News
Speech by Governor Waller on the economic outlook
2+ hour, 13+ min ago (397+ words) Governor Christopher J. Waller At The Great Realignment: Navigating AI, Demographic and Geoeconomic Change, 42nd Annual NABE Economic Policy Conference, The National Association for Business Economics, Washington, D.C. But even if inflation continues to make progress toward 2 percent, if the new labor data…...
Federal Reserve Board announces it will hold a hybrid public outreach meeting on Thursday, March 26, as part of its review of regulations under the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA)
3+ day, 19+ hour ago (288+ words) Federal Reserve Board announces it will hold a hybrid public outreach meeting on Thursday, March 26, as part of its review of regulations under the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA) An official website of the United States Government…...
Minutes of the Federal Open Market Committee, January 27–28, 2026
4+ day, 20+ hour ago (106+ words) For release at 2:00 p.m. EST The Federal Reserve on Wednesday released the minutes of the Federal Open Market Committee meeting that was held on January 2728, 2026. The minutes for each regularly scheduled meeting of the Committee are generally published three weeks after…...
Why have far-forward nominal Treasury rates increased so much in the past few years? Old risks reemerge in an era of Fed credibility
1+ week, 3+ day ago (431+ words) Daniel Covitz and Eric Engstrom Notes: The left panel depicts the nominal 9-10 year forward rate from smoothed yield curves. The right panel depicts 20-quarter rolling changes in the 9-10 year forward rate. Throughout this discussion, we rely on a standard decomposition…...
Federal Reserve Board announces approval of application by Cooperativa de Ahorro y Credito Elga, Ltda.
1+ week, 3+ day ago (108+ words) The Federal Reserve Board on Thursday announced its approval of the application by Cooperativa de Ahorro y Credito Elga, Ltda., of Tegucigalpa, Honduras, to es An official website of the United States Government Official websites use .gov Secure .gov websites…...
Speech by Vice Chair Jefferson on the economic outlook and supply-side (dis)inflation dynamics
2+ week, 2+ day ago (389+ words) Vice Chair Philip N. Jefferson At the Brookings Institution, Washington, D.C. Thank you, Wendy, for the kind introduction. It is an honor to speak at the Brookings Institution.1 Today, I will start by sharing my outlook for the economy. Then, I will…...
Speech by Governor Cook on the economic outlook
2+ week, 4+ day ago (477+ words) Governor Lisa D. Cook At the Economic Club of Miami, Miami, Florida I would note that measures of short-run inflation expectations have fallen since last spring and longer-run inflation expectations measures have been stable. However, I am watching the clock here'the…...
A Decomposition of Balance Sheet Reduction
2+ week, 6+ day ago (497+ words) Benjamin Eyal, Dave Na, and Arsenios Skaperdas Note: Shaded areas represent the two episodes of balance sheet reduction (October 2014 " October 2019, March 2022 " December 2025). Source: Federal Reserve Board, H.4.1; Bureau of Economic Analysis, Consumer Price Index; Bureau of Labor Statistics, Gross Domestic Product;…...
Monetary Policy Exposure of Banks and Loan Contracting
2+ week, 6+ day ago (240+ words) Ahmet Degerli, Jing WangWe provide evidence that banks use loan covenants to prepare for future monetary policy tightening, thereby facilitating the bank lending channel of monetary policy transmission. Specifically, banks with greater monetary policy exposure'those whose lending capacity contracts more…...
Speech by Vice Chair for Supervision Bowman on the outlook for the economy and monetary policy
3+ week, 2+ day ago (387+ words) Vice Chair for Supervision Michelle W. Bowman At the SW Graduate School of Banking at SMU Cox: 161st Assembly for Bank Directors, Oahu, Hawaii As we enter 2026, the economy has continued to grow, and I see inflation moving closer to our goal....