest operating loss ever
As of March 21, the Fed owed $157.8 billion to an accounting device, a “deferred asset”
Digital money could boost Pacific island economies – IMF research
Loss of correspondent banking relationships may be offset by digital money infrastructure