Fed announces new report on financial stability
WASHINGTON (AP) — The Federal Reserve said Friday it will begin issuing a new report twice a year assessing the stability of the U.S. financial system.
The Fed said the first report will be issued on Nov. 28. It will provide information on potential financial vulnerabilities tracked by the central bank such as valuations for bank loans, borrowing by businesses and households and bank funding risks.
Fed proposes easing capital rules, testing of some big banks
WASHINGTON (AP) — The Federal Reserve is proposing to ease requirements for holding capital and cash for U.S. banks that are big, but not as big as the Wall Street mega-banks.
The Fed's proposal issued Wednesday is the latest move by federal regulators to relax government oversight of financial firms in line with President Donald Trump's objectives.
Yellen to step down from Federal Reserve board
WASHINGTON (AP) — Janet Yellen submitted her resignation from the Federal Reserve board to President Donald Trump on Monday, announcing that she will leave when her successor is sworn in as Fed chairman.
In a letter to the president, Yellen said she would her "utmost" to ensure a smooth transition to Jerome Powell, who was tapped by Trump on Nov. 2 to become the next Fed leader after the president decided not to offer Yellen a second term.
Atlanta Fed president leaving in February
WASHINGTON (AP) — Dennis Lockhart, the president of the Federal Reserve's Atlanta regional bank, announced Tuesday that he plans to step down in February of next year.
Lockhart is leaving after a decade as president of the Atlanta bank, one of the Fed's 12 regional banks. He said he plans to pursue his interests in public policy, civic work and private business after stepping down on Feb. 28.
Asian stocks advance after worries over Fed rate hike ease
SEOUL, South Korea (AP) — Asian stocks were mostly higher on Tuesday after a Federal Reserve board member said she was in no hurry to raise interest rates, reassuring investors who were worried that the rate hike could pull share prices lower.
Fed official’s speech lowers expectations for hike next week
WASHINGTON (AP) — Investors, at least, suddenly seem more confident about what the Federal Reserve will announce when it meets next week:
Stocks soared Monday after an influential Fed policymaker indicated she was in no hurry to raise interest rates despite intensified speculation that the Fed is poised to tighten U.S. borrowing rates.