In a Senate hearing, several top officials from the Federal Reserve criticized the executives of Silicon Valley banks for their handling of risk management and compliance. The hearing, which took…
Tag: Fed
Fed Vice Chair Calls Silicon Valley Bank a ‘Textbook Case of Mismanagement’
The Federal Reserve Vice Chair, Randal Quarles, has recently criticized Silicon Valley Bank for mismanagement. In a statement made during a speech in California, Quarles referred to the bank as…
A Big Question for the Fed: What Went Wrong With Bank Oversight?
For years, the Federal Reserve has been tasked with overseeing banks and their practices to ensure the stability of the financial system. However, recent events have called into question the…
Banks Are Borrowing More From the Fed: What to Know
In recent months, banks have been borrowing more money from the Federal Reserve. This is happening because many banks are struggling to find enough cash to meet their daily needs.…
Republicans Say Spending Is Fueling Inflation. The Fed Chair Disagrees.
As the US economy continues to recover from the pandemic, Republicans are pointing towards rising inflation as a clear signal that the government’s spending policies are a major cause. However,…
Fed Meeting Holds High Stakes for Biden
The Federal Reserve’s decision on interest rates and other key economic metrics is always closely watched by investors and policymakers, but the stakes are particularly high for the Biden administration.…
Fed Meets as Bank Chaos Collides With Inflation
The Federal Reserve entered 2023 focused on a central goal: wrestling down the rapid inflation that has plagued American consumers since 2021. But over the past two weeks, that job…
Before Collapse of Silicon Valley Bank, the Fed Spotted Big Problems
WASHINGTON — Silicon Valley Bank’s risky practices were on the Federal Reserve’s radar for more than a year — an awareness that proved insufficient to stop the bank’s demise. The…
After SVB Collapse, Fed and Lawmakers Eye Bank Rules
The Federal Reserve is facing criticism over Silicon Valley Bank’s collapse, with lawmakers and financial regulation experts asking why the regulator failed to catch and stop seemingly obvious risks. That…
Jobs Report Gives Fed a Mixed Signal Ahead of March Decision
Federal Reserve officials received a complicated signal from February’s employment report, which showed that job growth retained substantial momentum nearly a year into the central bank’s campaign to slow the…