Powell says Fed has eye on virus
The Federal Reserve is monitoring the COVID-19 issue and its economic effects, according to a release from the central bank, attributed to Chairman Jerome Powell, released Friday.
Monetary policy
GOP senators signal support for Fed nominee Shelton
Sens. Pat Toomey of Pennsylvania and Richard Shelby of Alabama had been among a handful of Republicans who had expressed uneasiness with Judy Shelton's views on monetary policy.
Trump nominee for Fed seat gets cold shoulder from senators
Both Democrats and Republicans aired concerns about controversial statements made by Judy Shelton on monetary policy, deposit insurance and other issues, raising doubts about her confirmation.
Paul Volcker, former Fed chairman who inspired bank risk rule, dies at 92
Paul Volcker, the former Federal Reserve chairman who broke the back of U.S. inflation in the 1980s and three decades later led President Barack Obama’s bid to rein in the investment risk-taking of commercial banks, has died.
Congress may need to step in on Libor switch, Mnuchin warns
The Treasury secretary suggested a role for lawmakers in containing any fallout with financial contracts stemming from the transition to a new interest rate benchmark.
Jerome Powell’s narrow path to second term as Fed chair
Unlike previous central bank chiefs, Powell’s chances of being renominated by either the current president or many of the Democratic contenders are slim.
In deregulatory era, Trump picks a throwback for Fed board
Whereas most regulators appointed in the Trump administration are focused on rolling back the post-crisis framework, Nellie Liang helped create it.
ABS East: February likely end of road for Yellen
Asset-backeds have long benefited from the low interest rate environment, but participants at an industry conference appear to think that the party cannot go on forever.
By
Glen Fest
When the Fed unwinds its MBS holdings, who buys?
The Federal Reserve was not an economic buyer; it accumulated its vast holdings of mortgage bonds for policy reasons; Douglas Duncan, Fannie Mae's chief economist, looks at who might step up, and at what yield.
