In a recent address, Federal Reserve Bank of Richmond President Tom Barkin offered insights into the possibility of a recession, highlighting resilience in the face of inflation and economic challenges.
The Federal Reserve recently unveiled the FedNow® Service, an instant payment system that offers customers and businesses immediate money transfers anytime and on any day.
The House Financial Services Subcommittee on Financial Institutions and Monetary Policy on July 20 conducted the hearing "Climate-Risk: Are Financial Regulators Politically Independent?" Republican legislators introduced four bills intended to limit federal regulators' ability to connect climate change to financial security.
During a recent address, Adeyemo highlighted the transformative potential of State and Local Fiscal Recovery Funds (SLFRF) for workforce development. He emphasized the urgency of utilizing the funds and the nearing deadline.
Consultation regarding the Elective Payment of Applicable Credits under the Inflation Reduction held on July 17 was reportedly met with excitement. The consultation addressed proposed regulations published by Treasury and the IRS.
Secretary of the Treasury Janet Yellen listed a Control and Command Center in Gandhinagar, India on July 16, where she emphasized the power of education supported by the World Bank. According to a release by the World Bank, this visit plays off the $500 million program focused on enhancing education in Gujarat.
Secretary of the Treasury Janet Yellen recently spoke at a press conference in Gandhinagar, India ahead of the third meeting of the G20 Finance Ministers and Central Bank Governors, where she reaffirmed the unwavering support for Ukraine and also condemned Russia's aggression. According to remarks Yellen at World Bank Supported Educational Site in Gandhinagar, the U.S. and coalition partners have a focus on bolstering Ukraine's defense against illegal actions by Russia, as well as assisting with their budget.
Secretary of the Treasury Janet L. Yellen recently concluded her third visit to India within a year's time, as she attended the third meeting of the G20 Finance Ministers and Central Bank Governors. The gathering had a theme of "One Earth, One Family, One Future", which prioritized the well-being of people and the planet, as well as emphasizing the international economic cooperation and sustainable growth, according to remarks she made in a press release.
The Federal Reserve recent announcement on June 29 highlighted significant progress in the launch preparations for the highly anticipated FedNow Service.
On July 8, Secretary of the Treasury Janet Yellen met with Vice Premier He Lifeng of the People’s Republic of China to discuss strengthening economic engagement between the United States and China.
A bipartisan group of 132 members of Congress recently filed an amicus curiae brief urging the Supreme Court to uphold the Fifth Circuit's decision on the unconstitutionality of the Consumer Financial Protection Bureau's funding structure as lawmakers push for subjecting the Bureau's funding to congressional appropriations.
In a press release issued by the Federal Reserve, recent data suggests that the U.S. economy is growing at a modest pace, with robust job gains and a steady low unemployment rate.
On the heels of recent alarming situations in the financial world, Assistant Treasury Secretary for International Finance Brent Neiman stressed the importance of reassessing international financial regulatory cooperation.
Loretta Mester, president and CEO of the Federal Reserve Bank of Cleveland, highlighted the factors that shape the long-term outlook for the economy during remarks she recently at the Central Banking Series in Dublin.
U.S. Treasury Secretary Janet Yellen recently addressed her speaking arrangement at the Independent Community Bankers of America (ICBA) 2023 Capital Summit in a tweet.