US Congress
Fed announces new guidelines after master account controversy
Rules will impose tight scrutiny on non-conventional applicants
Endlessly interim? The struggle to appoint top US regulators
Two-year OCC vacancy is not that unusual in US system, but it may hamper initiative
Fed internal watchdog clears Powell and Clarida
Inspector-general still examining Rosengren and Kaplan, while senators criticise new code
US Senate confirms Barr as Fed vice-chair
Democrat appointees now form majority of board of governors
US senator attacks regional Fed over fintech firm’s payments access
Kansas City Fed president Esther George refuses to release correspondence about terminating account
Banknotes: April to June 2022
A round-up of news and salient issues that have affected central bankers in the past three months
Virtual asset service provider sues Fed
Crypto firm wants “master account” but critics warn of regulatory problems
People: Chicago Fed’s Evans to retire
Bulgarian parliament rejects governor pick; political heat on Cook still high as vote nears; and more
Stablecoins revive US narrow banking debate
Legislators suggest simplified bank rules to regulate issuers, but Federal Reserve is cautious
Biden nominates Barr for Fed supervision post
Previous nominee Sarah Bloom Raskin withdrew in March after Republican attacks
Fed’s asset selloff may start in May, Brainard says
FOMC minutes show consensus for “balance sheet runoff at a coming meeting”
US lawmakers approve vote on four Fed nominations
Senate Republicans end boycott after Raskin withdraws bid, but oppose Lisa Cook
Raskin withdraws Fed candidacy
Nominee cites “relentless attacks by special interests” after key senators oppose bid
Raskin Fed role in doubt as key senators voice opposition
Manchin says appointment would “politicise” Fed with opposition to fossil fuels
Markus Brunnermeier on the need for CBDCs
The Princeton academic co-authored a paper for the European Parliament exploring the potential pitfalls of CBDCs. But they are still needed, he says
Powell says he expects March rate hike
Fed chair says FOMC is discussing agreement on shrinking balance sheet
FOMC adopts new ethics rules on trading
Fed reforms follow months of controversy over equities trading and three resignations
US Senate Republicans stall Fed nominations
Raskin denies opposition lawmakers’ allegations that she engaged in untoward lobbying
US Treasury opposes ending IMF surcharges
Biden administration rejects initiative championed by Democratic progressives
Boston Fed appoints Susan Collins as new president
University of Michigan economist to become first Black woman to lead a regional Fed
Biden nominates three to Fed board
Republican senator signals likely opposition to president’s pick for top supervisor
Fed’s Clarida resigns after latest trading revelations
Vice-chair departs 17 days early after new disclosures about equities sales
US inflation reaches new peak
CPI figure hits 6.8%, the highest rate in nearly four decades
Quarles says Congress should rein in Fed funding
Former vice-chair for supervision calls for new body to wind down liquidity programmes