Fed's Olson on regulatory relief

In testimony on 'Regulatory relief' given on 21 June, Mark Olson of the Federal Reserve said Congress should give the Federal Reserve more flexibility in setting reserve requirements and allow it to pay interest on balances held by depository institutions at reserve banks.

In addition, Congress should allow depository institutions to pay interest on demand deposits, Olson said in testimony for the Senate Banking Committee that outlined the Fed's "highest priority proposals" for regulatory relief

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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