Introductory Remarks – Vice Chairman for Supervision Randal K. Quarles.
Good morning. I am sorry that I cannot be with you in person for this third roundtable hosted by the Alternative Reference Rates Committee (ARRC), but I wanted to tape these remarks to make clear the Federal Reserve’s full commitment to mitigating the risk to financial stability should a key reference rate cease to be […]
Getting It Right: Factors for Tailoring Supervision and Regulation of Large Financial Institutions
I want to thank the American Bankers Association for inviting me to speak.1This is an era of relatively rapid evolution in banking regulation, an area of human endeavor that is not commonly known for its speedy metamorphoses. But in the time since I became the Vice Chairman for Supervision at the Federal Reserve, we have […]
FED: Semiannual Monetary Policy Report To The Congress
Good morning. Chairman Crapo, Ranking Member Brown, and other members of the Committee, I am happy to present the Federal Reserve’s semiannual Monetary Policy Report to the Congress. Let me start by saying that my colleagues and I strongly support the goals the Congress has set for monetary policy–maximum employment and price stability. We also support clear […]
RBA: Minutes of the Monetary Policy Meeting of the Reserve Bank Board
Members Present Philip Lowe (Governor and Chair), Guy Debelle (Deputy Governor), Mark Barnaba AM, John Fraser, Ian Harper, Allan Moss AO, Carol Schwartz AM Members granted leave of absence to Wendy Craik AM and Catherine Tanna in terms of section 18A of the Reserve Bank Act 1959. Others Present Luci Ellis (Assistant Governor, Economic), Christopher Kent (Assistant Governor, Financial Markets), Alexandra Heath (Head, Economic Analysis Department), Jonathan Kearns (Head, Financial Stability Department) Anthony Dickman […]
FOMC: Discount and Advance Rates, Monetary Policy Implementation
DISCOUNT AND ADVANCE RATES — Requests by six Reserve Banks to maintain the existing primary credit rate and requests by six Reserve Banks to increase the rate; requests to renew the secondary and seasonal credit formulas. Existing rate and formulas approved. June 4, 2018. ————————————————————————- Today, Board members discussed economic and financial developments and issues […]
