Federal Reserve System
Fed moves to ban state banks from holding crypto as principal
Supervisors outline plan for “level playing field” between state and national banks
Fed deals double blow to crypto bank
Wyoming-based Custodia turned down for Fed membership and master account
Fed rate-setters differ over US labour pressures
Waller says labour market is tight, but Brainard says no sign of overall wage pressure
Federal Reserve fines bank over AML breaches on Covid-19 loans
Popular Bank allegedly processed six coronavirus-era loans with significant signs of fraud
Lael Brainard may take White House post
Biden could ask Federal Reserve vice-chair to lead economic council, reports say
Federal Reserve chair Powell infected with Covid-19
Illness means he may not be able to attend next rate-setting meeting in person
Some US banks “too big to manage”, OCC head warns
Acting comptroller Michael Hsu says agency may clarify regulation to improve governance
Federal Reserve saw fall in profits in 2022
Central bank remitted $76 billion to US Treasury, but has been in red since September
Fed presidents in chorus for smaller rate hikes
Harker, Daly, Collins and the departing Evans all signal preference for 25bp in February
Bank of Canada may be set for billions of losses
Think-tank warns losses could pose reputational risk for central bank
US CPI inflation falls again
Falling fuel prices drive down index for sixth straight month
Fed will not fight climate change without mandate, Powell says
Elected officials must take lead in policies to green economy, Fed chair argues
Cook suggests US may need to change inflation models
Fed governor believes inflation on path to 2% but tight labour market remains upside risk
Reserve Benchmarks 2022 – presentation
Reserves specialist Victor Mendez-Barreira speaks with Chris Jeffery about staffing and salaries, the inflation challenge, Bank of Russia sanctions, green investments, asset diversification, and reserve levels and liquidity lines.
FOMC waiting for ‘more evidence’ of inflation decline
December FOMC minutes show staff and policy-makers warning inflation risks remain high
Fed warns banks on crypto exposures
Regulators cite “lack of maturity and robustness” in crypto firms’ risk management
Rethinking the CCyB
As central banks rush to replenish bank capital reserves, the countercyclical buffer may need some fine-tuning
2022: The year in review
The invasion of Ukraine left central banks facing yet another exceptional set of challenges. Central Banking looks back at the stories that made the biggest impact this year
Kentucky restaurant sues Fed
Restaurant latest plaintiff to argue that debit interchange fees are illegally high
ECB adopts new ethics rules on trading
New rules ban holding of individual equities, similar to Fed reforms
Mexico continues tightening with 50bp hike
Central bank shadows Fed as it confronts ambivalent inflation figures
Currency round-up: Yellen’s signature added to US money
Singapore ends practice of printing new year notes; new coins in Canada and Ghana; and more
Fed slows rate rises with 50bp increase
Powell stresses possibility of soft landing supported by “structural labour shortage”
Inflation falls more than expected ahead of Fed meeting
Inflation expectations also drop, prompting calls for caution from the Fed