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Federal Reserve policymakers scaled back their expectations for rate hikes this year after a series of bank collapses roiled markets last month, and stressed they would remain vigilant for the potential of a credit crunch to further slow the economy, a record of the meeting showed.
Federal Reserve staff are projecting that the banking crisis would trigger a recession later this year, minutes from the March FOMC meeting show.
The Office of Financial Research — a Treasury agency tasked with examining sources of systemic financial risk — published a report that found that full integration of a central bank digital currency could hurt banking-sector stability but offers significant benefits for consumers.
By Alberto Arellano More money was spent on federal building renovations by the Biden Administration ($2.5 billion) than the Taj Mahal’s $850 million construction cost. The Federal Reserve is struggling to hold expenses for government properties as it fights to control inflation. Federal Reserve Chair Jerome Powell testifies before the House Committee on Financial Services
The Federal Reserve's goals of price and financial stability are in tension, Derek Tang writes.