Stay updated with breaking news from Fed Board. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
/cloudfront-us-east-1.images.arcpublishing.com/tgam/NGWPLPUTCZJYPKYCWG6IGW4YWE.JPG)
Responsibility for the Federal Reserve’s oversight of large financial institutions rests with staff in Washington and not with any regional Fed bank chief, former chair of the San Francisco Fed bank said
By Ann Saphir (Reuters) -Responsibility for the Federal Reserve's oversight of large financial institutions like the failed Silicon Valley Bank rests ...
Two lawmakers introduced a bipartisan bill to make the Federal Reserve's inspector general presidentially appointed and Senate-confirmed.
Policymakers and politicians love to flex their muscles. They actively try to boost or slow down economic activity based on their perceptions as to whether the economy is “too hot” or “too cold.” It’s unfortunate; Americans are better served when the federal government remains neutral on economic matters. This rule applies to monetary policy as well, but the U.S. remains far from achieving a goal of monetary neutrality.
As the Federal Reserve reviews the failure of Silicon Valley Bank, and Congress prepares for hearings, oversight is getting a closer look.