Archives

March 17, 2025 @ 6:03 pm By JD Alois  |  

Michelle “Miki” Bowman has been selected to become the Vice Chair for Supervision of the Board of Governors of the Federal Reserve System. Posting on Truth Social, President Trump issued the following statement: “I am pleased to announce that Michelle “Miki” Bowman will be the… Read More

January 29, 2025 @ 3:36 pm By JD Alois  |  

There was little new today emerging from the US Federal Reserve announcement as it decided to hold rates steady, matching market expectations. The Fed decided to maintain the target range for the federal funds rate at 4-1/4 to 4-1/2 percent. The FOMC [Federal Open Market Committee]… Read More

January 29, 2025 @ 9:46 am By Omar Faridi  |  

Bitcoin (BTC), the flagship cryptocurrency, is holding steady around the $100,000 mark as investors await the Federal Open Market Committee (FOMC) meeting. After a modest 3-4% correction on Tuesday (January 28), the leading cryptocurrency rebounded, reflecting cautious optimism among investors ahead of key policy remarks…. Read More

March 20, 2024 @ 3:01 pm By JD Alois  |  

As anticipated, the US Federal Reserve has held benchmark rates steady while expecting three rate cuts later in 2024. The Federal Open Market Committee decided to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent while reiterating its commitment to… Read More

March 8, 2024 @ 4:47 pm By JD Alois  |  

Yesterday, testifying in front of the Senate Banking Committee, Jerome Powell, Chair of the US Federal Reserve, was asked several questions about a digital dollar or Central Bank Digital Currency (CBDC). Powell first pointed to the fact that most transactions are digital today as consumers… Read More

September 8, 2023 @ 10:33 am By JD Alois  |  

In a speech delivered at the Annual Fintech Conference in Philadelphia, US Federal Reserve Vice Chair for Supervision Michael S. Barr spoke about the Fed’s role in supporting innovation. Barr noted that not that long ago, cash in trucks was the preferred method of moving… Read More

June 14, 2023 @ 3:11 pm By JD Alois  |  

The US Federal Reserve has decided to pause rate hikes as it aims to assess the impact of the past rate hikes that have been some of the fastest in history. The Federal Funds Rate will remain at 5 to 5-1/4%. The Federal Open Market… Read More

April 4, 2023 @ 10:30 pm By Omar Faridi  |  

The US Federal Reserve has reportedly selected AutoRek, a global end-to-end financial data control platform, to feature in its FedNow Service Provider Showcase, which connects financial institutions with providers offering real-time payment solutions. Launching in July this year, the FedNow Service – an instant payments… Read More

February 1, 2023 @ 5:00 pm By JD Alois  |  

As was widely anticipated, today, the US Federal Reserve announced a 25 basis point increase to its benchmark rate as it continues to battle nagging inflation that has imperiled the economy. The vote by the Federal Open Market Committee (FOMC) was unanimous in its decision…. Read More

September 21, 2022 @ 2:59 pm By JD Alois  |  

The US Federal Reserve increased interest rates by 75 basis points, as expected. The Federal Open Market Committee (FOMC) raised the target range for the federal funds rate to 3 to 3-1/4% and expects ongoing increases in the rate. The Fed said that it will… Read More

September 20, 2022 @ 2:06 pm By JD Alois  |  

The Federal Reserve is meeting this week to determine interest rates and the odds on favorite is for a 75 basis point increase to the benchmark rate. While it could go higher – perhaps 100 bps – most market observers believe 75 bps is already… Read More

September 1, 2022 @ 1:10 pm By Omar Faridi  |  

The Federal Reserve has reportedly changed the timing of the introduction of its real-time payments solution, called FedNow, to the middle of 2023. The US Federal Reserve is aiming for a full-scale production rollout of the new payments service for somewhere between May and July… Read More

August 17, 2022 @ 9:39 pm By Omar Faridi  |  

The Federal Reserve Board on Monday (August 15, 2022) announced final guidelines that establish “a transparent, risk-based, and consistent set of factors for Reserve Banks to use in reviewing requests to access Federal Reserve accounts and payment services.” The final guidelines are substantially “similar to… Read More

May 16, 2022 @ 6:44 pm By Tony Zerucha  |  

  Like everyone else, American consumers are looking for faster ways to make payments, the results of a survey by the Federal Reserve Banks suggest. Overall, 80% say they are interested in more immediate ways to pay businesses, with around 70% saying the option of… Read More

May 4, 2022 @ 3:34 pm By JD Alois  |  

As was widely anticipated, the Federal Reserve raised its benchmark rate by 50 basis points. Simultaneously, the Fed said it would be significantly reduce its balance sheet as it battles fast-rising inflation. The increase was the largest increase since 2000. In the Federal Open Market… Read More

March 14, 2022 @ 3:00 pm By JD Alois  |  

Sarah Bloom Raskin was selected by President Joe Biden to fill a seat on the Federal Reserve Board of Governors. Last January, Biden announced his decision to appoint Raskin as Vice Chair for Supervision of the Federal Reserve. At that time, Biden described Raskin as… Read More

November 22, 2021 @ 9:22 am By JD Alois  |  

Jerome Powell has been renominated by President Joe Biden to continue on as the Chairman of the Federal Reserve. Dr. Lael Brainard was selected to serve as Vice-Chair of the Board of Governors of the Federal Reserve System. In recent days there has been much… Read More

October 4, 2021 @ 9:37 am By JD Alois  |  

The US Federal Reserve is poised to publish a report on the possibility of a central bank digital currency or CBDC. The concept has been bandied about by central bankers for several years now as policymakers seek to assess the benefits, and potential pitfalls, of… Read More

February 24, 2021 @ 12:19 pm By JD Alois  |  

Today, Jerome Powell, Chairman of the Federal Reserve, returned to Capitol Hill for a hearing on the House side pertaining to Monetary Policy and the State of the Economy. Once again, much of the discussion hovered around COVID, monetary policy and his opinion on the… Read More