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On Tuesday, May 23, the Hutchins Center on Fiscal & Monetary Policy at Brookings will discuss lessons that the Fed should draw from the past three years, and what issues it should consider when it revisits the framework, as it has promised to do every five years.
Donald Kohn discusses why Silicon Valley Bank failed, what regulators did before and after the bank’s collapse, and whether or not this event could signal additional global financial problems in the future.
“Jerome Powell’s rhetoric is dangerous, and a Fed-manufactured recession is not inevitable — it’s a policy choice,” Sen. Elizabeth Warren said.
St. Louis Federal Reserve President James Bullard raised eyebrows Monday when he suggested that the Fed “has to follow through and ratify” market expectations of a half-percentage-point interest rate increase next month, or risk losing credibility.
Lael Brainard, nominated Monday by President Joe Biden to serve as vice chair of the US Federal Reserve, advocates for regulating the financial system, addressing climate risks and fighting economic…