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Exclusive-Fed's Collins eyes about two rate cuts this year | WSAU News/Talk 550 AM · 99.9 FM

By Michael S. Derby NEW YORK (Reuters) - Federal Reserve Bank of Boston President Susan Collins is eyeing a couple of interest rate cuts this year amid expectations it could still take some time to get inflation back to targeted levels. “I am still...
United States Dan Burns Michaels Derby Michelle Bowman Susan Collins Bank Term Funding Program
Source: wsau.com

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Emergency Fed bank effort ends lending, as eyes turn to discount window

A Federal Reserve facility launched in haste a year ago amid the heavy stress triggered by Silicon Valley Bank's collapse closes for new business on Monday, amid evidence it helped turn the tide of trouble that risked derailing the economy and upending the central bank’s efforts to lower inflation. A year after the Bank Term Funding Program was unveiled on a Sunday afternoon -- when regulators feared a systemwide bank run might unfold the next day -- deposits have stabilized, bank l...
United States City Of United Kingdom New York Bill Nelson Peter Conti Brown
Source: yahoo.com

Fed's Mester said banks' Discount Window access needs tweaks

Federal Reserve Bank of Cleveland President Loretta Mester said Thursday she favors taking more concrete steps to make sure banks are ready to use a central bank liquidity facility aimed at helping the financial institutions in times of stress. Speaking at an event at Columbia University, Mester, as part of remarks that looked broadly at the financial system and how regulators can bolster its safety, flagged some potential reforms of the Discount Window, the Fed’s long-standing tool to p...
Michaels Derby Loretta Mester Federal Reserve Bank Columbia University Bank Term Funding Program Reserve Bank
Source: yahoo.com

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