Warsh confirmed for Fed chair
Digest more
Federal Reserve Gov. Michael Barr Thursday warned against efforts to shrink the central bank's balance sheet, saying that effort could undermine financial stability and disrupt money markets.
Despite U.S. President Donald Trump’s public expectations that incoming Federal Reserve Chair Kevin Warsh will cut interest rates, one investment expert believes the central bank may actually be forced to move in the opposite direction.
Federal Reserve Bank of New York President John Williams said on Thursday he does not see a need right now for the central bank to weigh any change in interest rate policy amid the uncertainty created by the Middle East war.
A "hawkish" turn at the Fed and stubbornly high inflation could delay interest rate cuts, according to Bank of America economists.
Gadi Barlevy was selected to lead the Federal Reserve Bank of Chicago’s research division, the bank said in a statement Thursday.
Federal Reserve Governor Michael Barr said Thursday that lowering liquidity rules to get the central bank’s balance sheet smaller is a bad idea and could undermine the safety of the financial system.