Browsing: Feds

(The Center Square)—The National Council of Urban Indian Health received $23.6 million in federal funds in four years even as an auditor flagged accounting problems in three of those years, an investigation by The Center Square found.

On the first morning of the Federal Reserve Bank of Philadelphia’s 10th Annual Fintech Conference, Philadelphia Fed President and CEO Anna Paulson sat down with Mark Gould, the Federal Reserve’s first-ever chief payments executive, to talk about the evolution of the payments system and the Fed’s role in keeping it safe and efficient — one of…

BoC Deputy Governor Gravelle says Canadian financial institutions should not worry about using standard liquidity facility for overnight liquidity

Fed’s Musalem (2028 voter) says the economy is very strong now, but predicated on continued growth; right now AI capex boom is resulting in demand pressure, with productivity and supply relief not yet apparent

Governance of the central bank’s information security program and enforcement of controls lack clarity, resulting in a 2024 incident “remaining unresolved for over a year,” an OIG report said.

New York Federal Reserve Bank President John Williams said at an Oxford University panel on Friday that the Fed cannot ignore persistent supply shocks, which he said are keeping price pressures elevated even if tariffs and higher energy costs do not lead to sustainable inflation. He added that the labour market is not currently are…

Federal prosecutors in New York City have reportedly opened an investigationinto Jeffrey Epstein’s longtime lawyer and accountant, the two men who now manage his estate.

Amid growing warnings that artificial intelligence could pose existential risks to humanity, the Federal Reserve is sharpening its focus on how banks use the technology to defend against cyber threats.

WASHINGTON, Sept 18 (Reuters) – The Federal Reserve’s top regulatory official said on Friday the US central bank will soon finalize an overhaul of its “stress test” of big banks to make the ‌process more transparent and the results more predictable for lenders, handing the industry long-sought reforms to ‌the exam process.

Aug 6 (Reuters) – Federal Reserve Bank of St. Louis President Alberto Musalem ‌said on Thursday it is critical for monetary policy to keep working to bring down inflation pressures amid ongoing risks to the central bank’s price-pressure mandate, and should not be set to ​bolster high productivity levels in hopes of lower future inflation.