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More than they currently do, says the Federal Reserve’s vice chair for supervision.
To not be so stubbornly good? “We still see the labor market running very hot,” one economist says.
Technology that can cause banks to fail overnight could force the Federal Reserve to upgrade its infrastructure, while continuing basic regulation to prevent failures from occurring in the first place.
States are upgrading IT and accessibility to unemployment insurance, but it’s a long hard road.
The plan would require big banks to keep more assets on hand. It could also affect regional banks, like the three that failed this year.
Jerome Powell has stuck to the same script on whether more interest rate increases are coming — but that script has a cliffhanger ending.
According to Ian Bremmer of Eurasia Group, tech companies are gaining increasing political power with fewer checks and balances.
If the Fed can tamp down inflation without sparking a recession, it would be only the second time in history in U.S. history.
For the first time in 15 months, the Federal Reserve has kept its key interest rate unchanged.
The latest data shows inflation is well below its peak of more than 9% a year ago. But there’s a ways to go before the Fed reaches its 2% target.